On october 10, the stockholders' equity of sherman systems appears as follows:

common stock-$10 par value, 72,000 shares authorized, issued, and outstanding $720,000
paid-in capital in excess of par value, common stock 216,000
retained earnings 864,000
total stockholders' equity $1,800,000
1. prepare journal entries to record the following transactions for sherman systems.
a. purchased 5,000 shares of its own common stock at $25 per share on october 11.
b. sold 1,000 treasury shares on november 1 for $31 cash per share.
c. sold all remaining treasury shares on november 25 for $20 cash per share.
2. explain how the company's equity section changes after the october 11 treasury stock purchase, and prepare the revised equity section of its balance sheet at that date.

In three to four sentences, explain the effect of a price ceiling on the quantity of a good and who this intervention intends to assist

Avx home entertainment, inc., recently began a “no-hassles” return policy. a sample of 500 customers who recently returned items showed 400 thought the policy was fair, 32 thought it took too long to complete the transaction, and the rest had no opinion. on the basis of this information, make an inference about customer reaction to the new policy. (round your answers to 1 decimal place.)

Consider the scenario below and let us know if you believe lauren smith's actions to be ethical. let us know why or why not. lauren smith is the controller for sports central, a chain of sporting goods stores. she has been asked to recommend a site for a new store. lauren has an uncle who owns a shopping plaza in the area of town where the new store is to be located, so she decides to contact her uncle about leasing space in his plaza. lauren also contacted several other shopping plazas and malls, but her uncle’s store turned out to be the most economical place to lease. therefore, lauren recommended locating the new store in her uncle’s shopping plaza. in making her recommendation to management, she did not disclose that her uncle owns the shopping plaza. if management decided to go with lauren's uncle's plaza, what additional information would be needed in the financial statements?