Primary data collection is a process of collecting data for the first time by researchers for a specific purpose. It is collected with the objective of gaining relevant insights into the problem being investigated. The primary data collection method is further divided into quantitative and qualitative research methods.
Quantitative research method
Quantitative research is conducted to determine how many or how much of something exists. This research design utilizes statistical analysis techniques to assess the data. The following are the most popular primary data collection techniques for quantitative research:
Survey: Surveys are one of the most commonly used quantitative research techniques. It is usually conducted in the form of a questionnaire, which is designed to generate numerical data that can be analyzed statistically. The Coca-Cola company can use this technique to gather data on consumer behavior, product preferences, and customer satisfaction.
Observation: Observation is another quantitative research technique that is widely used. It is typically utilized to gather data on people's behavior in their natural settings. The Coca-Cola company can use this technique to monitor how people purchase and consume its products.
Experimental method: The experimental method is used to determine whether one variable has a causal effect on another variable. The Coca-Cola company can use this technique to test the effectiveness of a new product or advertisement.
Qualitative research method
Qualitative research, on the other hand, investigates people's perceptions, attitudes, beliefs, and experiences. It's a non-statistical, exploratory research approach. The following are the most popular primary data collection techniques for qualitative research:
Interview: Interviews are one of the most commonly used qualitative research methods. It is usually conducted face-to-face and allows for the collection of in-depth information. The Coca-Cola company can use this technique to gather data on customer preferences, opinions, and attitudes.
Focus group: A focus group is a type of interview that is conducted with a group of individuals who share similar characteristics. The Coca-Cola company can use this technique to gather data on consumer behavior and product preferences.
Document analysis: Document analysis is another qualitative research technique that is widely used. It involves analyzing written material such as reports, memos, and letters to obtain relevant information. The Coca-Cola company can use this technique to analyze customer complaints, feedback, and reviews.
The appropriate primary data collection method for the Coca-Cola company would depend on the research objectives. In general, if the objective is to gather numerical data, then a quantitative research approach should be employed. In contrast, if the objective is to gather in-depth information, then a qualitative research approach should be employed.
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A company has a beginning inventory of 10 units at $50. Every week for four weeks an additional 10 units are purchased at respective cost of $51,$52,$55, and $60. Thirty eight units were sold for $72 each . The total cost of goods sold that were available for sale would be: a. $2,680 b. $1,010 c. $2,736 d. $2,280 e. $2,180
To calculate the total cost of goods sold, we need to determine the cost of the units sold. Therefore, the correct option is not listed among the given choices.
First, let's calculate the cost of the units purchased:
Week 1: 10 units at $51 each = $510
Week 2: 10 units at $52 each = $520
Week 3: 10 units at $55 each = $550
Week 4: 10 units at $60 each = $600
The total cost of the purchased units is $510 + $520 + $550 + $600 = $2,180.
Next, let's calculate the cost of the units sold:
38 units were sold, so we need to identify the cost of the first 10 units purchased, the cost of the next 10 units purchased, and the cost of the remaining 18 units purchased.
The first 10 units purchased have a cost of $51 each, so the cost of these units is 10 units * $51 = $510.
The next 10 units purchased have a cost of $52 each, so the cost of these units is 10 units * $52 = $520.
The remaining 18 units purchased have a cost of $55 each, so the cost of these units is 18 units * $55 = $990.
The total cost of the units sold is $510 + $520 + $990 = $2,020.
Finally, we can calculate the total cost of goods sold:
Beginning inventory: 10 units at $50 each = $500
Cost of purchased units: $2,180
Cost of units sold: $2,020
Total cost of goods sold = Beginning inventory + Cost of purchased units - Cost of units sold
Total cost of goods sold = $500 + $2,180 - $2,020 = $660.
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MGT203 OPERATIONS MANAGEMENT
For effective operations and supply chain management - provide recommendations on other strategies that could have been considered for implementation to allow for recovery from the COVID-19 pandemic effects.
To recover from the COVID-19 pandemic effects, businesses can consider diversifying their supply chain, enhancing visibility, developing robust risk management plans, strengthening supplier relationships, embracing digital transformation, and more.
In order to recover from the effects of the COVID-19 pandemic, here are some additional strategies that could be considered for implementation in operations and supply chain management:
Diversify the supply chain: Relying on a single source or region for supplies proved to be risky during the pandemic. Companies can consider diversifying their supplier base to mitigate future disruptions. This can involve identifying alternative suppliers, exploring local sourcing options, or implementing dual sourcing strategies.
