One of the items on the balance sheet is accounts payable. Liabilities are included on the balance sheet, and accounts payable are regarded as a liability.
The term "Accounts Payable liability" refers to a general ledger account that represents a company's obligation to pay back a short-term loan to one of its suppliers. It is vitally important for Accounts Payable to be listed on a company's balance sheet.
An increase in the accounts payable suggests that a business is using loans to pay for more goods and services than cash. When the accounts payable decreases, the company is paying cash rather than borrowing money for more services and goods.
All of this contributes to keeping the business' cash flow under control, which is crucial for the balance sheet. The financial statement of an organization's assets, capital, and liabilities at a certain point in time, including the income-expenditure and balance during the previous period, is referred to as a balance sheet.
One of the three most important financial reports is the balance sheet. The main purpose of a balance sheet is to notify individuals who are interested in a firm about that company's financial status.
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a t-bill with face value $10,000 and 80 days to maturity is selling at a bank discount ask yield of 2.7%. required: a. what is the price of the bill? (use 360 days a year. do not round intermediate calculations. round your answer to 2 decimal places.)
The price of the bill is $9,940.00.
What is bills?
The term "bill" refers to proposed legislation that is being considered by a legislature. In the United States and the United Kingdom, which are primarily anglophone countries, this same parts of a bill have been known as clauses until they are enacted into law as sections .
A proposed law may be referred to as a "law proposal" (Fr. projet de loi), that is a government-introduced bill, or even a "law proposal" (Fr. proposition de loi), which is a private member's bill in Napoleonic law countries (such as France, Belgium, Luxembourg, Spain, and Portugal). For instance, this terminological distinction is not made in the Dutch parliamentary system.
Bank discount yield = [(Face Value – T-bill Price)/Face Value] x 360/n
2.7% = [($10,000 – T-bill Price)/$10,000] x 360/80
T-bill Price = $10,000 x [1 – (2.7% x 80/360)] = $9,940.00
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if the quantity of houses supplied in an area increases 10 percent when the price goes up 25 percent, the supply:
The supply is inelastic if the number of dwellings available in an area rises by 10% when the price rises by 25%.
What does supply being inelastic mean?A state of the market where a rise in the price of products or services does not result in a matching change in the supply: Any change in demand due to a high level of interest will result in a scarcity because the supply of tickets is absolutely inelastic.
What causes supply to be elastic or inelastic?Supplies are deemed inelastic if they do not fluctuate much with price changes. If the supply fluctuates significantly for a slight change in the price, the supply is elastic. Supply elasticity is unit elastic if the % change in price is equal to the percentage change in quantity, even though they are in the opposite direction.
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a large fitness company examines all of the different market segments and decides to focus on selling equipment to single people in their mid-twenties to mid-forties. in this case, single people in their mid-twenties to mid-forties represent a .
The different market segments and decides to focus on selling equipment to single people in their mid-twenties to mid-forties. in this case, single people in their mid-twenties to mid-forties represent a target market.
What is market segments?
People who really are grouped together and for marketing purposes are referred to as market segments. Market segments are subsets of a larger market that frequently group people together based solely on a single or more shared traits. Companies and their marketing departments develop a target audience for their products as well as services using a variety of criteria. Marketing experts take a unique approach to each market segment after thoroughly understanding the needs, way of life, demographics, as well as personality of a target consumer. In a market that is otherwise uniform, a market segment is a group of customers with comparable preferences. These clients may consist of people, families, companies, organisations, or a combination of different types.
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Bob purchases a book for $6, and his consumer surplus is $2. How much is bob willing to pay for the book?.
If Bob purchases a book for $6, and his consumer surplus is $2. The amount he is willing to pay for the book is $8.
What is consumer surplus?Consumer surplus can be defined as the way in which the amount that a consumer is willing to pay for a product is higher than the amount or the price the consumer bought the goods which implies that the consumer has a excess money left.
Using this formula to determine or find the amount he is ready and willing to pay for the book
Amount willing to pay = Cost of book + Consumer surplus
Where:
Cost of book = $6
Consumer surplus = $2
Let plug in the formula
Amount willing to pay = $6 + $2
Amount willing to pay = $8
Therefore we can conclude that bob will pay the amount of $8 for the book.
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A mcdonald’s manager has authority over employees only when they are on the time clock. this practice reflects which features of bureaucracy?
Only when workers are clocked in does a McDonald's management have authority over them. Positions have authority; individuals do not.
In sociology and political science, authority is the rightful control that one individual or group has over others. In a civil state, power is exercised through the judicial or executive branches of government. The phrases "authority" and "power" are misused when referring to the practice of governing.
