Coronavirus and global oil markets

Oil prices have fallen from about $50 per barrel to $20 per barrel over the past two months, with most of that decrease occurring in the first half of March. The drop in prices is widely attributed to the decrease on global oil demand caused by the Coronavirus/COVID-19 in combination with strategic and political supply-side maneuvering by Saudi Arabia and Russia (who are the largest exporters and the second and third largest producers, accounting jointly for almost a quarter of global production). For the purposes of this assignment, let’s focus on the role of Coronavirus and global demand, ignoring the supply-side decisions by Saudi Arabia and Russia.

2.1 According to economic theory, why would a decrease in future oil demand reduce oil prices now?

2.2 Given the changes in oil demand and prices, is consumer surplus from gasoline consumption higher or lower today, compared to a hypothetical world in which there were no Coronavirus?

2.3 Suppose that instead of a decrease in global demand, there was an increase in expected future global supply. How would this affect US oil production and oil prices now and in the future? Would the US economy benefit or lose, overall?

RTY Company’s year-end balance sheet for 2018 and forecasted quarterly cash flows for 2019 are given below. Company always pays for its purchases one quarter after the purchase. 50% of all sales are collected in the current quarter and 50% in the next quarter. Other expenses are paid in the current quarter. a. Prepare the quarterly cash budget for the company for 2019. b. Assuming all forecasts will be accurate, how much external long-term financing will the company need if the company does not want to use any short-term financing at all?

Balance Sheet Year-end 2018 (million$) Assets Liablities Cash 5 Accounts Payable 40 Accounts Receivable 25 Inventory 70 Long-term Debt 160 Net Fixed Assets 400 Equity 300 Total Assets 500 Total Liabilities and Equity 500 2019 Forecasts (million $) Quarter 1 Quarter 2 Quarter 3 Quarter 4 Sales 50 20 120 30 Purchases 40 30 50 50 Other expenses 10 10 10 10

Totally Unique T-Shirts has very seasonal sales.For 2018 management is trying to decide whether to establish a sales budget based on average sales or on sales estimated by quarter.The unit sales for 2018 are expected to be 8% higher than 2017 sales.Unit shirt sales by quarter for 2017 were as follows:

Required: Assuming an 8% increase in sales, prepare a sales budget for each quarter of 2018 using the following:

                               1- Average quarterly sales (hint – winter quarter children’s shirts are 270 (1,000 total x 1.08 increase / 4 quarters)

                               2- Actual quarterly sales.(hint – winter quarter children’s shirts are 216 (200 x 1.08)

                               3- Suggest advantages of each method.

9. Use the concepts of gross investment and net investment to distinguish between an economy that has a rising stock of capital and one that has a falling stock of capital. Explain. “Though net investment can be positive, negative, or zero, it is impossible for gross investment to be less than zero.”

1. can you answer the question with fewer couple words for each part?

a.can there be any inflation without an increase in the money supply? how?

b.could long-term interest rates rise when short-term rates are falling? what would cause such a pattern?

​Peeler's Smoothie Company has provided the following​ information: Sales price per unit Variable cost per unit Fixed costs per month Calculate the contribution margin ratio.​ (Round your answer to two decimal​ places.)

A. 28.57​%

B. 22.22​%

C. ​20%

D. 77.78​%

Benson Company manufactures special metallic materials for luxury homes that require highly skilled labor. Benson uses standard costs to prepare its flexible budget. For the first quarter of the​ year, direct materials and direct labor standards for one of their popular products were as​ follows:

Direct​ materials: 3 pounds per​ unit; $3 per pound Direct​ labor: 4 hours per​ unit; $15 per hour Benson produced 4,000 units during the quarter. At the end of the​ quarter, an examination of the labor costs records showed that the company used 25,000 direct labor hours and actual total direct labor costs were $225,000.

What is the direct labor efficiency​ variance?

A. $15,040 U

B. $135,000 U

C. $135,000 F

D. $15,040 F

When the sales price per unit​ decreases, the breakeven point​ ________.

A. increases

B. decreases proportionately

C. decreases

D. remains the same

text Prepare Cash Budget For 3 Months Brewster Corporation expects the following cash receipts and disbursements during the first quarter of 2016 (receipts exclude new borrowings and disbursements exclude interest payments on borrowings since January 1, 2016) January February March Cash receipts $290,000 $310,000 $280,000 Cash disbursements 270,000 350,000 290,000 The expected cash balance at January 1, 2016, is $72,000. Brewster wants to maintain a cash balance at the end of each month of at least $70,000. Short-term borrowings at 1% interest per month will be used to accomplish this, if necessary. Borrowings (in multiples of $1,000) will be made at the beginning of the month in which they are needed, with interest for that month paid at the end of the month. Prepare a cash budget for the quarter ended March 31, 2016. Brewster Corporation Cash Budget for the Quarter Ended March 31, 2016 January February March Beginning cash balance Answer Answer Answer Cash receipts Answer Answer Answer Short-term borrowings Answer Answer Answer Cash available Answer Answer Answer Cash disbursements Answer Answer Answer Interest payment Answer Answer Answer Total cash disbursements Answer Answer Answer Ending cash balance Answer Answer Answer

Princess Buttercup is very budget conscious shopper in the peasant market for goods. Below represent observations on various goods:

            1. The quantity of shields demanded decreased by 6%

            2. The quantity of bread demanded increased by 1%

            3. The quantity of peasant tops demanded increased by 40%

            4. The quantity of iron pots demanded decreased by 25%

            5. The quantity of firewood demanded increased by 3%

For each good, calculate the income elasticity if income were to increase by 5%. Then explain whether a good is normal or inferior. Define income elasticity.

Of the goods above, which of the above are most likely to be a luxury good(s)?

PLEASE ITS URGENT!!! Private Santiago never fit in at Guantanamo Bay military base. In a place where marines were expected to do a 5 km run in less than 15 min on the regular, he never could do any better than 30 min. He was always out of breath, always falling behind. Unfortunately, a couple of marines took it upon themselves (or were under orders?) to 'fix' Santiago themselves, using a 'code red' prank that involved putting a rag in his mouth and shaving his head. The prank as not meant to be harmful, but Santiago died shortly thereafter of what doctor's determined was lactic acidosis. (a) Name that movie [1] (b) Describe lactic acidosis on the molecular level (use detailed mechanisms for relevant steps where appropriate). [10] (c) What might have caused Santiago's problem. Describe at least two potential causes on the molecular level (use detailed mechanisms for relevant steps where appropriate). [20] (d) What would Santiago have most likely had if the doctors said he died of ketoacidosis? [4] (e) Explain this (formerly) most common cause of ketoacidosis on the cellular and molecular levels, using detailed mechanisms for individual steps when necessary. Include the molecular processes that make the molecules associated with ketoacidosis (use detailed mechanisms for relevant individual steps). [20]