Johnson electronics sells electrical and electronic components through catalogs. catalogs are printed once every two years. each printing run incurs a fixed cost of $25,000, with a variable production cost of $5 per catalog. annual demand for catalog is estimated to be normally distributed with a mean of 16,000 and standard deviation of 4,000. data indicate that, on average, each customer ordering a catalog generates $35 from sales. assuming that johnson wants only one printing run in each two-year cycle, how many catalogs should be printed in each run?

On january 1, vermont corporation had 40,000 shares of $10 par value common stock issued and outstanding. all 40,000 shares has been issued in a prior period at $20.00 per share. on february 1, vermont purchased 3,750 shares of treasury stock for $24 per share and later sold the treasury shares for $21 per share on march 1. the journal entry to record the purchase of the treasury shares on february 1 would include a credit to treasury stock for $90,000 debit to treasury stock for $90,000 credit to a gain account for $112,500 debit to a loss account for $112,500