Enhance supply chain visibility: Implementing advanced technology solutions like real-time tracking, IoT sensors, and data analytics can provide better visibility into the supply chain. This helps identify potential bottlenecks or disruptions early on, enabling proactive decision-making and swift response.
Develop robust risk management plans: Establishing comprehensive risk management plans that specifically address pandemic-related risks can help in responding effectively to future crises. This includes conducting risk assessments, implementing contingency plans, and regularly reviewing and updating the plans.
Strengthen supplier relationships: Building strong relationships with key suppliers can foster collaboration and mutual support during challenging times. This can involve sharing information, collaborating on risk mitigation strategies, and establishing long-term partnerships based on trust and cooperation.
Embrace digital transformation: Accelerating digital transformation initiatives can enhance agility and resilience in operations and supply chain management. This can include automation of processes, adoption of cloud-based technologies, and leveraging data analytics for forecasting and demand planning.
Implement flexible manufacturing strategies: Adopting agile manufacturing practices, such as lean manufacturing or just-in-time production, allows for quick adjustments to changing market demands. This enables companies to respond rapidly to disruptions and optimize resource utilization.
Focus on employee well-being: Prioritizing the health and safety of employees is crucial for business continuity. Implementing measures such as remote work options, flexible scheduling, and providing necessary resources and support can help maintain workforce productivity and morale during crises.
Explore alternative distribution channels: With the disruption of traditional distribution channels, companies can explore alternative channels such as e-commerce, direct-to-consumer models, or partnerships with third-party logistics providers. This diversification can ensure continuity of product delivery and reach a wider customer base.
Implementing these strategies can enhance the resilience and agility of operations and supply chain management, enabling organizations to recover from the effects of the COVID-19 pandemic and be better prepared for future disruptions.
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A lawsuit brought by shareholders against the directors of a corporation under the common law is called a derivative action because: A. the right to sue is derived fram or based on the harm to the corporation B. the right to sue is granted exclusively by statute; C. there is no such thing as a derivative action Membership in a union: A. guarantees employment in a given field 8. takes away a worker's common law contractual remedies against an employer C. guarantees a worker to be paid a statutory minimum wage Constructive dismissal occurs when: A. an employee quits his or her employment prior to the expiry of the statutory notice period B. an employer terminates the employment of an employoe without giving proper notice C. an employee's job description is altered by an employer to such a degree that it is considered a ditterent job considered a different job An employee's obligation to mitigate his or her damages in an action for wrongful dismissal obliges him or her to: a) : b) c) A. take all reasonable steps to obtain new employment B. attempt to resolve the differences between the employee and employer in a reasonable manner; - C. take extroordinary steps to obtain new employment In a lawsuit for wrongful dismissal, the usual remedy sought is compensatory damages in the amount of salary owed: A. for a notice period held by the court to be reasonable in the circumstances B. for the applicable minimum statutory notice poriod C. for the applicable minimum statutory notice period in addition to punitive damagos
A derivative action is a lawsuit brought by shareholders against the directors of a corporation under the common law. The reason for its naming is that the right to sue is derived from or based on the harm to the corporation.
Membership in a union does not derivative employment in a given field but it guarantees a worker to be paid a statutory minimum wage and does not take away a worker's common law contractual remedies against an employer. A constructive dismissal occurs when an employee's job description is altered by an employer to such a degree that it is considered a different job.
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Toying With Nature wants to take advantage of children's fascination with dinosaurs by adding several scale-model dinosaurs to its existing product line. Annual sales of the dinosaurs are estimated at 80,000 units at a price of $6 per unit. Variable manufacturing costs are estimated at $2.50 per unit, incremental fixed manufacturing costs (excluding depreciation) at $46,000 annually, and additional selling and general expenses related to the dinosaurs at $60,000 annually. To manufacture the dinosaurs, the company must invest $350,000 in design molds and special equipment. Since toy fads wane in popularity rather quickly, Toying With Nature anticipates the special equipment will have a three-year service life with only $2000 salvage value. Depreciation will be computed on a straight-line basis. All revenue and expenses other than depreciation we received or paid in cash. The company's combined federal and state income tax rate is 40 percent. Required: a. Prepare a schedule showing the estimated increase in annual net income from the planned manufacture and sale of dinosaur toys. b. Compute the annual net cash flows expected from this project. c. Compute the following. Assume discounted at an annual rate of 15 percent. Use 26 where necesary
We can deduce here that the discounted cash flows for each year are approximately $78,600, $68,173, and $58,999, respectively.
