Including the use of relevant diagrams, provide an analysis of the key factors which determine the market equilibrium and price of the goods and services in the following scenarios:

1. The effect on the world market equilibrium for petrol in the event of a war breaking out in the Arabian Gulf region.
2. The effects of a health scare (e.g. the coronavirus) on tourism into Ireland during 2020.
3. The effect of the recession from 2009 to 2014 in Ireland on the market for takeaway foods.
4. The effect of a mediocre summer in 2019 on the market for foreign holidays for Irish citizens in January 2020.

The 2019 balance sheet of Dyrdek’s Skate Shop, Inc., showed $590,000 in the common stock account and $4.8 million in the additional paid-in surplus account. The 2020 balance sheet showed $630,000 and $5.3 million in the same two accounts, respectively. If the company paid out $600,000 in cash dividends during 2020, what was the cash flow to stockholders for the year? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)

Cash Flow to Stockholders: _______

Company sells its product for $11700 per unit. Variable costs per unit are: manufacturing, $5500; and selling and administrative, $135. Fixed costs are: $30000 manufacturing overhead, and $40000 selling and administrative. There was no beginning inventory at 1/1/18. Production was 20 units per year in 2018–2020. Sales were 20 units in 2018, 16 units in 2019, and 24 units in 2020. Income under variable costing for 2019 is

On 30 th June 2020, Attock Petroleum Limited published their annual earnings report which
resulted in an increased stock price. On 1 st July, 2020, Mr Saeed an investor earned abnormal
profits while beating the other traders in the market. Considering that financial markets were
weak form efficient, in your opinion, according to Efficient Market Hypothesis; if no investor can
beat the market or create an arbitrage then how Mr Saeed did it?

Justify your answer.

In May 2020, Mary began searching for a trade or business to acquire. In anticipation of finding a suitable acquisition, Mary hired an investment banker to evaluate three potential businesses, She also hired a law firm to begin drafting regulatory approval documents for a target company. Eventually, Mary decided to purchase all of the assets of Peterson Corporation. Peterson and Mary entered into an acquisition agreement on Decemeber 1, 2020. Identify the relevant tax issues for Mary.

Please make sure to explain well.

What would the journal entries for the following problem?

Purchased a parcel of land on March 1, 2019 for $990,000 by paying $480,000 in cash and signing a short-term note payable with the seller for $510,000. You must repay the $510,000 in exactly one year on March 1, 2020. You agree to pay the seller 5 percent interest (annual rate) on a quarterly basis (June 1, September 1, December 1, 2019, and March 1, 2020).

[Adjusting Entry Required]

At the start of 2020, a county general fund issues property tax bills in the amount of $9,000,000. It expects to collect $8,800,000 from property owners, with the rest expected to be uncollectible. During the year, $8,750,000 in 2020 property taxes is collected. Of the remaining $250,000 in uncollected taxes at year-end, it is estimated that $100,000 will be collected within 60 days and the rest are uncollectible.

Using the attached T-account template, prepare the entries required to recognize the above information.

Bright Ltd acquired all of the issued shares in Star Ltd a number of years ago. On 1 June 2019, Bright Ltd transferred inventory to Star Ltd at a profit, where all of these inventories remained with Star Ltd at 1 July 2019, and were all on-sold to external parties as at 30 June 2020. In your own words, briefly explain the necessary adjustments required in preparing the consolidated financial statements for Bright Ltd’s group for the year ended 30 June 2020.

The income for Saxbys Cafe at Temple University income for the period January - June, 2020 is as follows:

(a) Use exponential smoothing with α =0.1 and α =0.3 to forecast July income. Assume that the initial forecast for February 2020 is $65,000.

Show Work please

(b) Based on MAD, which smoothing constant provide a better forecast? Justify your answer.

As of July, 2020 the unemployment rate fell to 11.1%. The U.S. unemployment rate is at its lowest level in months and the economy added a record number of jobs in June. How do you interpret this rate? identify the national unemployment rate. How do you interpret this rate? Identify at least two changes to the Unemployment Insurance Policy that were instituted in March 2020 in response to the COVID-19 crisis. What might be some of the short-term and long-term consequences of this change.