Guido and hal want to rescind their contract under which Guido sold hal a mountain bike for $100. To rescind the contract. Guido must return the $100 and Hal must return the bike.
What do you mean by contract?A contract is an enforceable legal arrangement that establishes, details, and regulates the rights and duties of the parties. The transfer of commodities, services, money, or a promise to transfer any of those at a later time are common components of contracts.The damaged party may seek legal remedies like damages or rescission in the event of a contract breach. The foundation of contract law, which is the area of law of obligations pertaining to contracts, is the idea that agreements must be upheld.What constitutes a contract's seven elements?Basics of contracts.Classification of contracts.Offer.Acceptance.A gathering of minds.Consideration.Capacity.Legality.Learn more about contract here:
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If a firm has a payback period of 3 years and a project has a payback period of 3. 5 years, the project should be:________
If a firm has a payback period of 3 years and a project has a payback period of 3. 5 years, the project should be rejected.
Payback period is defined as the number of years required to recover the original cash investment. In other words, the period during which a machine, plant, or other investment has generated sufficient net income to cover its investment costs.
Simply put, the payback period is calculated by dividing the investment cost until the cumulative cash flow is positive by the annual cash flow. This is the payback year.
The payback period indicates the time it takes for a company to recoup its investment. This type of analysis allows companies to compare alternative investment opportunities and select projects that will pay off in the shortest possible time when this criterion is important.
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What two types of account-contact relationships can you see in contacts to multiple accounts?
Direct Relationship and indirect relationship are the two types of account-multiple contact relationships.
The account relationship comprises the account that is sharing facts, the account this is accessing those records, and the kind of courting they have got.
Contacts to multiple bills lets you partner a unmarried contact to more than one debts through the Account contact relationship object. Your page format and field-degree security settings determine which fields are visible and editable.
Contacts are the usual dating for individuals who are underneath that Account. The 'associated Contacts' lists is a result of activating Contacts to more than one debts. this selection is used whilst contacts work at different corporations and gets rid of the need for duplicates.
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On a financial television show, paz hears the announcer say that the country is currently experiencing a high inflation rate. how will this most likely affect paz’s investments?
Paz observes the announcer on a financial television program state that the nation is now facing a high inflation rate.
A. With the current high inflation rate, the value of Paz’s investments will possibly not grow at the same rate as the general level of inflation.
What does it indicate if the inflation rate is high?High inflation, therefore, is when prices for interests and items is unusually high. Customers can therefore get less for their money when purchasing. Although a little inflation can be flattering, it can also hurt individual finances, counting on the circumstances.
Why is high inflation wrong for the economy?When inflation is high, money and non-interest bearing checking accounts are avoided because they are constantly declining in purchasing power. People will use useful economic resources (including their time and "shoe leather") to scrimp on their holdings of such money balances.
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Complete question shown below,
A. With the current high inflation rate, the value of Paz’s investments will possibly not increase at the same rate as the general level of inflation.
B. This level of high inflation guarantees higher returns on Paz’s investments, making it a very safe investment.
C. If the return on Paz’s investment is growing at a slower rate than the inflation rate, her investment will increase her purchasing power.
D. If Paz’s investment is earning 2 percent interest, but the inflation rate on goods is increasing by 5 percent, she has gained about 3 percent of purchasing power.
When the united states' foreign trading partners experience higher incomes, it benefits the u.s. by _____.
When the united states' foreign trading partners experience higher incomes, it benefits the u.s. by increasing U.S. GDP.
What is GDP?Gross domestic product (GDP) is a monetary measure of the market value of all final products and services produced by countries in a given time period. Because of its complexity and subjectivity, this metric is frequently changed before being regarded a credible indication.
As a result, GDP is defined as GDP = Consumption + Investment + Government Spending + Net Exports, or more succinctly as GDP = C + I + G + NX. Whereas consumption (C) relates to household and nonprofit organization private consumption expenditures, investment (I) refers to corporate spending.
Consumption, investment, government spending, exports, and imports are the components of GDP calculated using the expenditures approach.
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What is the probability that a new college graduate in business will earn a starting salary of at least (to 4 decimals)?
0.2296 is the probability that a new college graduate in business will earn a starting salary of at least (to 4 decimals).
Let X denotes the salary of a new college graduate in business.
P(X > 65,000} = 1− P(X < 65,000)
65111 53901
15011
=1-2
=1-P(x < 0.74)
= 10.7714= 0.2296.
