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Business, 12.02.2021 14:00 shaniqwakirkseyniqwa

The president of the company, Octavio Azucar, goes to a commodity sale once a month where he buys and sells sugar in bulk. Azucar uses a local warehouse for storing his sugar inventory. This warehouse charges $10 per average ton of sugar stored per month (based on the average between the beginning and ending inventory each month). The warehouse guarantees Azucar the capacity to store up to 400 tons of sugar at the end of each month. Azucar estimates the price per ton of sugar in each of the next six months to be $135, $110, $150, $175, $130, and $145, for both buying and selling

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The president of the company, Octavio Azucar, goes to a commodity sale once a month where he buys an...

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