On august 15, 2014, cubs corp. purchases 5,000 shares of common stock in sox inc. at a mar- ket price of $15 per share. in addition, cubs pays brokerage fees of $1,000. on october 20, 2014, cubs sells the sox stock for $10 per share.

required

prepare all necessary entries on cubs’s books in connection with the investment beginning with the purchase of the common stock on august 15, 2014, and the sale on october 20, 2014.

What is an example of a good stock to buy during economic expansion? a) cyclical stock b) defensive stock c) income stock d) bond

Walsh company manufactures and sells one product. the following information pertains to each of the company’s first two years of operations: variable costs per unit: manufacturing: direct materials $ 25 direct labor $ 12 variable manufacturing overhead $ 5 variable selling and administrative $ 4 fixed costs per year: fixed manufacturing overhead $ 400,000 fixed selling and administrative expenses $ 60,000 during its first year of operations, walsh produced 50,000 units and sold 40,000 units. during its second year of operations, it produced 40,000 units and sold 50,000 units. the selling price of the company’s product is $83 per unit. required: 1. assume the company uses variable costing: a. compute the unit product cost for year 1 and year 2. b. prepare an income statement for year 1 and year 2. 2. assume the company uses absorption costing: a. compute the unit product cost for year 1 and year 2. b. prepare an income statement for year 1 and year 2. 3. reconcile the difference between variable costing and absorption costing net operating income in year 1.

You decided to charge $100 for your new computer game, but people are not buying it. what could you do to encourage people to buy your game?