Use the Information for the Question(s)below

question 17

Multiple Choice

Use the information for the question(s) below.
As an oil refiner,you are able to produce $76 worth of unleaded gasoline from one barrel of Alaska North Slope (ANS) crude oil.Because of its lower sulfur content,you can produce $77 worth of unleaded gasoline from one barrel of West Texas Intermediate (WTI) crude.
-Another oil refiner is offering to trade you 10,150 Bbls of Alaska North Slope (ANS) crude oil for 10,000 Bbls of West Texas Intermediate (WTI) crude oil.Assuming you currently have 10,000 Bbls of WTI crude,the added benefit (cost) to you if you take the trade is closest to:

• A)($1400)
• B)$1400
• C)($3908)
• D)$3908
• E)$2508

---

Definitions:

Money Order

A money order is a payment order for a pre-specified amount of money, serving as a method of transferring or sending money safely where the use of checks or cash is not possible or advised.

Negotiable Instrument

A written document guaranteeing the payment of a specific amount of money to a specified person or the bearer, under certain conditions.

Bookkeeping Practices

The systematic recording, organizing, and maintaining of financial transactions for a business or individual.

Toner Adhesion

The process by which toner powder in laser printers and copiers bonds to the paper, often involving heat and pressure to ensure the print is fixed and durable.