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SpyIntel [72]
3 years ago
8

The New York Times (Nov. 30, 1993) reported that "the inability of OPEC to agree last week to cut production has sent the oil ma

rket into turmoil . . . [leading to] the lowest price for domestic crude oil since June 1990."a. trueb. false
Business
1 answer:
slega [8]3 years ago
6 0

Answer: The correct answer is a. true.

Explanation: If there is a supply glut and demand is falling, there will definitely be a fall in price. The same principle applies if Organization of Petroleum Exporting Countries (OPEC) disagree to cut production, price for domestic crude oil would fall.

The scenario above is similar to the recent happenings regarding the impacts of coronavirus on global economy and is very fresh in our memories. According to the TheNation Newspapers, "oil prices tanked more than seven per cent at the weekend to their lowest levels since mid-2017 after Russia balked at OPEC's proposed steep production cuts to stabilize prices."

OPEC is proposing a cut in oil production, but if this is not done, the impact on Brent would be devastating as the price would fall further.

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The current market interest rate for $1,000, 10-year bonds of large corporations in the food industry is 6.3 percent. If a large
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Answer:

Convertible bonds

Explanation:

One advantege of convertible bonds for the issuer is that bondholders are willing to accept a loxer interest rate because they have an option of converting their bonds to common stock.  

If a company wants to issue bonds at an interest rate that is lower than the current market interest rate, they should offer convertible bonds.

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3 years ago
To maintain a​ monopoly, there must be barriers to entry. Barriers to entry include ______________ of resources without close​ s
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Answer: Ownership,economies. <em>This statement is true.</em>

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3 years ago
Kaspar Industries expects credit sales for January, February, and March to be $202,100, $264,200, and $319,300, respectively. It
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Answer:

January $151,575

February $248,675

March $305,525

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The computation of the cash collections is shown below:

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= $202,100 × 75%

= $151,575

February month

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= $202,100 × 25% + $264,200 × 75%

= $50,525 + $198,150

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March month

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=  $264,200 × 25%+ $319,300 × 75%

= $66,050 + $239,475

= $305,525

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