The national average salary for college graduates (overall) has remained constant at about $50,000 to $60,000 for the past several years. Economics, Mathematics, Health Sciences, Engineering, and Computer Science show median annual salaries as high as $52,000 to $71,000 for him.
Specifically, while the median expected salary for a graduate was $60,000, PayScale data shows that a typical graduate with 0-5 years of experience earns $48,400 annually. College students should expect a decent salary after graduation. Ambition is good.
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What is the basic accounting principle that supports the immediate recognition of a contingent loss?
Conservatism is the basic accounting principle that supports the immediate recognition of a contingent loss.
The conservatism principle in accounting is the general concept of recognizing expenses and liabilities as soon as possible when there is uncertainty about an outcome. It also supports the immediate recognition of a contingent loss.
Approaching your financial statements using conservatism accounting ensures that they are prepared with caution. The aim of this concept is to protect investors from potentially inflated revenues and assets, and not involving or taking unnecessary risks.
Hence, the immediate recognition of a contingent loss is supported by Conservatism principle.
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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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True or false: japan generally runs a significant trade surplus because of the structural barriers against imports into japan
The statement, Japan generally runs a significant trade surplus because of the structural barriers against imports into Japan, is true.
As Japan's savings rate is high relative to Japan's domestic investment, Japan generally runs a trade surplus. Thus, the result is high net capital outflow which is matched by high net exports, resulting in a trade surplus.
Japan's overall trade surplus is the result of its exports in the scientific and optical equipment, rubric machinery, semiconductors, electronic parts, and telecommunications equipment. Now the current account surplus has been shrinking for four fiscal years in a row.
Hence, in 2019, Japan reported the biggest trade surpluses with different countries.
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A process used to develop knowledge that allows an organization to understand the actions and intentions of threat actors and develop methods to prevent or mitigate cyberattacks is known as?
A process used to develop knowledge that allows an organization to understand the actions and intentions of threat actors and develop methods to prevent or mitigate cyberattacks is known as threat intelligence.
Information on threats intelligence that has been compiled, altered, examined, evaluated, or enriched to offer the appropriate context for decision-making processes. Threat intelligence provides in-depth information about attack-related URLs, domain names, files, and IP addresses. An organization can respond to security incidents and guard against current assaults using the information.
Cyber threat intelligence is knowledge, skill, and experience-based information about the occurrence and assessment of both cyber and physical threats and threat actors, with the goal of assisting in the mitigation of prospective assaults and damaging cyberspace occurrences.
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The radical view toward fdi argues that mne's extract ______ from the host country and take them back to their home country.
The radical view toward Foreign Direct Investment (FDI) argues that multinational enterprises extract profit from the host country and take them back to their home country.
What is radical view toward FDI
The radical view linked its roots to Marxist political and economic theory. Radical writes debate that multinational companies dominate the host country’s economy and they considered that these companies are an instrument of imperialist domination. They think that these companies take profit from the host countries and don’t provide any benefit to the host countries. They also argue that multinational companies exploit the host countries’ resources and benefits.
Therefore, the radical view toward Foreign Direct Investment (FDI) argues that multinational enterprises extract profit from the host country and take them back from their home country.
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Production by a monopolist would result in the socially optimal allocation of resources if:_______.
Monopoly production will result in a socially optimal allocation of resources if the regular use of resources can continue indefinitely.
If you are regulated to produce at the production level produce where price (aka demand) intersects the marginal cost curve (P = MC). At this power level, distribution efficiency is achieved and there are no deadweight losses.
Socially optimal price is the price at which monopoly achieves allocative efficiency (DARP=MC). A fair return price is a viable alternative, as such a low ceiling price would hurt some monopolies economically. A fair return price is found if the price equals the average total cost (DARP=ATC).
The socially optimal level of pollution is the level of pollution that society would choose if all costs and benefits of pollution were fully considered.
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More choices and easily accessible information about the functionality of firms' products are creating increasingly __________ customers.
There is an increasingly sophisticated & knowledgeable customers because more availability of choices and easily accessible information about the functionality of firms' products.
What is a functionality of firms' product?This refers to the design works of a product that helps the users meet their goals and needs.
For instance, the product functionality is observed from products such as chairs or tables to the designs such as books or web interfaces, hence, the functionality varies but is everywhere.
That means that when a product design is highly functional it performs what it's expected to do and does it well.
Hence, the increasing product functionality with more availability of choices and easily accessible information about the products result to increasingly sophisticated & knowledgeable customers.