How we arrived at the solution?a. Schedule showing the estimated increase in annual net income:
Annual Sales Revenue:
Units Sold: 80,000 units
Price per Unit: $6
Total Sales Revenue: 80,000 units × $6 = $480,000
Variable Manufacturing Costs:
Units Sold: 80,000 units
Variable Cost per Unit: $2.50
Total Variable Manufacturing Costs: 80,000 units × $2.50 = $200,000
Incremental Fixed Manufacturing Costs: $46,000
Additional Selling and General Expenses: $60,000
Depreciation:
Initial Investment in Equipment: $350,000
Salvage Value: $2,000
Depreciable Cost: $350,000 - $2,000 = $348,000
Depreciation Expense per year: $348,000 / 3 years = $116,000
Income Before Taxes:
Sales Revenue: $480,000
Variable Manufacturing Costs: ($200,000)
Incremental Fixed Manufacturing Costs: ($46,000)
Additional Selling and General Expenses: ($60,000)
Depreciation Expense: ($116,000)
Income Before Taxes: $58,000
Income Taxes (40% tax rate): $58,000 × 0.40 = $23,200
Net Income:
Income Before Taxes: $58,000
Income Taxes: ($23,200)
Net Income: $34,800
b. Annual net cash flows expected from the project:
Net Income: $34,800
Depreciation Expense: $116,000
Net Cash Flows Before Taxes: $34,800 + $116,000 = $150,800
Income Taxes (40% tax rate): $150,800 × 0.40 = $60,320
Net Cash Flows After Taxes: $150,800 - $60,320 = $90,480
c. Cash flows discounted at an annual rate of 15%:
Year 1: $90,480 / (1 + 0.15) = $78,600
Year 2: $90,480 / (1 + 0.15)² = $68,173
Year 3: $90,480 / (1 + 0.15)³ = $58,999
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Prior to beginning work on this discussion, read Starbucks
(Links to an external site.) and General Electrics’ (Links to an
external site.) most recent Annual Reports 20XX under Investor
Relations.
Starbucks Corporation is a coffeehouse and roastery chain situated in Seattle, Washington, in the United States. It is the world's largest coffeehouse chain. It was founded in 1971 and has grown to over 30,000 locations globally. The organization has a significant global reach, with operations in several countries worldwide.
The company's most recent annual report for 2020 shows that its total net revenue was $23.5 billion. Starbucks' net income was $928.3 million in the same period.
The company's net income in 2020 was impacted by the COVID-19 epidemic, which caused a temporary closure of many stores across the world, resulting in a decrease in consumer traffic.
Starbucks is well-known for its quality coffee and customer experience. The company's loyalty program, mobile ordering, and payments have been a significant driver of digital sales growth in recent years. In 2020, Starbucks announced that it would be focusing on more digital initiatives to keep up with consumer preferences, including the development of a more personalized and customized experience for its customers.
General Electric (GE) is an American multinational conglomerate based in Boston, Massachusetts.
GE is a diversified company that operates in several different industries, including aviation, power, healthcare, and renewable energy. The company has been in business for over 100 years and has operations in several countries worldwide.
The most recent annual report for GE in 2020 showed that its total revenue was $79.6 billion, a decrease of 16% from the previous year. T
he company's net loss was $5.4 billion in 2020, primarily due to the impact of the COVID-19 epidemic. GE's aviation sector was significantly impacted by the epidemic, with reduced demand for commercial aviation engines and services. However, GE's healthcare and renewable energy sectors were resilient, with growth in those areas.
The company has been undergoing significant changes in recent years, including divestitures of non-core businesses and restructuring of its remaining businesses. In 2020, GE announced that it would be focusing on reducing its debt and improving its cash flow.
The company's focus on digitalization and innovation has been a significant driver of growth in recent years, and it plans to continue investing in those areas in the future.
