The 6-month futures price for oil is $96.60 per barrel (or 2.30 cents per gallon). The 6-month futures prices for gasoline and heating oil are 2.50 cents and 2.15 cents, respectively. What is the gross margin on a simple 3-2-1 crack spread?
A) $0.25
B) $0.35
C) $0.54
D) $0.68
A
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Of the competing values framework, _________________culture focuses on flexibility and discretion with an external emphasis. These organizations are fast moving and the quickest to adapt to changing markets.
a. Hierarchy b. Adhocracy c. Market d. Clan
The direct strategy would be most appropriate when A) delivering bad news
B) presenting ideas requiring persuasion. C) expecting the audience to be pleased, mildly interested, or neutral. D) revealing sensitive news.
In some industries it is a routine practice to draft contracts permitting imperfection in the seller's goods, thereby limiting the effect of the perfect tender rule by the parties' agreement
a. True b. False Indicate whether the statement is true or false
Maximization of shareholder wealth
A) provides benefits to society as scarce resources are directed to their most productive use. B) is not a practical goal since it cannot be measured effectively. C) is achieved only if cash flows exceed accounting profits. D) represents a zero sum game in which one corporation gains at the expense of others.