Use the Information for the Question(s)below

question 40

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.
-Assuming you currently have 10,000 Bbls of WTI crude,the total benefits to you if you were to sell the 10,000 Bbls of WTI crude and use the proceeds to purchase and refine ANS crude is closest to:

• A)$730,600
• B)$770,000
• C)$771,400
• D)$773,908
• E)$775,000

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Definitions:

Voting Trust

A legal arrangement where shareholders' voting rights are transferred to a trustee, typically to consolidate control over a company for a specific period.

Corporate Control

The ownership structure or management practices that determine the decision-making process within a corporation, often related to the possession of a substantial portion of the company's stock.

Shareholder Voting Agreements

Contracts among shareholders of a corporation where they agree on how they will vote their shares on certain matters.

Voting Trusts

Legal arrangements where shareholders' stock is transferred to trustees, who vote on the shareholders' behalf.