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What events cause debits to be recorded in the factory overhead account? what events cause credits to be recorded in the factory overhead account?
Factory Depreciation At purchase, the company records a debit to the machinery account and a credit to cash or accounts payable. Each year, the company will debit the factory overhead account and credit the accumulated depreciation account to reflect the annual depreciation of the machine.
What is Factory Depreciation?Factory depreciation, also known as manufacturing depreciation, refers to the decrease in the value of all assets associated with the product's manufacturing. Factory depreciation is charged as an expense as part of manufacturing overhead because it is considered an indirect cost.
Depreciation is the annual decrease in the value of an asset. It is calculated in equal annual increments over the equipment's useful life.
Depreciation expense is considered an indirect cost in the production department of a manufacturing company because it is included in factory overhead and then allocated to the units manufactured during a reporting period. The most common treatment within a business is to treat depreciation as an indirect cost.
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The magnitude of the government expenditure multiplier is ________ the magnitude of the tax multiplier.
The magnitude of the government expenditure multiplier is smaller than the magnitude of the tax multiplier.
What is the government expenditure multiplier?This is the term that is used to refer to the impact of the change in the income in the economy of a place given that the government of the place now has a change in the way that they carry out their expenditure. This is denoted by the term KG.
The government expenditure multiplier has the magnitude that is known to be smaller than the magnitude of the tax multiplier. It tells us how much the output of the nation rises given that there is a change in spending.
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How do corn products enter into the production of food what is the primary corn product used?
Corn products are used in the production of food as a result of regulations with in Federal Agriculture Improvement and Reform 1996 Act that allow farmers to choose the crops they want to cultivate.
Corn production and evolution;The main feed grains are oats, barley, sorghum, and corn. With more than 95% of all feed grain use and production in the United States going to corn, it is the most important feed grain.
Corn is farmed on more about 90 acres of land, with the Heartland region producing the largest of the commodity.The majority of the harvest is employed as the primary source of energy in animal feed.A wide range of food and commercial items, such as starch, sugars, corn oil, drinking and commercial alcohol, and fuel ethanol, are also made from corn.Higher yields resulted from advancements in technology (seeded varieties, fertilizers, herbicides, and machinery), as well as in production techniques, which led to an increase in corn production over time.Increasing corn prices and incentives on producers to expand corn acreage are the results of a strong demand towards ethanol production. By altering the corn and soybean crop rotations, farmers have frequently expanded corn area while lowering soybean plantings.To know more about corn, here
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What are the implications of using the company-wide cost of capital when the firm has multiple operating divisions with different risk levels?
A company-wide rate would be determined from the average risk of the whole firm.
If a multidivisional firm uses a company-wide cutoff rate, this rate will be too high for low-risk divisions and too low for high-risk divisions. The firm will accept only bad high-risk projects and reject good low-risk projects.
It is therefore become necessary to estimate divisional cutoff rates which will reflect the risk of each division. In addition to this because this process involves political rivalries within the firm the approach of company wide rate is used to justify ,these rates must be as comprehensible as possible.
This issue is concerned with any firm with two or more divisions that differ in risk from each other. As each division considers different investment opportunities, it must use a cost of capital to evaluate the effects of expected cash flows in differing time periods. This interest rate is also called a "cutoff" rate.
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The way income is allocated among the population is reflected in the lorenz curve. income curve. gini coefficient. income spread.
The way income is allocated among the population is reflected in the Gini coefficient.
The Gini index, or Gini coefficient, measures income distribution throughout a populace. developed by using the Italian statistician Gini in it regularly serves as a gauge of monetary inequality, measuring profits distribution or, less commonly, wealth distribution amongst a population.
The Gini index is a measure of the distribution of profits throughout a populace. A higher Gini index shows greater inequality, with excessive-profits individuals receiving plenty large percentages of the populace's general profits. Worldwide inequality, as measured by way of the Gini index.
The Gini index may be derived from the Lorenz curve framework (Lorenz, which plots the Cartesian coordinates where the abscissa is the cumulative normalized rank of earnings from the lowest to the highest
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Consider an economy described by the combined solow and romer model. if this economy is on its balanced growth path when an exogenous permanent increase in the depreciation rate occurs:________
This economy is on its balanced growth path when an exogenous permanent increase in the depreciation rate occurs, there will be an immediate growth effect.
Recall that population growth in the Solow model does not contribute to per capita income growth, which depends solely on the growth of (exogenous) technology. in Romer's model, population growth could be the source of her per capita income growth.
