In September of 2014,Gunny Corporation Anticipates That the Price of Heating

question 10

Essay

In September of 2014,Gunny Corporation anticipates that the price of heating oil will increase soon,and wishes to lock in a firm price for the winter months.They enter into a forward contract with Selton Industries to buy 100,000 barrels of oil at $160 per barrel in December 2014.Selton's cost of production of the heating oil is $120 per barrel.
Required:
Determine the economic impact of the transaction to Selton (the seller of the heating oil)at the market price levels indicated in the table below,with and without the hedge.

Understand the role of environmental psychology in designing interventions to reduce resource consumption.

Recognize the importance of social and environmental factors in the development and resolution of commons dilemmas.

Assess the impact of personal and societal choices on environmental sustainability.

Explore theoretical frameworks and research methodologies in environmental psychology.

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Definitions:

Affordable Care Act

A comprehensive health care reform law enacted in 2010 in the United States to increase health insurance quality and affordability.

Health Care Consumers

Individuals who seek, use, or are potential users of health care services, including patients and their families.

Insurance Coverage

The amount of risk or liability that is covered for an individual or entity by way of insurance services.

Health Care Security Act

A legislative proposal aimed at reforming the healthcare system to increase coverage and security for health services.