Whispering Winds Corp. purchased from its stockholders 4,900 shares of its own previously issued stock for $245,000. It later resold 1,900 shares for $53 per share, then 1,900 more shares for $48 per share, and finally 1,100 shares for $42 per share. Prepare journal entries for the purchase of the treasury stock and the three sales of treasury stock.

While cell phones with holographic keyboards are currently in the introduction stage of the industry life cycle, tablet computers are in the growth stage. in the context of this scenario, which of the following statements is true? a. the industry for cell phones with holographic keyboards will face greater competition than the tablet industry. b. while the industry for cell phones with holographic keyboards will focus more on product innovation, the tablet industry will focus more on process innovation. c. while the industry for cell phones with holographic keyboards can reap the benefits of economies of scale, the tablet industry will experience no such benefits. d. the industry for cell phones with holographic keyboards will face price competition, whereas, in the tablet industry, the mode of competition will be non-price.