Top Posters
Since Sunday
G
4
K
3
m
2
c
2
r
2
p
2
s
2
s
2
b
2
c
2
R
2
c
2
Home Q & A Board Other Fields Homework Help Business
New Topic  
papahomer papahomer
wrote...
Go to Answer
Posts: 484
Rep: 0 0
7 years ago
Swenson Oil & Gas allows its customers to prepurchase heating oil in June for the coming winter. Customers who took advantage 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
A) $100,000.
B) ($100,000).
C) $200,000.
D) $0.00.
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
Authors:
Read 89 times
1 Reply
Replies
Answer verified by a subject expert
vanrheevanrhee
wrote...
#1
Top Poster
Posts: 718
Rep: 39 0
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

papahomer Author
wrote...

7 years ago
Thank you, thank you, thank you!
sudenzia
wrote...

Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
husne
wrote...

2 hours ago
Correct Slight Smile TY
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1200 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 46
  
 53
  
 45
Your Opinion
Which of the following is the best resource to supplement your studies:
Votes: 300
Previous poll results: What's your favorite math subject?