Assume that futures market prices are set in accordance with the theory of normal backwardation. At the point when positions are initially established by hedgers and speculators, their expectations about profits for the positions they took in the futures market are such that:. a. Their expectations will be based on whether they consider the current futures prices to be overvalued or undervalued.
b. Speculators expect a profit and hedgers expect a loss.
c. Hedgers expect a profit and speculators expect a loss.
d. Hedgers and speculators both expect a profit.

Acrosswalk_when there are no pavement markings.

Which of the following differentiates cost accounting and financial accounting? a. the primary users of cost accounting are the investors, whereas the primary users of financial accounting are the managers. b. cost accounting measures only the financial information related to the costs of acquiring fixed assets in an organization, whereas financial accounting measures financial and nonfinancial information of a company's business transactions. c. cost accounting measures information related to the costs of acquiring or using resources in an organization, whereas financial accounting measures a financial position of a company to investors, banks, and external parties. d. cost accounting deals with product design, production, and marketing strategies, whereas financial accounting deals mainly with pricing of the products.

Describe the three different ways the argument section of a cover letter can be formatted