In order to encourage employee ownership of the company’s $1 par common shares, washington distribution permits any of its employees to buy shares directly from the company through payroll deduction. there are no brokerage fees and shares can be purchased at a 8% discount. during march, employees purchased 65,000 shares at a time when the market price of the shares on the new york stock exchange was $28 per share. required: prepare the appropriate journal entry to record the march purchases of shares under the employee share purchase plan. (if no entry is required for an event, select "no journal entry required" in the first account field.)

David consumes two things: gasoline (g) and bread (b). david's utility function is u(g, b) = 10g^0.25 b^0.75. use the lagrange technique to solve for david's optimal choices of gasoline and bread as a function of the price of gasoline, p_g, the price of bread, p_b, and his income m. with recent decrease in the price of gasoline (maybe due to external shock such as shale gas production) does david increase his consumption of gasoline? for david, how does partial differential g/partial differential p_g depend on his income m? that is, how does david's change in gasoline consumption due to an increase in the price of gasoline depend on his income level? to answer these questions, find the cross-partial derivative, |partial differential^2 g/partial differential m partial differential p_g.