National Scan, Inc. sells radio frequency inventory tags. Monthly sales for a seven month period were as follows.

Month Sales (000)Units
Feb. 19
Mar. 22
Apr. 8
May 24
Jun 19
Jul 27
Aug 22
b. Forecast September sales volume using each of the following

1. A linear trend equation. Round intermediate calculations and finals answer to 2 decimal places.

YT = thousands

2. A five-month moving average. Round answer to 2 decimal places.

3. Exponential smoothing with a smoothing constant equal to 0.25 assuming a March forecast of 17(000). Round intermediate forecast values and final answer to 2 decimal places.

Forecast thousands

4. The naive approach

Naive approach thousands

5. A weighted average using .50 for August .15 for July, and .35 for June. Round your answer to 2 decimal places.

Weighted average thousands

Following are the transactions for valdez services. the company paid $2,000 cash for payment on a 6-month-old account payable for office supplies. the company paid $1,200 cash for the just completed two-week salary of the receptionist. the company paid $39,000 cash for equipment purchased. the company paid $800 cash for this month’s utilities. the company paid $4,500 cash in dividends to the owner (sole shareholder). examine the above transactions and identify those that create expenses for valdez services. prepare general journal entries to record those transactions that created expenses in the above given order.

Steffi is reviewing various licenses and their uses. match the licenses to their respective uses.

The following accounts appeared in recent financial statements of delta air lines. identify each account as either a balance sheet account or an income statement account. for each balance sheet account, identify it as an asset, a liability, or stockholders' equity. for each income statement account, identify it as a revenue or an expense. item financial statement type of account accounts payable balance sheet advanced payments for equipment balance sheet air traffic liability balance sheet aircraft fuel (expense) income statement aircraft maintenance (expense) income statement aircraft rent (expense) income statement cargo revenue income statement cash balance sheet contract carrier arrangements (expense) income statement flight equipment balance sheet frequent flyer (obligations) balance sheet fuel inventory balance sheet landing fees (expense) income statement parts and supplies inventories balance sheet passenger commissions (expense) income statement passenger revenue income statement prepaid expenses income statement taxes payable balance sheet