The terms "authority" and "power" refer to the political legitimacy that confers and justifies the ruler's right to execute the power of government. Accordingly, "authority" is the capacity to take decisions and the "legitimacy to take such lawful judgments and direct their execution."
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quantitative risk analysis evaluates each risk by estimating the probability that it will occur and the degree of impact.
a. true
b. false
Quantitative risk analysis does not evaluate each risk by estimating the probability that it will occur. Thus, the answer is false.
Quantitative risk analysis is associated with quantifying the risks associated with a particular disaster or hazard. This risk analysis is performed to understand and take preventive measures for a specific risk or danger. It helps us to protect ourselves from more significant consequences of the hazard.
Quantitative analysis refers to the quantity or amount of risk that a situation can hold. Quantitative risk analysis helps us to predict the associated risk quantity and work further on it to minimize the risk factor of a project.
The quantitative risk analysis is subjective. It only focuses on finding out the risks associated with a situation.
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Gravity is a successful and popular ice cream parlor in the community. It sells a variety of soft-serve and hard ice cream flavors. Its main competitor, dairy twist, is also popular. In addition to offering its customers a robust menu of soft-serve and hard ice cream flavors, it offers a menu of local seafood snacks, which customers love. If gravity were to research whether to add similar food items to its menu, what should it do first?.
The first thing Gravity must do is do market research to gather the necessary data to determine whether Gravity should expand its menu or whether customers desire them.
Market research is a systematic effort to gather as much information on target market groups and consumers as possible, beginning with knowing who they are. Market research is an important component of a company's strategy and plays an important role in maintaining competitiveness. Marketing requirements, market structure, market segments, and rivalry are all recognized and explored with the help of market research. It employs both subjective approaches, such as focus group discussions, in-depth talks, and ethnography, as well as statistical tools, such as questionnaires and secondary research.Thus Gravity must conduct extensive market research to determine whether an enlarged menu is required.
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explain why the production of capital goods as opposed to consumer goods will result in faster future economic growth.
The production of capital goods adds to an economy's capital stock.
What is a stock?Stock is a common term used to notify a company's proof of ownership. Stocks, on the other hand, refer to the stock certificates of a particular company. When you own shares in a particular company, you become a shareholder. Description: shares have two types of shares: common shares and preferred shares.The shares represent ownership of the public company.When you purchase a stock in a company, you become a joint owner of that company. For example, if a company owns 100,000 shares of him and he buys 1,000 of them, he owns 1% of the company. Shares are financial assets, not real assets. A financial asset is a liquid asset that derives its value from contractual right or title. Shares can be a valuable part of your investment portfolio. By owning shares in various companies, you can increase your savings, protect your money from inflation and taxes, and maximize your return on investment. It is important to know that investing in the stock market involves risk.To learn more about stock from the given link :
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As an aspect of quantitative decision making, modeling and simulation provide typically inform decisions in what way?.
The quantitative decision-making simulation modeling isolates optimal decisions using statistics to analyze the outcomes.
What are decision modeling and simulation?A simulation modeling procedure is mainly based on nourishing quantitative data into a model to produce quantitative results in a arrange sequential process. Qualitative approaches to testing take a less structured approach with more of a leaning towards judgmental and expert understanding rather than hard data. Simulation modeling allows us to explore various outcomes and protect personal or business interests against unwanted outcomes. Simulation modeling is the emulation of the working of a real-world process or system over time. Simulations require the use of models; the model represents the key characteristics of simulation techniques consisting in sampling the input and characterizing the uncertainty of the corresponding
So we can conclude that Modeling and simulation are the use of physical and logical representations of a given system to form data.
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how do the marketing mix elements affect each other?
Answer:
They make up the business plan for a company and handled right, can give it great success. But handled wrong and the business could take years to recover.
a company purchased a $30,000 piece of equipment by paying $10,000 cash and issuing a note payable for the unpaid balance. this transaction required a: (select all that apply).
A corporation spent $10,000 in cash to purchase a $30,000 piece of equipment. This transaction resulted in a debit to Equipment of $30,000, a credit to Cash of $10,00, and a credit to Notes Payable of $20,000.
A form of fixed asset called equipment is reported on the balance sheet under the line item "property, plant, and equipment" transaction in the long-term assets section. Equipment is used by a corporation in its operational processes.
Simply explained, equipment is a capital expenditure that a corporation makes to carry out a certain activity for the organization. In a machine shop, a drill press or a vehicle lift might be transaction used for this. Other examples include tools, both hand and power, and/or technical equipment. All of these assets are not regarded as liquid assets since they are difficult to sell or convert into cash over the long term.
