Western company should record inventory at net realizable value that is $400,000. The lower of cost and net realizable value approach may be used for individual inventory items, categories of inventory, or the total inventory for financial reporting purposes.
GAAP permits the application of LCNRV to specific items, groups of items, or the entire inventory. When determining an asset's value for the inventory accounting, the net realizable value method is frequently utilized. Accounts receivable and inventory are two of the biggest assets that a firm may disclose on a balance sheet. Both of these asset classes are valued using the NRV method.
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Roberta santos, age 41, is single and lives at 120 sanborne avenue, springfield, il 60781. Her social security number is 123-45-6789. Roberta has been divorced from her former husband, wayne, for three years. She has a son, jason, who is 17, and a daughter, june, who is 18. Jason?s social security number is 111-11-1112, and june?s is 123-45-6788. Roberta does not want to contribute $3 to the presidential election campaign fund. Roberta, an advertising executive, earned a salary from abc advertising of $80,000 in 2018. Her employer withheld $9,000 in federal income tax and $3,100 in state income tax. Roberta has legal custody of jason and june. The divorce decree provides that roberta is to.
The divorce decree provides that roberta is to pay state income tax.
What is state income tax?In addition to the federal income tax collected by the United States, the majority of individual states in the United States collect a state income tax. Some municipal governments also levy an income tax, which is frequently based on state income tax calculations. Individual income taxes are levied in 42 states and many localities around the United States.
The federal government collects federal income taxes, whereas individual states collect state income taxes where a taxpayer lives and generates income.
A state income tax is a direct tax imposed by a state on income produced within or outside of the jurisdiction. It may mean all of your money earned anywhere in your state of residence. Like federal tax, state income tax is self-assessed, which means taxpayers file required state tax returns
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Tanya’s swim club increased their $29 membership fee by $6 a year. what is the approximate percent increase in the membership fee? the approximate percent inc
The approximate percent increase is 20%
If you are trying to find n percent of x, you can estimate that percentage using the following steps. multiply the rounded numbers. divide the result by 100.
Membership fees mean the non-refundable fees payable by a member to a Cooperative society as a condition of obtaining or retaining membership in the Cooperative society and not for the member's capital or goods, services, or facilities.
In exchange for paying membership dues to the organization, these members receive benefits. membership fees provide instant and unlimited funding. membership serves as the foundation for predictable and continuous funding. membership gives people the opportunity to develop a close and lasting relationship with the organization.
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The purpose of a situation analysis is to evaluate a firm's ________.
It examines a business's current and potential customers and how they respond to the company's products and services.
What is customers?A customer is the beneficiary of an item, service, product, or idea - gained from a seller, vendor, or supplier via a financial transaction or exchange for money or some other valuable consideration - in sales, business, and economics.
A client is defined as someone who purchases goods or services from a store, restaurant, or other retail seller. A customer is someone who goes to an electronics store and purchases a television.
A client is defined as someone who purchases goods or services from a store, restaurant, or other retail seller. A customer is someone who goes to an electronics store and purchases a television.
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In describing what adaptive expectations means to a friend, you explain that in order to make their economic condition forecasts, agents?
In describing what adaptive expectations means to a friend, you explain that in order to make their economic condition forecasts, agents "Consider only the past and ignore current information". (Option C)
What are adaptive expectations?An hypothesized process by which individuals construct their expectations about what will happen in the future based on what has already occurred is known as adaptive expectancies in the field of economics.
For instance, if someone wants to predict the rate of inflation in the future, they may look at historical inflation rates to deduce some trends, and the more years they take into account, the more accurate their prediction would be.
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Full Question:
In describing what adaptive expectations means to a friend, you explain that in order to make their economic condition forecasts, agents?
A) Use both past and current information
B) Consider only current information and ignore the past
C) Consider only the past and ignore current information
Bonds can earn income through interest payments and capital gains.
a. true
b. false
Bonds can earn income through interest payments and capital gains. This statement is true.
Bondholders generally earn income both from interest and from capital gains too. The primary reasons for owning bonds are the income provided by them and also the stability brought by them to an investment portfolio. From 1996 through 2005, the bond market outperformed the stock market by a very slim margin.
Bonds varies among a number of investments known as fixed-income securities. They are the obligations of debt, means that the investor loans a sum of money i.e the principal to a company or a government for a set period of time, and in return of it
It receives a series of interest payments i.e. the yield. When the bond reaches its maturity, the principal is returned to the investor.
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________ are usually purchased more frequently than other categories of consumer goods. this type of products is also widely available and consumers usually do not engage in much brand comparison.
