What Is the Closing Value on This Day for One

question 25

Multiple Choice

What is the closing value on this day for one March futures contract on ethanol?
Ethanol - 29,000 U.S. gallons:
u.S. dollars and cents per gallon

• A)$49,300
• B)$49,387
• C)$49,416
• D)$1.703 million
• E)$1.704 million

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Definitions:

Variable Costs

Costs that vary in direct proportion to changes in the level of production or sales volume, such as materials and labor.

Break-Even Analysis

A calculation to determine the point at which revenue received equals the costs associated with receiving the revenue, helping businesses to identify profitability thresholds.

PERT

An acronym for Project Evaluation and Review Technique, a project management tool used to plan, schedule, and control large projects.

Performance Milestone

Specific goals or targets reached in the progression of a project or performance of an individual or team, marking significant achievements or stages of development.