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What will a corrective tax equal to the external cost imposed on polluters result in? It will increase the level of pollution. It will force polluters to internalize the external cost resulting from their actions, It will eliminate all pollution. It will usually have NO impact whatsoever on pollution levels, but will generate tax revenue for the government. Question 9 Which of the following policies is most likely to alleviate relative poverty in Canada? a progressive income tax system price and wage controls pay equity legislation sales tax Question 10 Under which of the following conditions will the labour supply curve shift to the right? when, on average, people retire earlier when nonlabour income increases other things being equal, when workers are willing to supply fewer hours of labour each week when new workers enter the labour market
Corrective taxes, also known as Pigovian taxes, are typically used to reduce negative externalities.
Polluters who generate pollution are subject to these types of taxes. The result of a corrective tax equivalent to the external cost imposed on polluters is: it will force polluters to internalize the external cost resulting from their actions.
A corrective tax is imposed on these polluters as a result of this action, forcing them to pay a price equivalent to the negative externalities they are creating. This encourages them to reduce their pollution emissions to minimize their tax liability.
The progressive income tax system is one of the best ways to reduce poverty and redistribute wealth. This is because it taxes those who earn higher incomes at a higher rate, allowing the government to redistribute wealth to those in need. As a result, the progressive income tax system is the most effective method for addressing relative poverty in Canada.The labor supply curve will shift to the right when new workers enter the labor market.
The supply of labor increases when more individuals enter the labor market. The labor market will shift to the right as a result of this. This leads to a higher quantity of labor being supplied at a lower wage rate. Therefore, the labor supply curve will shift to the right when new workers enter the labor market.
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1 Systems and Strategic Objectives (30 points) Write your answer in FULL sentences." Bullet point" answers will NOT be graded even if correct. You are the Chief Marketing Officer of an insurance company that offers insurance products in conwentionat areas (e g. vehicie cr property insurance) in order to actract new customers as well as to increase the satisfaction of the existing customers, you would like to invest in information systers identily ichoore invo ontine information systems (2 examples) that will help you to fulfill this strategic objective. Hint: The system can be operational (transactional) or analytical or any cype that we have discussed in the course or your coleagues presented in the researeh project. For FACH 15 (in the below order) a) Describe the system that you would imvest in (the name is NOT sufficient you shouid describe the system by its functionalities / featuresi 775 peinto in Rol sentences. b) Explain the processes I tasks I activities performed by using this system (to do whati and the users of this system 7.5 pointe in full. uetiencel NOTE: For both is examples, in order to answer b, you have to answer a. If a is not answered, answers for b will NoT be graded.
A) The two examples of online information systems to invest in for the insurance company are as follows:
Operational System: Claims Management System (CMS) is an operational system that assists insurers in organizing and streamlining their claims handling processes. CMS is an automated application that enables insurance carriers to handle the entire claims process in a streamlined manner. CMS should ideally be used to process claims in a short amount of time with greater consistency, accuracy, and productivity.
Analytical System: Customer Relationship Management System (CRM) is a powerful analytical tool that assists in managing customer data, sales, and marketing. This system analyzes data in order to improve customer loyalty and boost revenue. It may be used to automate repetitive tasks, monitor customer behavior, send personalized messages, and improve interactions with customers.
B) The following processes/tasks/activities can be performed using the Claims Management System:
Claim filing, Claim adjustment, Underwriting, Actuarial analysis, Medical claims processing, Risk assessment, Claim settlement, Reinsurance management, Fraud detection, and analysis of the claim portfolio.
Claims management system users: Employees of the Claims Department, Claims adjusters, Policyholders, Agents/Brokers, Medical professionals, and Actuaries.
The following tasks can be performed using Customer Relationship Management System (CRM):
Collects customer data, Automates sales and marketing tasks, Provides personalized marketing messages, Tracks customer interactions, Analyzes customer data to identify patterns, Develops sales forecasts, Establishes customer segments, Tracks customer feedback, and measures customer satisfaction.
CRM users: Marketing and sales teams, Customer service reps, Financial analysts, Marketing analysts, IT support staff, and System administrators.
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How
should Larry Florin, CEO of Burbank Housing, proceed in the future
to improve his organization?
Larry Florin, CEO of Burbank Housing, should proceed as follows to improve his organization:
Burbank Housing is a non-profit organization that provides housing assistance to people in need.
There are a few things that Larry Florin, CEO of Burbank Housing, can do to improve his organization, some of which are as follows:
Develop an effective strategy for fundraising:
One of the most critical aspects of any non-profit organization is fundraising. The CEO should develop an effective fundraising strategy to ensure that the organization has the resources it needs to continue providing housing assistance to those in need.