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in accrual basis accounting, revenue is recorded when the seller ______.
in accrual basis accounting, revenue is recorded when the seller's product is shipped or service is provided.
Revenue is the money made from regular business operations and is calculated by multiplying the average sales price by the quantity of units sold. In order to calculate net income, costs must be deducted from the top line (or gross income) figure. On the income statement, revenue is also known as sales.
Even though the cash for the transaction has not yet been exchanged, accruals are earnings or expenses that have an influence on a company's net income on the income statement. Due to the non-cash assets and liabilities they involve, accruals also have an impact on the balance sheet.
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at a manufacturing facility, entry-level accountants are paid $42,000 and entry-level mechanical engineers are paid $55,000. this shows how the relative pay varies for different jobs at the company and is an example of job .multiple choice question.discriminationstructurebenefitssecurity
The relative pay varies for different jobs at the company and is an example of a job structure.
Concerns relating to relative pay—earnings compared with the earnings of others doing an identical job or compared with one's earnings within the past—affect labor provide and productivity. Specifically, changes in pay, transparency of differential pay across workers, and also the ability to elucidate these variations appear to be necessary for the choice of what quantity to figure and the way much effort to exert on the job.
This implies, in turn, that relative pay considerations might contribute to the state and facilitate confirm the success or failure of victimization differential pay to incentivize employees. This transient summarizes a set of studies showing the impact of relative pay information, though irrelevant, on labor provide and effort.
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what is the present value of principal payment for $1,000, 5 year bond with a stated coupon rate of 8% and a market rate of 10%? multiple choice question.
The present value of interest payments for $1,000 for a 5 year bond with a stated coupon rate of 8% in a market rate of 10% is $303.
What is a coupon rate ?The nominal return given by a fixed-income instrument is known as a coupon rate. It refers to the annual coupon payments made by the issuer in relation to the face value or par value of the bond.
The nominal yield the bond is stated to pay on its issue date is known as the coupon rate, sometimes known as the coupon payment. The yield to maturity (YTM) of a bond is determined by how this yield fluctuates with changes in the bond's value.
A bond's coupon rate can be determined by dividing the total annual coupon payments made by the security by the bond's par value. A bond issuer chooses the coupon rate depending on the market interest rates that are in effect at the time of the issuance, among other factors.
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What happens to a seasoned qm if, at the end of the final month of seasoning, the borrower is delinquent for a period of 30 days?.
First, the seasoning period is prolonged until there is no delinquency if there is one at the conclusion of the last month if there has been a delinquency of 30 days or more.
Second, the seasoning period does not apply to time spent in a temporary payment accommodation that was prolonged due to a catastrophe or pandemic-related national emergency.
PERIOD OF SEASONING
A loan must satisfy specific criteria during or at the conclusion of a seasoning period in order to be considered a Seasoned QM. The seasoning period, in general, is the 36-month period starting on the date the first monthly payment is due following consummation. In two circumstances, the seasoning phase ends later.
First, the seasoning period is prolonged until there is no delinquency if there is one at the conclusion of the last month if there has been a delinquency of 30 days or more.
Second, the seasoning period does not apply to time spent in a temporary payment accommodation that was prolonged due to a catastrophe or pandemic-related national emergency.
Additionally, any default must be resolved in accordance with the loan's original terms or by a qualifying adjustment before the seasoning period can start following the interim payment accommodation.
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Inspecting records or documents (tracing) prepared by the client is the only representative audit procedure for the pcaob assertion of?
Inspecting records or documents (tracing) prepared by the client is the only representative audit procedure for the pcaob assertion of completeness.
An audit is defined as "an impartial review of financial data of any entity, whether profit-oriented or not, regardless of size or legal form, when such an examination is done with a view to expressing an opinion thereon." The results of audits give diverse stakeholders independent confirmation that the information is accurate. [3] The phrase is most usually used in reference to audits of financial data pertaining to legal entities. a claim you fervently think is accurate: I most definitely disagree with his claim that men make better drivers than women. Basic assertion, emphatic assertion, escalating assertion, and I-Language assertion are some of these.
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a firm has to pay a tax equal to 25% of its revenue. give a condi- tion that determines the output level at which it maximizes its after-tax profit. explain your answer mathematically.
The Condition that determines the output level at which it maximizes its after-tax profit is (1 - 0.15) * MR - MC = 0.
A firm is in the business to earn a profit and it strives to achieve the maximum profit. The firm can maximize its profit at the point where its marginal cost is equal to its marginal revenue.
