Congratulations! you have just been hired by refiners-r-us. as part of your initial training, you have been asked to analyze two crude oils that they are considering for refining operations. calculate the profit per barrel for each crude oil, crude x and crude y. the cost of crude x is $65 per barrel and the refining costs are $3.25 per barrel. the cost of crude y is $60 per barrel and the refining cost is $3.75 per barrel. which, if either, of the crude oils is profitable to refine at current prices?

The refining margin for crude X is $3.5 per barrel, and that of crude Y is $3.75 per barrel.

Since the Refining Margin for crude Y is higher, it is more profitable to refine at current prices. The reason behind this is that a higher refining margin means a higher selling price for that product.

We need to determine the refining margin for each of the products to determine which is more profitable to refine.

We use the following formula to determine refining margin

c

explanation:

c because the item on a bank statement is also referred to as an account statement. in addition, it provides the beginning balance, ending balance, statement date, transaction date for each transaction, payee, customer name and address, statement period, the account holder's account number, and the bank's customer service number

these are the four factors that influence enterpreneurship development

1. economic development

2. culture

3.technological development

4. education