The CEO should identify potential donors, develop a fundraising plan, and execute it effectively. A strong fundraising strategy is critical to the success of any non-profit organization.
Improve communication:
Effective communication is essential for any organization's success. The CEO should ensure that communication channels between staff members and with clients are effective.
A lack of effective communication can lead to misunderstandings and ultimately hurt the organization's reputation.
Larry Florin, CEO of Burbank Housing, should work on improving the organization's communication channels to improve its overall efficiency.
Work on partnerships:
Working in partnership with other organizations can help non-profits achieve their goals more effectively. The CEO should explore partnerships with other organizations that have similar goals.
A partnership with another organization could help the organization expand its reach, provide additional resources, and improve its reputation.
Developing partnerships requires communication, trust, and an understanding of each organization's goals and values. In conclusion, Larry Florin, CEO of Burbank Housing, should focus on improving communication, developing partnerships, and developing a fundraising strategy to improve his organization's future.
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1. Internal controls are designed to:
Select one:
a. prevent and detect fraud and error
b. all of the choices
c. safeguard assets against loss, misuse and theft
d. align managers and employees with th
b. each and every option. Internal controls are intended to achieve a variety of goals, such as preventing and identifying fraud and error, protecting assets from theft, loss, and misuse, and coordinating management and staff with the organization's objectives.
They offer a methodical strategy to reduce risks, guarantee the accuracy and dependability of financial reporting, foster operational efficiency, and adhere to relevant legal and regulatory requirements. Companies can improve accountability, integrity, and openness in their business processes by putting in place strong internal controls. This improves decision-making efficiency, resource protection, and overall organisational success.
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Macroeconomics is much more than just what you read in a textbook. It is what happens every day, the sum of everything that affects the well-being of all. In fact, macroeconomics affects everyone throughout the country and the world.
Choose one of the two options below and pay particular attention to any discussion relating to the macroeconomics concepts covered in the current unit. After listening or reading, answer the following questions:
What important new things did you learn?
Did the topics discussed in the article or podcast relate to your personal experience in any way? If so, how? If not, how do you believe it could?
How does this new knowledge relate to the availability and possible governmental use of fiscal policy tools and their likely macroeconomic impact on the economy as explored in this unit?
Based on what you learned, what action(s), if any, do you think the government, or society, should take?
Macroeconomics is a branch of economics that deals with the behavior, structure, performance, and decision-making of an economy as a whole, rather than individual markets.
The study of macroeconomics includes different factors such as inflation, economic growth, and the business cycle. Macroeconomics is very important because it affects everyone, and is not just something that is learned from textbooks. In a podcast, I learned about the impact of inflation and deflation on the economy.
When the prices of goods and services increase, it causes inflation. In contrast, deflation occurs when the prices of goods and services decrease. The podcast also discussed the effects of these two phenomena on the economy. Inflation can lead to an increase in the prices of goods and services, while deflation can lead to a decrease in the prices of goods and services.
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Masters machine shop is considering a four-year project to improve its production efficiency. buying a new machine press for $385,000 is estimated to result in $145,000 in annual pretax cost savings. the press falls in the macrs five-year class, and it will have a salvage value at the end of the project of $45,000. the press also requires ana initial investment in spare parts inventory of $20,000, along with an additional $3,100 in inventory for each succeeding year of the project. if the shop’s tax rate is 22 percent and its discount rate is 9 percent, should the company buy and install the machine press?
Based on the analysis, Masters machine shop should buy and install the machine press. The project is expected to generate positive net present value, indicating that it will provide a return greater than the initial investment.
To determine whether Masters machine shop should buy and install the machine press, we need to evaluate the project's financial feasibility.
Step 1: Calculate the annual cash flows
The annual pretax cost savings from the new machine press is $145,000. To calculate the after-tax cash flows, we need to consider the tax rate of 22%. So, the annual after-tax cash flow is: $145,000 * (1 - 0.22) = $113,100.
The initial investment in spare parts inventory is $20,000. Additionally, there is an annual investment in inventory of $3,100 for each succeeding year. Since the project is four years long, the total investment in inventory over the project's duration is: $20,000 + ($3,100 * 3) = $29,300.
Step 2: Calculate the annual net cash flows
To calculate the annual net cash flows, we subtract the annual investment in inventory from the annual after-tax cost savings: $113,100 - $29,300 = $83,800.
