In September 2021, Lynd Company buys March 2022 futures contracts for 1,000,000 pounds of frozen concentrated orange juice that it needs for its production in 2022. Lynd has a December 31 calendar year. During 2021, both the price of orange juice and Lynd's futures contracts decline in value. If the futures contracts decline by $52,000 during 2021 and remain at the same level until the contract expires in March 2022, Lynd would

answer; property tax payment made in july and december;

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answer; sensory adaptation;

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.