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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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It is generally recognized that the spending habits of individuals changes over their lives. In general, young adults tend to sp
ki77a [65]

Answer:

1. more

2. less

3. borrowing

4. past savings

Explanation:

It is generally recognized that the spending habits of individuals changes over their lives. In general, young adults tend to spend <u>more</u> than they earn, while older adults tend to spend <u>less</u>. To accommodate their spending habits, young adults tend to rely on funds raised from <u>borrowing </u>. Retired adults, in contrast, tend to rely on <u>past savings</u> to cover the frequent shortage between their current expenditures and their current incomes.

4 0
3 years ago
What type of protection does U.S law grant the creator of a book, film, or piece of music
frozen [14]

The type of protection that the U.S law would grant the creator of a book, film, or piece of music is: Option B.

<h3>What is copyright law?</h3>

Copyright law can be defined as a set of formal rules and regulations that are granted by the government to protect an intellectual property (IP), especially by giving the creator or original author (owner) an exclusive right to use during his or her lifetime, while preventing any unauthorized access, unlawful use or duplication by other parties.

This ultimately implies that, a copyright grants a creator the exclusive right to use the creation during his or her lifetime, as well as to the creator's heirs for 70 years after the creator's death.

Read more on copyright laws here: brainly.com/question/397668

4 0
2 years ago
The stock in Up-Towne Movers is selling for $46.00 per share. Investors have a required return of 11.1 percent and expect the di
Dimas [21]

Answer:

From the calculation below Up-Towne Movers just paid a dividend of $3.13

Explanation:

The price of share=D1/r-g

The Do is the dividend just paid which is the unknown in the equation

g is the dividend growth rate of 4.3%

r is the required return of 11.1%

The share price is $46.00

$46=Do/(11.1%-4.3%)

46=Do/0.068

by cross-multiplication the equation becomes

$46*0.068 =Do

Do=$46*0.068

Do=$3.13

The dividend just paid by Up-Towne Movers is $3.13 as calculated above from the share price equation

8 0
3 years ago
A common procedure to determine the value of a merger candidate is to estimate the present value of discounted cash flows and th
MAXImum [283]

Answer:

Logical scenarios

Explanation:

When there has to be a deal of merger, then their is evaluation of the value of entity to be merged. At times the merger takes place between different companies, where they both loose their respective identities, and form a new company joining both.

In that case, evaluation is done, by discounting the value of expected cash flows to be earned.

It is possible most of the times, but in logical scenarios, this is not feasible, as there are many factors changing with the practical implementation of merger.

As the tax rate of identity might change, the expected sales, might increase or decrease. The managerial payments might fluctuate than the expected change. Also, the expenses of running the company might also change.

6 0
3 years ago
Using word of mouth for finding a job is helpful because _____.
leonid [27]
So that you can talk to the person offering the job
7 0
3 years ago
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