Step 3: Determine the salvage value
The machine press has a salvage value at the end of the project of $45,000.
Step 4: Apply the discounted cash flow analysis
Using the discount rate of 9%, we can calculate the present value of the annual net cash flows and the salvage value. The present value of each year's cash flow is calculated by dividing the cash flow by (1 + discount rate)^year.
Year 1: $83,800 / (1 + 0.09)^1 = $76,972.48
Year 2: $83,800 / (1 + 0.09)^2 = $70,770.92
Year 3: $83,800 / (1 + 0.09)^3 = $64,994.61
Year 4: $83,800 / (1 + 0.09)^4 = $59,623.44
Salvage value: $45,000 / (1 + 0.09)^4 = $35,460.99
Step 5: Calculate the present value of the project
To calculate the present value of the project, we sum up the present values of the cash flows.
Present value of the project = $76,972.48 + $70,770.92 + $64,994.61 + $59,623.44 + $35,460.99 = $307,822.44
Step 6: Compare the present value of the project with the initial investment
The present value of the project ($307,822.44) is higher than the initial investment of $385,000. Therefore, it indicates that the project is financially viable.
In conclusion, based on the analysis, Masters machine shop should buy and install the machine press. The project is expected to generate positive net present value, indicating that it will provide a return greater than the initial investment.
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a type of research that tries to discover a relationship between variables and may use questionnaires, observations, and secondary date as its collection methods is called
The type of research described is called correlational research. Correlational research aims to identify and understand the relationship between variables.
It seeks to determine whether changes in one variable are associated with changes in another variable. This type of research often involves the use of questionnaires, observations, and secondary data as methods of data collection. In correlational research, researchers collect data from participants or sources and analyze it to determine the strength and direction of the relationship between variables. Questionnaires or surveys are commonly used to gather data directly from individuals, while observations involve systematically watching and recording behaviors or events. Additionally, researchers may utilize secondary data from existing sources such as databases, previous studies, or records. The main objective of correlational research is to identify patterns or associations between variables without establishing a cause-and-effect relationship.
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1) Assume that P = 48 - 2Q. Find the level of production that
maximizes revenue. (2 points) 2) Assume that in addition to P = 48
- 2Q, TC = 4 + 4Q. Find the level of production that maximizes
profit.
11) To find the level of production that maximizes revenue when P = 48 - 2Q, we need to first find the revenue equation. Revenue (R) is equal to the product of price (P) and quantity (Q). So, we have:
R = P * Q
Substituting the value of P in the above equation, we get:
R = (48 - 2Q) * Q
R = 48Q - 2Q²
To find the level of production that maximizes revenue, we need to take the derivative of the revenue function with respect to Q and set it equal to zero:
dR/dQ = 48 - 4Q = 0
48 = 4Q
Q = 12
Therefore, the level of production that maximizes revenue is 12.
2) To find the level of production that maximizes profit when P = 48 - 2Q and TC = 4 + 4Q, we need to first find the profit equation. Profit (π) is equal to revenue (R) minus total cost (TC). So, we have:
π = R - TC
π = (48 - 2Q)Q - (4 + 4Q)
π = 44Q - 2Q² - 4
To find the level of production that maximizes profit, we need to take the derivative of the profit function with respect to Q and set it equal to zero:
dπ/dQ = 44 - 4Q = 0
44 = 4Q
Q = 11
Therefore, the level of production that maximizes profit is 11.
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Jake has $44,000 invested in Vanguard Money Market Mutual Fund for 71 days at a 7-day yield of 3.62%. How much interest will he receive in 71 days?
Jake will receive $15,121.92 in interest in 71 days.
Interest Earned = Principal × Rate × Time
Where
Principal = $44,000
Rate = 3.62% = 0.0362
Time = 71 days ÷ 7 days per week = 10.14 weeks
Interest Earned = $44,000 × 0.0362 × 10.14
Interest Earned = $15,121.92
Therefore, Jake will receive $15,121.92 in interest in 71 days.
A money market mutual fund is an investment fund that invests in high-quality, short-term debt instruments and is regarded as a safe investment because of its low-risk profile. Because the short-term investments in which money market funds invest are extremely liquid, they provide investors with quick access to cash.
