Nov. 15 Purchased 6,000 shares of Erie, Inc.’s common stock at $13 per share plus a brokerage commission of $750. Glass expects to sell the stock in the near future. Glass is unable to exercise any significant control over Erie. Dec. 22 Received a cash dividend of $2.10 per share of common stock from Erie. Dec. 31 Made the adjusting entry to reflect year‑end fair value of the stock investment in Erie. The year‑end market price of the Erie common stock is $12.25 per share. 2017 Jan. 20 Sold all 6,000 shares of the Erie common stock for $66,900.Record the transactions and adjustment of the Glass Company using journal entries.

You are at a holiday dinner with your family. your relative makes the argument that the u. s. economy is resurgent and has recovered from the great recession of 2007 – 2009. economic growth, as measured by gdp, has been increasing from one quarter to the next. you beg to differ. how would you structure your argument with your relative? hint: you should think about two things, the accuracy of gdp measures, and whether gdp should be considered a comprehensive measure of a countries well-being.

Nominal gross domestic producta. is a measure of the overall level of pricesb. measures the value of final goods and services produced within the borders of a given country during a given time period using current pricesc. measures the value of final goods and services produced within the borders of a given country during a given time period corrected for changing pricesd. only changes when the level of output changes

At the end of the week, carla receives her paycheck and goes directly to the bank after work to make a deposit into her savings account. the bank keeps the required reserve and then loans out the remaining balance to a qualified borrower named malik as a portion of his small business loan. malik uses the loan to buy a tractor for his construction business and makes small monthly payments to the bank to payback the principal balance plus interest on the loan. the bank profits from a portion of the interest payment received and also passes some of the interest back to carla in the form of an interest payment to her savings account. in this example, the bank is acting