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Arisa [49]
3 years ago
9

Southern Fuel has an inventory of 756,000 gallons of heating oil. The futures contracts on heating oil are based on 42,000 gallo

ns. If the firm wishes to fully hedge its inventory, it should take which one of the following positions in heating oil futures contracts? Multiple Choice long on 16 long on 17 short on 18 short on 19 short on 20
Business
1 answer:
Verdich [7]3 years ago
6 0

Answer:

short on 18

Explanation:

The computation is shown below:

= Number of gallons of heating oil ÷ future contracts based on heating oil

= 756,000 gallons ÷ 42,000 gallons

= 18

It shows a ratio between the number of gallons of heating oil and future contracts based on heating oil so that the correct position in heating oil futures contracts can come and the same is presented above.

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Dmitry [639]

Answer:

I do not understand the letters of which you are writing.

5 0
3 years ago
Sheridan Company has recently tried to improve its analysis for its manufacturing process. Units started into production equaled
klemol [59]

Answer: $3.40

Explanation:

Based on the information given in the question, the materials cost per unit will be calculated thus:

First, we'll calculate the completed units which will be:

= 18500 - 1400

= 17100

Ending inventory = 1400 units

Equivalent Production Unit with respect to Material = (17100 x 100%) + (1400 x 100%)

= 18500 Units

Material Cost Per Unit will be:

= Total Material Cost / Equivalent Production Unit

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7 0
3 years ago
Define bank run in your own words.​
lina2011 [118]

Answer:

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5 0
3 years ago
Company ABC reported the following: 1. Net Income: $110,000 2. Return on Sales (Net Income/Sales): 3.56% 3. Gross Profit Percent
Sergeeva-Olga [200]

Answer:

$2,266,123.60

Explanation:

As it is given

Return on sales = Net income ÷ Sales

3.56% = $110,000 ÷ Sales

So, the sales is  $3,089,887.64

Now the Gross Profit percentage is

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26.66% = Gross profit ÷ $3,089,887.64

So, the gross profit

= $823,764.044

Now the cost of goods sold is

= Sales - gross profit

=  $3,089,887.64 - $823,764.044

= $2,266,123.60

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3 years ago
_____ refers to training employees on overseas work assignments to work through national and cultural boundaries. validation adv
dsp73
<span>Cross cultural preparation refers to training employees on overseas work assignments to work through national and cultural boundaries.
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3 years ago
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