Jake has $44,000 invested in Vanguard Money Market Mutual Fund for 71 days at a 7-day yield of 3.62%. We have to determine how much interest Jake will receive in 71 days.
The formula for calculating the interest earned is Interest Earned = Principal × Rate × Time.
Principal is $44,000, rate is 3.62%, and time is 71 days ÷ 7 days per week = 10.14 weeks.
Substituting the given values, we get
Interest Earned = $44,000 × 0.0362 × 10.14= $15,121.92
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L’Oréal designs its shampoo products to correspond to offset whether a customer has dry, normal, or oily hair. This is an example of _____________ segmentation.
A.
Geographic
B.
Psychographic
C.
Demographic
D.
Behavioural
L’Oréal designs its shampoo products to correspond to offset whether a customer has dry, normal, or oily hair. This is an example of _____________ segmentation. The correct answer is C. Demographic segmentation.
Answer: L'Oreal is one of the world's biggest makeup and haircare brands. L'Oreal, like all other businesses, requires a well-planned and well-executed marketing strategy to remain successful. Market segmentation is one of the most important aspects of this approach. Demographic, geographic, behavioral, and psychographic are the four primary types of segmentation. Demographic segmentation is the most popular type of segmentation.
L'Oreal designs its shampoo products to correspond to offset whether a customer has dry, normal, or oily hair. This is an example of demographic segmentation, which is a type of market segmentation that divides the market into groups based on variables such as age, gender, income, and education.
Demographic segmentation makes it easier for companies to tailor their marketing campaigns to specific groups of consumers with comparable characteristics. By dividing the market into segments, L'Oreal will concentrate on its target market, which is the section of the market that is most likely to buy its products.
For instance, L'Oreal will be able to concentrate on a specific demographic of people (those with dry, normal, or oily hair) to create and market haircare products that will cater to their specific hair type. The marketing team of L'Oreal, by knowing which demographic to target, can promote the benefits of L'Oreal's hair products that will appeal to that specific demographic.
This type of targeting results in a more effective and efficient marketing campaign that can help a business achieve its sales goals.
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Assume that a competitive firm has the total cost function: TC=1q3−40q2+770q+1700 Suppose the price of the firm's output (sold in integer units) is $600 per unit. Create tables (but do not use calculus) with columns representing cost, revenue, and profit to find a solution.
1. How many units should the firm produce to maximize profit?
Please specify your answer as an integer.
2. What is the total profit at the optimal output level?
Please specify your answer as an integer.
The total profit at the optimal output level is $0. Therefore, the firm neither earns nor incurs any profit or loss at the optimal output level of 85 units.
Given the total cost function for the competitive firm: TC = 1q³ − 40q² + 770q + 1700, where q represents the quantity of output produced by the firm.
The price of the firm's output is $600 per unit. To determine the optimal output level that maximizes profit, we need to calculate the profit function.
Profit (π) can be calculated as the revenue (R) minus the cost (C). Revenue is the product of the price of the firm's output and the quantity produced: R = $600Q.
Cost is given by the total cost function: C = TC. Therefore, C = 1q³ − 40q² + 770q + 1700.
Substituting the revenue and cost functions into the profit equation:
π = R - C
π = $600Q - (q³ - 40q² + 770q + 1700)
Simplifying further:
π = -q³ + 40q² - 170q - 1700
We can factor the profit function to find the critical values:
π = -(q + 10)(q - 20)(q - 85)
To find the maximum profit, we equate the first derivative of π to zero:
dπ/dq = 0 at q = -10, 20, 85
Therefore, the critical values are q = -10, 20, and 85. To maximize profit, the firm should produce 85 units.
To find the total profit at the optimal output level, we substitute q = 85 into the profit function:
π = -(85 + 10)(85 - 20)(85 - 85)
π = -75 × 65 × 0
π = $0
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if the fed fears an economic downturn, it would be most likely to
If the Federal Reserve (Fed) fears an economic downturn, it would be most likely to implement expansionary monetary policy measures.
Here are some actions the Fed might take in response to an economic downturn:
Lowering interest rates: By reducing interest rates, the Fed encourages borrowing and spending, which stimulates investment and consumption.
Quantitative easing (QE): In extreme cases, the Fed may implement quantitative easing.
Adjusting reserve requirements: The Fed can lower reserve requirements, which are the funds that banks are legally required to hold in reserves. This increases the amount of money banks can lend, encouraging lending and investment.
