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MrRissso [65]
3 years ago
8

Swenson Oil​ & Gas allows its customers to prepurchase heating oil in June for the coming winter. Customers who took advanta

ge of the offer prepurchased​ 400,000 gallons of oil at​ $3.50 per gallon. Swenson hedged its position by contracting to purchase​ 400,000 gallons of oil for November delivery at a price of​ $3.00 per gallon. If the November spot price is​ $3.85 per​ gallon, Swenson's gross profit on the heating oil sold in June will be
Business
1 answer:
Kaylis [27]3 years ago
5 0

Answer:

$200,000

Explanation:

The calculation of gross profit on the heating oil sold in June is shown below:-

Gross profit = Prepurchased × (Prepurchased per gallon - Delivery at a price)

= 400,000 gallon × ($3.50 per​ gallon - $3.00 per gallon)

= 400,000 gallon × $0.5

= $200,000

Therefore for computing the gross profit on the heating oil sold in June we simply applied the above formula.

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A company purchased equipment and signed a 7-year installment loan at 9% annual interest. The annual payments equal $9,000. The
Ksivusya [100]

Answer:

$45,297

Explanation:

Data provided as per the question

Installment = $9,000

Present value factor = 5.0330

The calculation of present value is shown below:-

Present value = Installment × Present value factor

= $9,000 × 5.0330

= $45,297

Therefore for computing the present value of the loan we simply multiply the installment with present value factor.

5 0
3 years ago
Franklin Manufacturing provided the following information for the month ended March​ 31: Sales Revenue $ 15 comma 000 Beginning
klasskru [66]

Answer:

B. $ 17 comma 100

Explanation:

The movements in inventory account is usually as a result of purchases, sales, returns etc. These are the factors that bring about a difference between the opening and closing balances in the inventory account.

Given that

Beginning Finished Goods Inventory = $14000

Ending Finished Goods Inventory = $14500

Cost of Goods Manufactured = $17600

Sales revenue = $15000

Let the cost of goods sold be B

$14000 + $17600 - B = $14500

B = $14000 + $17600 - $14500

B = $17100

The cost of goods sold is $17100

7 0
3 years ago
On December 31, year 3, Byte Co. had capitalized software costs of $600,000 with an economic life of four years. Sales for year
Scrat [10]

Answer:

correct option is b. $450,000

Explanation:

given data

capitalized software costs = $600,000

expected total sales = 10%

sale = 4 year

net realizable value = $480,000

solution

we get here net capitalized cost of computer software that is express as

net capitalized cost of computer software =  Year 1 balance - Year 2 amortization .................1

here

Year 2 amortization is

Year 2 amortization = capitalized software costs ÷ total projected sale .......2

Year 2 amortization = \frac{600000}{4}  

Year 2 amortization = $150,000

so here

Year 2 net capitalized cost is = $600,000 - $150,000

Year 2 net capitalized cost is  $450000

so correct option is b. $450,000

6 0
3 years ago
In some cases promotions tailored to specific countries or regions may be more successful than a general campaign because:
DiKsa [7]

In some cases promotions tailored to specific countries or regions may be more successful than a general campaign because each country or region has its own culture.

<h3>Factors that affects promotion of goods</h3>

The act of promoting a particular product for sale can be location specific this is because individual and culture varies which also affect the choice of product and how it can be advertised for people to desire the product.

Therefore,

In some cases promotions tailored to specific countries or regions may be more successful than a general campaign because each country or region has its own culture.

Learn more on promotion below

brainly.com/question/14772910

#SPJ1

In some cases promotions tailored to specific countries or regions may be more successful than a general campaign because:

A) more than one marketing expert is needed to create successful promotions

B) it costs less to set up several smaller campaigns than one that can be used for all markets

C)there is no need to test the message before starting the campaign

D)each country or region has its own culture

8 0
2 years ago
Consider the market for film streaming services, tv sets, and movie tickets.for each pair, identify whether they are complements
nevsk [136]

Streaming services and TV sets: complements  

Streaming services and movie tickets: substitutes

TV sets and movie tickets: substitutes

8 0
3 years ago
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