1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
Always pay attention to your_______ markings and make every attempt to keep all of your wheels on the road surface.
steposvetlana [31]

Always pay attention to your lane markings and make every attempt to keep all of your wheels on the road surface. Road surface marking is any device or material that is used on a road surface to convey official information.

It is usually used in conjunction with road and marking machines (also referred to as road marking equipment or pavement marking equipment). They can also be used to identify parking places or designate areas for various purposes in other facilities where automobiles are present.

Road and markings are conceived of as horizontal traffic signs in various countries and territories (France, Italy, Czechia, Slovakia, and so on), as opposed to vertical traffic signs placed on posts.

To learn more about marking, click here.

brainly.com/question/3016269

#SPJ4

8 0
1 year ago
In the product market​
coldgirl [10]

Answer:

reason

Explanation:

reason

4 0
3 years ago
XYZ, Inc. is a seller of the good. XYZ sells a unit of the good to a buyer and then pays the tax on that unit to the government.
Mademuasel [1]

Answer: $2

Explanation:

The Supply curve S1 represents the supply before tax. The equilibrium price at this point is therefore $3.

With taxes, the supply curve is S2 and the equilibrium price has now gone up to $5.

The amount that XYZ will be left with after paying the tax is:

= Price after tax - price before tax

= 5 - 3

= $2

3 0
3 years ago
One of the fastest way to acquire knowledge is to hire individuals or purchase entire companies that have valued knowledge.
lutik1710 [3]

Answer:

True

Explanation:

Knowledge is something that cannot just be acquired within a day. It requires lots of reading, studying different books, rigorous amount of trainings and carrying out various research to learn something new. All this takes some period of time, maybe months or years because there is a need to perfectly master the field of study.

Therefore one of the fastest ways to acquire knowledge at a fast rate is to hire an individual who is an expert in that field or purchase an entire company that has already gained the knowledge because trying to achieve that on your own is time consuming.

This is an added advantage to the organisation as it helps to increase its growth rate and face any form of competition in the market.

Hence the statement above is true.

3 0
3 years ago
Customer satisfaction simply means:
MAVERICK [17]

Answer:

how happy customers are with a company's products/services

Explanation:

Customer satisfaction is defined as a measurement that determines how happy customers are with a company's products, services, and capabilities. Customer satisfaction information, including surveys and ratings, can help a company determine how to best improve or changes its products and services.

4 0
2 years ago
Other questions:
  • What piece of information is most helpful when you're comparing investments?
    12·1 answer
  • acuBlade Castings Inc. casts blades for turbine engines. Within the Casting Department, alloy is first melted in a crucible, the
    12·1 answer
  • The amount of interest you will earn in one year from a savings account is the _____.
    7·1 answer
  • On July 15, 2016, you convert 650,000 U.S. dollars to Japanese yen in the spot foreign exchange market and purchase a six-month
    15·1 answer
  • Lee Company has a current ratio of 2.65. The acid test ratio is 2.01. The current liabilities of Lee are $45,000. The dollar amo
    5·1 answer
  • Operations management personnel perform a variety of functions, including all of the following except ___________________. A. an
    5·1 answer
  • The balance sheet given below is presented for the partnership of Janet, Anton, and Millet: Cash $60,000 Liabilities $80,000 Oth
    11·1 answer
  • On March 31, 2019, the balances of the accounts appearing in the ledger of Racine Furnishings Company, a furniture wholesaler, a
    12·1 answer
  • Good internal controls over the write-off of uncollectible accounts include appropriate review of ________ by management to ensu
    15·1 answer
  • What is the distinction between debtor and creditor?<br>​
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!