Convenience goods are usually purchased more frequently than other categories of consumer goods. This type of product is also widely available and consumers usually do not engage in much brand comparison.
The objects that are offered frequently, without delay, and with minimal buying efforts are convenience items. These include sweet, ice cream, bloodless drinks, cigarettes, magazines, drug treatments, and so forth. The shops that keep the convenience goods are referred to as comfort stores. Frequently convenience goods are nondurable.
Comfort items are often purchased via habit or impulse and are fantastically less expensive. Pricing is important for comfort goods to ensure that call for them among consumers does now not wane with the ebbs and flows of mainstream markets.
Convenience goods are the ones that can be regularly consumed and are quite simply available for buy. Those goods are normally offered by means of wholesalers and retailers and consist of objects consisting of milk and tobacco merchandise.
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When inventories increase during the period, income under variable costing will be ______ under absorption costing.
When inventories increase during the period, income under variable costing will be "less than" under absorption costing.
What is variable costing?Some features of variable costing are-
In managerial & cost accounting, the notion of variable costing refers to the exclusion of fixed manufacturing overhead from the brand of production. The approach stands in contrast to absorption costing, which allocates the fixed production costs to the output of products. Variable costing is not allowed to be utilized in financial reporting under accounting standards like IFRS and GAAP.What is under absorption costing?Some key features of under absorption costing are-
Anything that comprises a direct cost of creating a good is included in the cost base through absorption costing. Fixed overhead costs are also accounted for in the product costs by absorption costing. Wages paid to those who actually make the product, all raw materials required to make it, and all overhead expenditures including all utility bills) incurred during production are only a few of the costs involved in product manufacturing.To know more about Variable costing, here
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A budget provides a means of allocating resources among competing uses.
a. True
b. False
A budget provides a means of allocating resources among competing uses. This statement is true.
A budget is a detailed plan which shows the financial consequences of operating activities of an organization for a specific future period. A budget acts as a financial model which summarizes the future operations.
Budgets are generally viewed as a core component of planning and control system of an organization.
The budget is defined as formal quantitative expression of the goals of management. The act of making a budget is called budgeting. When the budgets are used to assist management in the controlling process is called budgetary control.
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Anita is a new buyer. luckily, ______ will help her before the sale and can reimburse her after the sale if a title issue arises.
Anita is a new buyer. luckily her title insurance will help her before the sale and can reimburse her after the sale if a title issue arises.
Insurance is a manner to manage your risk. whilst you buy insurance, you buy protection in opposition to unexpected financial losses. The insurance company pays you or someone you choose if something awful takes place for you. when you have no coverage and an accident occurs, you'll be answerable for all related costs.
The six maximum commonplace types of car insurance are automobile legal responsibility coverage, uninsured and underinsured motorist coverage, comprehensive insurance, collision insurance, clinical bills, and personal damage protection.
Amongst country-wide insurers, USAA has the most inexpensive fees, at $36 per month, with country Farm in 2d location, at $44 consistent per month. The cheapest nearby employer is Farm Bureau, at $39 according to month.
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What index is used to measure the average prices paid by a typical family?
The index that is used to measure the average prices paid by a typical family is the consumer price index (CPI). This is further explained below.
What is the consumer price index?Generally, Average price changes paid by urban consumers for a market basket of consumer goods and services are tracked by the Consumer Price Index (CPI). Indexes for the United States and other regions are available.
In conclusion, The Consumer Price Index (CPI) is used to quantify the average cost of living for a typical household (CPI).
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To apply the dividend growth model to a particular stock, you need to assume that the firm's ___ will grow at a constant rate.
To apply the dividend growth model to a particular stock, you need to assume that the firm's Dividend will grow at a constant rate.
The dividend growth rate is the annual rate of growth that a particular stock's dividends experience over a specified period of time. Many mature companies strive to consistently increase the dividends they pay out to investors. Knowing the dividend growth rate is an important input into the stock valuation model known as the dividend discount model.
To use the dividend discount model, we need to calculate the dividend growth rate. The dividend discount model is a type of stock price model. The dividend discount model assumes that expected future dividends (discounted by the excess of internal growth over the company's expected dividend growth rate) determine the price of a particular stock.
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In the bcg matrix, when a division of an organization has a high relative market share and is in a fast-growing industry, it is called a:________
In the BCG matrix, when a division of an organization has a high relative market share and is in fast-growing industry. It is called a Star.
The BCG growth-share matrix is a device used internally through control to assess the current kingdom of value of a company's units or product lines. The growth-proportion matrix aids the enterprise in figuring out which merchandise or gadgets to either hold, sell, or invest greater in.