In the short run, increased savings and investment boost national income and output growth. Solow analyzes how increased savings and investment affect long-term economic growth. In the short run, higher savings and investment lead to higher national income and output growth in the short run.
The Solow growth model is an exogenous model of economic growth that analyzes changes in an economy's output levels over time as a result of changes in the rate of population growth, savings, and technological progress.
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If an oligopoly firm with market power that has saturated the market wants to increase sales?
It must decrease its price in order to sell more market power that has saturated the market wants to increase sales
What is oligopoly ?
An oligopoly is a market structure in the economy. The structure only has a small number of firms. Of these firms, none are a firm forerunner. This means that no single firm has more influence than any of the others on the market. The resulting power structure means that there are no advantages present, as well.
Some market structures that may seem more familiar are monopolies and duopolies. In monopolies, a single firm has what’s called monopolistic competition. This means that they are the only firm in the market, and that they are controlling it. This means that they control the entire market, and the barrier to entry prevents other firms from participating. A monopoly quantity, as the name implies, is singular.
Why does oligopoly stay stable ?
For an oligopoly to remain stable, competing companies have to see the benefit in cooperation. By collaborating, large companies in a market can increase their profits. As such, many companies tend to be more willing to cooperate with one another.
That may sound like price-fixing, though, right? Many companies will avoid blatant price-fixing through creative means. Historically, some have fluctuated their prices by following the phases of the moon. Others work together to define a price leader. Then, when the leader raises prices, all of the “competing” companies will follow their lead. This lets oligopolies avoid unethical practices such as price-fixing on paper, at the very least.
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A firm's _________ is the symbolic embodiment of all the information connected with a product or service
Why can it be difficult to use the indirect approach for a complex message that will be read on mobile devices?
Mobile advertising is an internet marketing platform directed towards a certain target market using their mobile phones and tablets. The approach is centered on connecting with clients via email, SMS, MMS, social media, and mobile applications.
Mobile advertising is a multi-channel, digital marketing strategy that uses websites, emails, SMS and MMS, social media, apps, and other mobile devices to connect with a target audience.
Promotions provided by SMS text messaging, MMS multimedia messaging, downloaded apps using push notifications, in-app or in-game marketing, mobile websites, or by using a media to scan QR codes are all examples of mobile advertising.
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Wok around the clock, inc. , sells specialty woks. In the current year it expects to incur $620,000 in variable costs and $130,000 in fixed costs to make and sell 10,000 woks at $100 each. If wok around the clock accepts a special order from hard wok cafe to purchase 1,000 woks at $75 each plus $1,200 in shipping costs, how much would it make or lose on this special order?.
It would make a revenue of $750
What is revenue ?The total amount of income earned by the sale of goods and services connected to the principal operations of the firm is referred to as revenue in accounting. Commercial revenue is often known as sales or turnover. Some businesses make money by charging interest, royalties, or other fees.
The overall cost of making and distributing a product or service to consumers is referred to as the cost of revenue. The cost of revenue is disclosed in a company's income statement. It is intended to show the direct costs related with the goods and services offered by the company.
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Assume the federal government is reducing taxes to stimulate the economy. If the fed reduces the money supply, the effectiveness of the expansionary fiscal policy will be?
If government reduces money supply, effectiveness of expansionary fiscal policy will be reduced. Recessions are treated by expansionary fiscal policy. Expanding fiscal policy involves either raising taxes or reducing spending by government.
A surplus-producing economy requires contraction. In that circumstance, a contractionary fiscal policy is best option, which would entail either raising taxes or reducing government spending. Since government spending is a part of AD, the reduction in government spending results in a reduction in total. Because lower AD will result in new short-run equilibrium with lower output, higher unemployment rate, and lower price level, it causes fall in output.
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The type of training that demonstrates how technology is improving the efficiency of many off-the-job training programs is?
The type of training that demonstrates how technology is improving the efficiency of many off-the-job training programs is Online.
Off-the-job training is a form of education in which employees attend a facility other than their place of employment to learn more about their line of work or the most recent developments in it.
In essence, this kind of training improves how well personnel carry out their duties. Off-the-job training, as contrast to on-the-job training, might take place in close proximity to the workplace or farther away, such as at a resort or training facility.
Employers can reduce distractions by holding training sessions away from the office so that employees can concentrate entirely on the information they are studying.