MC = MR or
MR - MC = 0
If there is a tax on the revenue then it will have the effect of reduction in the output and profit will be lower.
It is mentioned that the tax is 15% of the revenue so marginal revenue will be 15% lower.
(1 - 0.15) * MR - MC = 0
So, the required answer is (1 - 0.15) * MR - MC = 0.
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what is the goal of determining takt time?
Takt time aids producers in efficiently moving goods through each assembly line, enabling on-time delivery to customers.
The rate at which a product must be finished manufacturing to satisfy consumer demand is known as takt time. For instance, if the production line's takt time is two minutes, that means the final product must be finished in two minutes to satisfy client demand.
Takt time is computed by dividing the number of units a customer requires by the amount of production time that is available. You must first deduct the time spent on breaks, meetings, maintenance, shift changes, etc. before performing this computation.
If you have a scheduled shift, a number of things, such as meetings, lunch breaks, scheduled holidays, and scheduled holiday hours, might affect how much production time is available on any given day. Additionally, the takt time will change depending on whether a consumer needs more or less of a product.
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Are either of Teasha's suppliers also producers? Which one(s)?
Answer: Teasha identified two suppliers, Gifts plus wholesalers and Hearts manufacturing corporation. In which Hearts manufacturing corporation is also a producer.
if a company has to change an estimate, such as the salvage value of an asset, the company is required to reissue prior year statements that were based on the estimate. this statement is
if a company has to change an estimate, such as the salvage value of an asset, the company is required to reissue prior year statements that were based on the estimate.
This statement is False
What is the salvage value?
Salvage value is an asset's anticipated book value after depreciation, based on what a firm anticipates obtaining in exchange for the asset at the end of its useful life. As a result, an asset's projected salvage value is a key factor in determining a depreciation schedule.
No, this statement is not true because there is no requirement to reissue prior year statements that were based on the estimate if the salvage value of an asset changes
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In managing its product portfolio, 3m demands that a specific percentage of its yearly sales come from new products introduced within the previous few years to better withstand external shocks and.
In managing its product portfolio, 3m demands that a specific percentage of its yearly sales come from new products introduced within the previous few years to better withstand external shocks and manage risk through diversification.
Demand is a monetary time period that refers to the number of products or services that purchasers want to buy at any given rate level. The mere choice of a client for a product isn't to demand. Call for includes the shopping electricity of the purchaser to collect a given product at a given length.
The rate of the coolest or carrier. The earnings of shoppers. The prices of related items or services—either complementary and purchased alongside a particular object or substitutes sold in preference to a product. The tastes or preferences of clients will pressure demand.
Call for is a representation of a consumer's desire to buy items and services; it acts as a size of a consumer's willingness to buy a particular proper or service at a given fee.
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a farmer sells sugar to a candy producer for $150. if the producer uses this sugar to make candy that sells for $200, what is the total contribution to gdp from these transactions?
A farmer sells sugar to a candy producer for $150. if the producer uses this sugar to make candy that sells for $200, the GDP from these transaction wil rise by 200$.
A monetary indicator of the market worth of all the final goods and services produced and sold (not resold) in a certain time period by nations is the gross domestic product (GDP). The contribution made by each industry or sector of the economy can also be calculated as a percentage of total GDP. [5] The per capita GDP of a region is determined by the GDP to total population ratio (also called the Mean Standard of Living). One who produces things or services is known as a producer. Factor inputs like as labor and capital are combined by producers to generate, or output, something new. The primary producers that economists typically refer to when discussing producers are business firms.
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on september 1, year 1, health wise international acquired a 6 percent, 9-month note receivable from herbal innovations, a credit customer, in settlement of a $22,000 account receivable. prepare journal entries to record the following. a. the receipt of the note on september 1, year 1, in settlement of the account receivable. b. the adjustment to record accrued interest revenue on december 31, year 1. c. the collection of the principal and interest on may 31, year 2.
The direct labor cost per equivalent unit for the department using the weighted-average method is $3.95.
The total number of equivalent units is 83,850. Thus, the direct labor cost per equivalent unit for the department using the weighted-average method is $3.95.
The direct labor cost per equivalent unit for the department using the weighted-average method is computed by dividing the total direct labor cost by the total equivalent units.
The direct labor cost is calculated by adding the direct labor expenses in work-in-process of $37,100 and the labor cost incurred during January of $294,300. Thus, the total direct labor cost is $331,400.
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pixelpower is a small app developer seeking to enter the highly competitive mobile games industry. in order to overcome the industry's barriers to entry and compete against incumbent firms, pixel power has an economic incentive to
In order to compete with other incumbent firms, pixel power has an economic incentive to pursue radical innovations. This will help the company to overcome the industry's barriers to take entry into the market.
