In 1973 and 1974, the organization of the petroleum exporting countries (opec) imposed an embargo on shipments of crude oil to the united states. what followed was a drastic reduction in the quantity of gasoline available at local gas pumps. congress imposed a price ceiling , or maximum price, of $0.57 per gallon of leaded regular gasoline. that price ceiling was intended to keep gasoline "affordable." 1.) using the line drawing tool, depict the effect of the crude oil embargo such that the free-market price would rise to $1.50 per gallon. (draw any shift in a line parallel to the original line.) properly label this line. 2.) using the point drawing tool, illustrate the quantity supplied at the price ceiling of $0.57 per gallon. carefully follow the instructions above and only draw the required objects. u. s. gasoline market 1972-1974 0.00 0.25 0.50 0.75 1.00 1.25 1.50 1.75 2.00 gallons per year price per gallon ($) upper d 1974upper s 1972 price ceiling 0.57 interactive graph click the graph, choose a tool in the palette and follow the instructions to create your graph.

Maker-bot corporation has 10,000 shares of 10%, $90 par value, cumulative preferred stock outstanding since its inception. no dividends were declared in the first two years. if the company pays $400,000 of dividends in the third year, how much will common stockholders receive?

3. now assume that carnival booked lady antebellum in december 2016 to perform on the june 2017 western caribbean cruise. further assume that carnival pays lady antebellum its entire performance fee of $52,000 on december 28, 2016, for the june 2017 cruise. what journal entry will carnival make on december 28, 2016, for its payment to lady antebellum?

The following selected circumstances relate to pending lawsuits for erismus, inc. erismus’s fiscal year ends on december 31. financial statements are issued in march 2019. erismus prepares its financial statements according to u.s. gaap. required: indicate the amount erismus would record as an asset, liability, or not accrued in the following circumstances. 1. erismus is defending against a lawsuit. erismus's management believes the company has a slightly worse than 50/50 chance of eventually prevailing in court, and that if it loses, the judgment will be $1,000,000. 2. erismus is defending against a lawsuit. erismus's management believes it is probable that the company will lose in court. if it loses, management believes that damages could fall anywhere in the range of $2,000,000 to $4,000,000, with any damage in that range equally likely. 3. erismus is defending against a lawsuit. erismus's management believes it is probable that the company will lose in court. if it loses, management believes that damages will eventually be $5,000,000, with a present value of $3,500,000. 4. erismus is a plaintiff in a lawsuit. erismus's management believes it is probable that the company eventually will prevail in court, and that if it prevails, the judgment will be $1,000,000. 5. erismus is a plaintiff in a lawsuit. erismus’s management believes it is virtually certain that the company eventually will prevail in court, and that if it prevails, the judgment will be $500,000.