What is the change in the value of seven November heating oil contracts for the prices displayed?HighLow Close3.7489 3.6652 3.7324ContractOpenNov, Heating oil, 42,000 gal, $ and cents/gal 3.6730Nov, Crude oil, 1,000 bbls. $ and cents/bbl 122.71124.50 122.70 124.40

Price Change: We can see the price went from an open of $3.6730 per gallon to a close of $3.7324 per…

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Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Jordan Cameras, Incorporated manufactures two models of cameras. Model ZM has a zoom lens; Model DS has a fixed lens. Jordan uses an activity-based costing system. The following are the relevant cost data for the previous month: Direct Cost per Unit Direct materials Direct labor Category Unit level Batch level Product level Facility level Total Estimated Cost $ 25,960 49,920 90,000 180,000 $ 345,880 Model ZM $ 20.70 29.40 Cost Driver Model DS $7.00 9.00 Number of units Number of setups Number of TV commercials Number of machine hours Amount of Cost Driver ZM: 2,500 units; DS: 9,300 units ZM: 26 setups; DS: 26 setups ZM: 14; DS: 11 ZM: 300 hours; DS: 600 hours Jordan's facility has the capacity to operate 2,700 machine hours per month. Required a. Compute the cost per unit for each product. b. The current market price for products comparable to Model ZM is $118 and for DS is $68. If Jordan sold all of its products at the market prices, what was its profit or loss for the previous month?…
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The average price of a gallon of gas in 2018 increased $0.30 (12.4 percent) from $2.42 in 2017 to $2.72 in 2018. Let's see whether these changes are reflected in the income statement of Bronze, Incorporated for the year ended December 31, 2018 (amounts in billions). Revenues Costs of Purchased Crude Oil and Products Other Operating Costs Income before Income Tax Expense Income Tax Expense Net Income 2018 $ 252 144 76 32 9 $ 23 Required 1 Required 2 Required 3 Required 4 Required: 1. Compute the gross profit percentage for each year. Assuming the change from 2017 to 2018 is the beginning of a sustained trend, is Bronze likely to earn more or less gross profit from each dollar of sales in 2019? 2. Compute the net profit margin for each year. Did Bronze do a better or worse job of controlling expenses other than the costs of crude oil and products in 2018 relative to 2017? 3. Bronze reported average net fixed assets of $366 billion in 2018 and $364 billion in 2017. Compute the fixed asset…

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What is the change in the value of seven November heating oil contracts for the prices displayed? High Low Close 3.7489 3.6652 3.7324 Contract Open Nov, Heating oil, 42,000 gal, $ and cents/gal 3.6730 Nov, Crude oil, 1,000 bbls. $ and cents/bbl 122.71 124.50 122.70 124.40