Pfeffer Company reports net income of $360 million for 20X1; the company's tax rate is 40%. At the beginning of the year, 200,000 common shares were outstanding. On August 1, the company issued an additional 120,000 shares. Weighted-average shares will be:

250,000    

Explanation:

The shares that remainded the same for the year was 200,000 ordinary shares.

The shares that were added during the year were 120,000 ordinary share at the start of 8th month which means 120,000 ordinary shares remained for 5 months time. Weighting it at 5 months time will give 50,000 shares (120,000 * 5 months of the year/ 12).

This means

Weighted Average shares = 200,000 + 50,000 = 250,000

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.

answer; coefficient of correlation;