BCG matrix (also known as growth-share Matrix) is a portfolio making plans version used to analyse the goods in the business's portfolio in step with their growth and relative marketplace proportion. The model is based totally on the commentary that a corporation's business units can be classified into four classes.
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Explain the mainstream theory of the business cycle. the mainstream business cycle theory is that ______ grows at a steady rate while ______ grows at a fluctuating rate.
Explain the mainstream theory of the business cycle. The mainstream business cycle theory is that potential GDP grows at a steady rate while aggregate demand grows at a fluctuating rate.
The most recent iteration of the traditional idea of economic fluctuations is real business cycle theory. It assumes that the rate of technological advancement is subject to significant random fluctuations. People sensibly adjust their levels of labor supply and consumption in response to these swings.
Real business cycle theory is a group of new classical macroeconomic models where real shocks are used to explain business cycle fluctuations. Owners can make wise business judgments by comprehending business cycles. They can guess when to brace for a downturn and seize an expansion by keeping an eye on the economy's health and paying heed to recent economic forecasts.
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A manager is concerned that there isn’t enough time spent on production and too much time spent on setups. The manager decides to double all production batch sizes. This change has no impact on demand. What impact will this likely have on the average inventory in the process?.
It will result in an increase in average inventory as larger batches require more time to be completed.
What is Operations Management?
Operations management (OM) is the administration of business practices within an organization to achieve the highest level of efficiency possible. It is concerned with converting materials and labor as efficiently as possible into goods and services in order to maximize an organization's profit.
At its most basic, management is a discipline comprised of five general functions: planning, organizing, staffing, leading, and controlling. These five functions are part of a larger set of practices and theories about how to be a good manager.
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Nations or entities that have agreements to set market price and market share are called _______________ .
Nations or entities that have agreements to set market price and market share are called monopoly. A market condition where one business controls all of the market share and the prices and output is referred to as a monopoly.
Rarely do pure monopolies exist, but when they do, antitrust rules do apply when some entities control sizable amount of market. When one supplier offers a specific commodity or service to lots of customers, there is a monopoly. In a dominating corporation, or monopoly, has complete control over market and hence determines the supply and price of an item or service.
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An economy producing below potential output is considered to be operating in a(n) ______ gap.
An economy producing below potential output is considered to be operating in a(n) inflationary gap.
An inflationary gap measures the distinction between the cutting-edge stage of actual GDP and the GDP that would exist if an economic system changed into operating at full employment. For the space to be taken into consideration inflationary, the modern-day real GDP has to be better than the potential GDP.
For instance, let's say there's a national economic system that is generating 10,000 gallons of milk in step with week. However, the aggregate weekly demand for milk is 15,000 gallons. This means there is an inflationary gap of five,000 gallons of milk consistent with the week.
Excess demand or inflationary gap is an extra aggregate call for over and above the degree required to keep complete employment equilibrium within the financial system.
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What percentage of the u.s. gross national product is accounted for by healthcare costs?
The U.S. spends a higher percentage of its GDP on healthcare than any other country (16-17% of GDP).
GDP on HealthcareThe National Health Expenditure Accounts (NHEA) are the official calculations of total health care spending in the U.S. Dating back to 1960, the NHEA measures annual United States expenses for health care goods and services, public health activities, government management, the net cost of health insurance, and asset related to health care. The information is presented by type of assistance, sources of funding, and type of sponsor.
U.S. health care spending rose 9.7 percent in 2020, acquiring $4.1 trillion or $12,530 per person. As a percentage of the nation's Gross Domestic Product, health expenditure accounted for 19.7 percent.
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_____________ occurs when circumstances have allowed several large firms to have all or most of the sales in an industry.
An oligopoly occurs when circumstances have allowed several large firms to have all or most of the sales in an industry.
Oligopoly markets are markets dominated with the aid of a small range of suppliers. They can be determined in all international locations and throughout a large range of sectors. some oligopoly markets are aggressive, even as others are appreciably much less so, or can as a minimum seem that way.
A number of the most exquisite oligopolies within the U.S. are in film and television production, recorded track, wi-fi companies, and airlines. for this reason the 1980s, it has become greater, not unusual for industries to be ruled with the aid of or three companies. Merger agreements among foremost gamers have ended in industry consolidation.
An oligopoly is a market structure in which a market or enterprise is ruled by means of a small wide variety of big sellers or manufacturers. Oligopolies regularly end result from the choice to maximize profits, leading to collusion among corporations.
