During the past year, the company’s financial results reflected the following: Selling, general, and administrative expenses of 200,000 Net sales of 1,200,000 Interest expense of 100,000 Research & development expense of 50,000 Cost of goods sold of 800,000 Income tax expense of 17,500 Calculate operating income $ for the year.

Operating Income                     $ 200,000

Explanation:

The Company’s Income STatement

Net sales  $ 1,200,000

Cost of goods sold of 800,000

Gross Profit  $ 400,000

Selling, general, and administrative expenses of 200,000

Operating Income                     $ 200,000

Research & development expense of 50,000

Income before Income Tax           $ 150,000

Income tax expense 17,500

Net Income             $ 132,500

The operating income does not include other expenses such as Research & development expenses  and income tax.

a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.

you have to put the parentheses like this:

in fact, you have to perform the operation inside parentheses first, and then proceed in order: