What Is the Difference in the Value of One November

question 64

Multiple Choice

What is the difference in the value of one November heating oil contract between this day's opening and closing prices?
$\begin{array}{llll}\text { Contact } & \text { Open } & \text {High} & \text { Low}& \text { Close}\\\text { Nov, Heating oil, 42,000 gal, \$ }&3.6703& 3.7489 &3.6652& 3.7342& \\\text { and cents/gal}\\\text {Nov, Crude oil, 1,000 bbls, \$ and }&\text {122.71} &124.50 &122.70 &124.40 \\\text { cents/bbl}\end{array}$

• A)$6.39
• B)$24.948
• C)$2,494.80
• D)$2,683.80
• E)$5,940.00

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Definitions:

Tangible Asset

An asset with physical form and value, such as machinery, buildings, or land.

Goodwill

An intangible asset that arises when a business is acquired for more than the sum of its fair value of identifiable assets and liabilities, representing items like reputation or brand value.

Franchisor

The parent company that develops a product or business process and sells the rights to franchisees.

Business Process

A series of steps performed by a group of stakeholders to achieve a concrete goal, typically involving defining, measuring, analyzing, improving, and controlling processes.