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Is a means of displaying or graphing, in two or more dimensions, the location of products, brands, or groups of products in customers' minds
Perceptual mapping Is a means of displaying or graphing, in two or more dimensions, the location of products, brands, or groups of products in customers' minds.
A perceptual map is a diagram that companies use to show how their customers perceive various goods, services, or brands. It develops a perspective for how your primary users see the relative positioning of other items or brands within the larger ecosystem by gathering aggregate customer data. The X-axis and Y-axis make up the two dimensions of the perceptual map. A corporation can better understand its clients by plotting consumer perceptions on these axes.
A perceptual map is used to track consumer perceptions of and responses to various brands, goods, services, and other market offers. Because it enables organizations to examine their market and customers in a variety of ways, perception mapping is crucial. For instance, target consumer groups can assist firms in making modifications to the functioning and design of their products to better suit their interests and demands.
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Under armour developed dynamic advertising, sponsorships of sports leagues, a creative web site and celebrity spokespeople to promote their sports and clothing products. under armour is engaged in:___.
Under armor developed dynamic advertising, sponsorships of sports leagues, a creative web site and celebrity spokespeople to promote their sports and clothing products. under armor is engaged in Integrated Marketing Communications. The process of merging marketing communication components including public relations and social media is known as integrated marketing communication (IMC).
Audience analytics, business development principles, and advertising into a brand identity that is consistent across multiple media channels. As previously stated, Integrated Marketing Communications can coexist with the five primary communication tools. Coke's share a coke with' campaign, which used unified messaging across TV, Social, Outdoor, and Display, led to a 7% increase in Coke consumption.
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If you encounter a team member expressing anger over a change, how should you respond?
If you encounter a team member expressing anger over a change, how should you respond an emphasis on calm, professional manner in dealing with it
How angry does the person get over the matters or issues?
When a person expresses anger out of proportion to small or insignificant matters that seem to be the cause, there’s usually something more involved in the situation. Listen carefully to the person. Try to assess the person’s assumptions and identify the patterns and interactions that are producing the excessive response. Your tone ought to be calm but not patronizing toward the person who is angry ?
Dealing with Anger in the Workplace :
Managing anger requires not only a reactive approach to bad behavior, but also a proactive one. In other words, to prevent anger from occurring in the first place, your workplace should set a standard regarding people’s behavior and how the business will handle it.
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__________ are companies that excel at solving problems, seeking and finding new approaches, and sharing new knowledge.
Learning organizations are companies that excel at solving problems, seeking and finding new approaches, and sharing new knowledge.
A learning organization in business management is a business that supports its employees' learning and undergoes constant change.
Peter Senge and his colleagues' efforts and study led to the formulation of the idea.
Modern firms may grow learning organizations as a result of these pressures, which helps them stay competitive in the marketplace.
Those that work for a learning organization gain:
sustaining innovation levels and remaining competitivehaving the ability to more effectively match resources with consumer needsenhancing production quality at all levelsenhancing the corporate image by emphasizing peopleIncreasing the organization's rate of changeenhancing the organization's sense of communityEnhancing knowledge exchange and long-term decision makingHence, Learning organizations are companies that excel at solving problems, seeking and finding new approaches, and sharing new knowledge.
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According to your text, sales promotions such as free samples and point-of-purchase displays are designed to build.
According to your text, sales promotions such as free samples and point-of-purchase displays are designed to build short term sales.
What is short term sales?An asset or stock that the seller does not own is sold in a short sale. The typical transaction involves an investor selling borrowed securities in expectation of a decrease in price; the seller is then obligated to deliver the same number of shares at a later date. In contrast, a seller holds a long position in the stock or securities.Because short sells restrict gains while amplifying losses, they are regarded as dangerous trading techniques. Additionally, they come with regulatory hazards.To be successful, short sales need to be timed almost perfectly.to know more about short term sales with the given link
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What is the best way for a department supervisor to inform management that one employee outperforms other employees on the team, and deserves a pay increase?
The best way for a department supervisor to inform management that one employee outperforms other employees on the team, and deserves a pay increase is to provide details showing that the employee's performance is in the best interest of the company. Department Supervisors are seen in various companies where they fulfil tasks related to staff and its activity. Activities such as recruiting and training employees, appraising job results, allocating resources, and attending educational opportunities to improve job knowledge.
What is management?Management is the coordination and organisation of tasks to achieve a goal. Such organisatiinal activities include setting the organization's strategy and coordinating the efforts of staff to accomplish these objectives through the application of available resources.
Therefore, the correct answer is as given above.
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When people speak about the bottom line, they are referring to:______.
a. gross profit
b. net profit
c. gross margin
d. gross margin
When people speak about the bottom line, they are referring to net profit.
The final line of the income statement is referred to as the bottom line. Net income is the last item on the line. It is the remaining profit a business has after covering all of its costs.
Net income is sometimes known as "net profit."
Total income less the cost of products sold is referred to as gross profit.
The total pre-tax earnings from the operating activity are referred to as operating profit. It is calculated by subtracting items from the gross profit that are classified as "selling, general, and administrative expenses."
When someone uses terms like "gross profit" or "operational profit," they can be referring to the actual amount stated in a particular currency or they might be referring to a financial ratio called a "profit margin," which is calculated by dividing profit by revenue.
Hence, net profit is the answer.
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In a promotion mix, ________ occurs when firm's sales force make individual presentations to consumers for the purpose of making sales and building customer relationships.
In a merchandising blend, Personal purchaser interactions occurs while firm's income pressure make individual presentations to purchasers.
Relationship advertising refers to the advertising strategy of cultivating extra significant relationships with customers to make certain long-time period pleasure and emblem loyalty. relationship advertising is not approximately short-term wins or sales transactions — alternatively, it focuses on delighting customers for the lengthy haul.
The marketing helps inform consumers and business clients about the employer's products and services. ultimately, income reps call on customers or business customers to close the deal. Small organizations can also use either extra advertising or extra promoting, which in large part relies upon upon the nature of the agencies.
Three keys to building consumer family members:
apprehend and meet your customers' hierarchy of wishes. You can not create an real, long-lasting connection without information the alternative person. Prioritize consistency specially else. spend money on emotional connections, no longer just purchaser pleasure.learn more about customer relationships here: https://brainly.com/question/25656282
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When comparing alternatives with different cash flow amounts paid in different time periods, you should convert all of the amounts to their ____________ to make a better comparison.
Cash flow amounts paid in different time periods, you should convert all of the amounts to their Present value to make a better comparison.
Present value with prevailing discount rate make comparison better while evekuating different alternatives which involve different cash flow in different time period.
Cash waft refers to the internet stability of cash getting into and out of a enterprise at a selected factor in time. cash is constantly moving into and out of a enterprise. as an example, while a store purchases inventory, cash flows out of the commercial enterprise in the direction of its suppliers.
Cash waft from operations is created from expenses made as a part of the everyday course of operations. Examples of those coins outflows are payroll, the value of goods offered, lease, and utilities. cash outflows can vary drastically whilst enterprise operations are fantastically seasonal
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Medicare covers about______of the out of-pocket medical expenses of older people.
a.+80%
b.+50%
c.+25%
d.+10%
Medicare covers about 50% of the out of-pocket medical expenses of older people.
Medicare is our nation's health insurance program for people 65 and under who receive Social Security disability benefits. This program helps with medical costs, but it does not cover all medical costs or most long-term care costs.
Medicare provides health insurance to individuals over 65 or severely disabled, regardless of income. On the other hand, Medical (a state-owned and funded Medicaid program in California) serves very low-income families, pregnant women, and the visually impaired, among others.
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When assessing for criteria that signify malnutrition risk, which element would most likely be included as part of the functional assessment data?
Generalized weakness element would most likely be included as part of the functional assessment data.
What is Generalized weakness?You have generalized weakness if you feel weak in most of your body. Another sort of weakness may affect only one or a few muscles. You may feel weak and exhausted after engaging in excessive exertion, such as a lengthy hike. This is not a major issue. It frequently goes away on its own.
Generalized weakness is frequently associated with fatigue2 or low blood pressure. It may also be related to endocrine issues. Several medical publications have linked several illnesses to acute weakness noticed in the emergency room.
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The __________ approaches her social world with practical knowledge, whereas the __________ approaches the world by using reasoning and questions to gain deeper insights.
The everyday actor approaches her social world with practical knowledge, whereas the social analyst approaches the world by using reasoning and questions to gain deeper insights.
A social media analyst is a person who always assesses your logo's owned statistics, campaign and content material performance and social listening statistics, and interprets all of it inevery day actionable business tips.
An analyst gathers, interprets, and makes use of complex records day-to-day to develop actionable steps as a way to improve strategies and optimize consequences. She or he assesses organization and client wishes, gets strong facts, and analyzes it, looking for telltale trends or areas for development.
Social Media Analyst collects and analyzes data day-to-day social media advertising campaigns. Assists groups in figuring out suitable social media channels for their specific enterprise needs, and tailors campaigns every day for the target audience.
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