PixelPower is a small app development company that wants to enter the market of the highly competitive mobile games industry. In order to compete with other firms in this industry, Pixelpower has an economic incentive that enables it to pursue radical innovations.
Radical Innovation is the kind of innovation a company follows that combines technology with a new business model. It is a relationship between customers and suppliers in which the old products and services are displaced by creating new product categories.
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cvs’ purchase of aetna is a ________ level strategy.
cvs’ purchase of Aetna is a corporate-level strategy.
The corporate-level strategy may be a multi-tiered company plan that pioneers utilize to characterize, lay out and accomplish particular business objectives. A corporate-level strategy can be utilized by a little commerce to extend its profits over another monetary year, while a large corporation may well be managing the operations of different businesses to attain more complex objectives like offering the company or entering an unused market. They are many types of corporate-level strategies such as Stability strategy, Expansion strategy, Retrenchment methodology, and Combination technique
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Since it‘s where most young adults spend their time, 50% of retailers spend at least half of their marketing money on.
Since it‘s where most young adults spend their time, 50% of retailers spend at least half of their marketing money on Mobile social advertising.
What is marketing?Marketing can be defined as a process through which the company or a brand makes the consumer aware of their products And or perceive them to buy their commodity or the service they are providing.
As Retailers spend approximately 50% of their income on convincing young adults who spent most of their time on social media to Buy a particular product. They use mobile or social media advertising to do so as Most young adults buy their products from that source.
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overall, future purchasing and supply mission and goals will be narrower and less aligned with the strategic objectives of the firm.
a. True
b. False
Overall, future purchasing and supply mission and goals will be narrower and less aligned with the strategic objectives of the firm. The given statement is false.
The supply mission main goals are to meet demand, increase customer value, boost responsiveness, promote financial success, and create a strong network. The three main objectives of effective supply mission management should be accelerated cash flow, more efficiency, and quicker delivery. The supply chain management system will make sure that you don't try to sell anything from an empty waggon. Without supply networks, firms would struggle to survive. They serve as the fundamental building block.
what is Strategic objectives ?
Strategic objectives are declarations of purpose that aid in establishing an overall vision, goals, and actionable measures for a business to help reach the intended result. When a strategic objective can be measured through visible data or statistical outcomes, it is most effective.
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Comparative advantage is related most closely to which of the following?
a. output per hour
b. opportunity cost
c. efficiency
d. bargaining strength in international trade
The most closely related comparative advantage is opportunity cost.
Opportunity in the general sense is understood as an opportunity. This term is also used in several disciplines such as mathematics and economics. In economics, the word opportunity is used as a condition of the cost of lost opportunity, which is known as opportunity cost.
This term is certainly quite familiar to many people because of the opportunity cost you can find in everyday life. However, for workers who are engaged in economics, such as accountants, the understanding of opportunity costs must be deeper.
Opportunity cost is the cost incurred for the loss of opportunity due to the fulfillment of another need. In business, these costs become economic costs that must be incurred for an activity of producing goods or services related to the choice of other activities that are sacrificed. In other words, opportunity cost is measured by the usefulness left to choose another activity.
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changing a crop rotation to plant 80 acres more barley and 80 acres less wheat would be a decision which could be analyzed using a partial budget. true false
This statement is true/actual that changing a crop rotation to plant 80 acres more barley and 80 acres less wheat would be a decision which ought to be analyzed the usage of a partial budget.
What is a partial budget in agriculture?
A partial finances consists of two columns, a subtotal for every column and a grand total. The left hand column has the items that extend earnings while the right hand column notes these that minimize earnings for a farm business. The price range can be divided into four parts.
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https://brainly.com/question/13414005#SPJ4If the cross-price elasticity of demand for computers and software is negative, this means the two goods are.
If the cross-price elasticity of demand for computers and software is negative this means the two goods are Complements.
Use cross-price elasticity to determine whether a product is a complement or substitute. A positive cross-price elasticity implies substitutes and a negative cross-price elasticity implies complements. When two commodities are complementary when the price of one increases, the quantity of the other decreases, and vice versa. This negative relationship, therefore makes the cross-elasticity of demand always negative.
Determines whether a product is a complement or substitute based on cross-price elasticity. If the cross-price elasticity is positive, the commodity is a substitute, and if the cross-price elasticity is negative, the commodity is a compliment. They are substitutes if the cross-price elasticity of demand is positive. Alternatives are products for which consumers buy one or the other but not both. If the price of the substitute increases fewer substitutes will be sold.
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