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What do all processes have?
a. inputs and outputs
b. equipment and facilities
c. workers and managers
d. purchased materials and services
All processes have inputs and outputs.
Every process have five components namely:
Events: Events are the conditions which are necessary to exist for the process to be performed.
Tasks: Task is the smallest unit into which the activity can be broken down into smaller parts.
Decisions: There are certain decisions which may have to be taken as the part of a process.
Inputs: A process cannot function without giving inputs. The correct inputs are just like the correct food for the process. Just like eating unhealthy food makes people unhealthy, giving wrong inputs makes the process unhealthy as well as inefficient.
Outputs: The outputs from the process must be continuously checked. It will help in measuring the effectiveness and efficiency of the process and suggesting changes whenever required.
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When a nation exports a good, its total surplus ________, and when it imports a good, its total surplus ________
When a nation exports a good, its total surplus "increase", and when it imports a good, its total surplus "increase".
What is export of goods?Exports are products and services made in one nation and offered to customers in another. Imports and exports together make up global trade.
Some key point regarding exporting are-
Modern economies rely heavily on exports because they give people and businesses access to a wide variety of new markets. Fostering economic commerce, boosting imports and exports for the advantage of all trading parties, is one of the main goals of diplomacy or foreign policy between countries.By extending operations to accommodate rising demand, exporting to overseas markets can frequently lower per-unit costs. Last but not least, businesses who export to overseas markets acquire new skills and expertise that may help them uncover cutting-edge technologies, innovative marketing strategies, and competitive insights from abroad.To know more about export of goods, here
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Describe how crashing and fast tracking can be used to compress a project schedule. What limitations could there be with each of these methods?
Techniques for compressing the schedule include Crashing and Fast Tracking. You use them to shorten your timetable and to meet a specific scheduling objective. Fast-tracking entails carrying out two tasks concurrently, even though they wouldn't typically be.
How does fast-tracking differ from crashing to compressing a project schedule?
In conclusion, the distinctions between crashing and fast tracking are as follows: Fast-tracking entails running tasks simultaneously, whereas crashing entails adding resources to a project. The increased danger is associated with quick tracking, but the increased expense is associated with crashes.
What limitations could there be with each of crashing and fast-tracking?
Fast-tracking is free but increases the risk associated with your project. Adding more resources to your project is referred to as "crashing." Having a crash costs more money. To compress your calendar the most while spending the least amount of money, you should crash such activities. method:
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An insurance company needs to obtain personal information from third part concerning an applicant which law do all insurers and their producers need to comply with?
An insurance company needs to obtain personal information from third part concerning an applicant which law do all insurers and their producers need to comply with Fair credit reporting act.
The Fair Credit Reporting Act, of U.S.A. is that allows customers the right to get knowledge on the substance, nature and sources of information collected on him and if already have any corrected information on him gets re-investigated.
The Fair Credit Reporting Act (FCRA) is a that federal law which regulates the collection of consumers' credit information and access to their credit reports also.
It was passed in 1970 to address the accuracy, fairness and privacy of the personal information contained in the files of the credit reporting agencies.
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One of the major forces responsible for the rapid growth rate of the international capital market is?
One of the major forces responsible for the rapid growth rate of the international capital market is information technology.
In recent decades, the worldwide capital market has grown so rapidly because of the rise of privatizations mainly. With private capital flows rising from less than five percent of world GDP in 1975 to approximately 20 percent today, privatizations have substantially expanded market liquidity.
The key elements for the increased growth in the international equity markets are the subsequent: growth of developing markets. As developing international locations revel in increase, their home companies searching to expand into worldwide markets and take benefit of less expensive and greater flexible financial markets.
The elements affecting capital flows that the evaluation uses are domestic economic growth, global cash supply, global economic growth, interest price difference among home and main international locations' rates, foreign inventory rate, global risk, and capital flow openness.
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Jared wants to purchase property. One of the properties his agent shows him was formerly zoned for commercial use. It has a steep drop off at the back of the property, as well as some soft spots and mounds. Should Jared's agent recommend that he have a home inspector investigate it
The inference is that Jared's agent should recommend that he have a home inspector investigate it.
How to illustrate the information?From the information given, it was stated that Jared wants to purchase property anf that one of the properties his agent shows him was formerly zoned for commercial use.
Also, it has a steep drop off at the back of the property, and some soft spots and mounds.
Therefore, Jared's agent should recommend that he have a home inspector investigate it. This because the property may have been a waste disposal site.
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