Forward guidance: The Fed can provide forward guidance by signaling its commitment to keeping interest rates low for an extended period.
These measures aim to stimulate economic growth, increase lending and investment, and restore confidence in the economy.
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Imagine that you have assigned as a knowledge champion in any
company, where will you establish knowledge management strategies ?
and how ?
management strategies by creating a centralized knowledge repository, implementing knowledge sharing platforms, conducting regular training sessions, and encouraging a culture of continuous learning and knowledge sharing.
In more detail, I would start by creating a centralized knowledge repository where employees can store and access relevant information, documents, and resources. This repository could be in the form of a digital platform or a shared drive. Additionally, I would implement knowledge sharing platforms such as forums, wikis, or collaborative tools to facilitate communication and exchange of ideas among employees. Regular training sessions would be organized to enhance employees' skills and encourage them to share their expertise .Furthermore, fostering a culture of continuous learning and knowledge sharing would be vital. This can be achieved through recognition and rewards for knowledge sharing, establishing mentorship programs, and promoting cross-functional collaboration.
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You are studying the market for a particular new smartphone. You notice that several changes are happening in the market at the same time. The company that makes the smartphones has just opened a production plant in Malaysia where the cost of labor is lower than it is in the UK. The company has also switched to using a more cost-effective material for the outer shell of the phone. In addition, a new advertising campaign for the phone has gone viral, and now everybody wants this phone. What do you expect will happen to the equilibrium price and the equilibrium quantity? Explain your answer using a graph.
The opening of a production plant in Malaysia, the use of a more cost-effective material for the outer shell of the phone and a new advertising campaign going viral will affect the equilibrium price and the equilibrium quantity of the new smartphone as follows:
When a company is able to lower its production costs, it usually lowers the price of the product to appeal to more buyers, thereby increasing the equilibrium quantity demanded. The shift in the supply curve is to the right, leading to a decrease in the equilibrium price and an increase in the equilibrium quantity.
The viral advertising campaign, on the other hand, shifted the demand curve to the right from D1 to D2. The new equilibrium is at point C, where the equilibrium price is P3, and the equilibrium quantity is Q3. This indicates that the price has increased, while the quantity demanded has increased further.
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The investment centre of a company has the following relevant actual operating results and variances for operations during fiscal year 2018:
Sales $30,000,000 $2,000,000 unfavourable
Variable COGS 17,500,000 550,000 favourable
Controllable fixed COGS 2,500,000 N/A
Variable S&A expenses 3,250,000 275,000 unfavourable
Controllable fixed S&A expenses 1,500,000 N/A
Average operating assets for the fiscal period were $13,500,000.
Instructions:
Calculate ROI for 2018.
_% round to nearest whole number
Typed numeric answer will be automatically saved.
The ROI for 2018 is approximately 39%. To calculate the Return on Investment (ROI) for 2018, we need to determine the Operating Income and the Average Operating Assets.
Operating Income = Sales - Variable COGS - Controllable fixed COGS - Variable S&A expenses - Controllable fixed S&A expenses
Operating Income = $30,000,000 - $17,500,000 - $2,500,000 - $3,250,000 - $1,500,000
Operating Income = $5,250,000
Average Operating Assets = ($13,500,000 + $13,500,000) / 2
Average Operating Assets = $13,500,000
ROI = (Operating Income / Average Operating Assets) * 100
ROI = ($5,250,000 / $13,500,000) * 100
ROI = 38.89%
Therefore, the ROI for 2018 is approximately 39%.
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Consider an economy with the following information:
French citizens working in France produce $100 million in goods.
French citizens working in France produce $40 million in services.
French citizens working in other countries produce $20 million in goods.
French citizens working in other countries produce $5 million in services.
Citizens of foreign countries working in France produce $35 million in goods.
Citizens of foreign countries working in France produce $15 million in services.
Citizens of foreign countries working in countries other than France produce $8 million in goods.
Citizens of foreign countries working in countries other than France produce $2 million in services.
Assume there is no other relevant information. Carefully following numeric instructions, use the definition of GDP to calculate:
GDP for France for this time period is $_____________ million.
(Notice that the "million" is already included, so if your answer is 99 million (99,000,000) enter only 99 in the blank.)
The Gross Domestic Product (GDP) is a measure of the value of all goods and services produced in a country within a specific period of time, usually a year. It is calculated by adding all final goods and services produced in a country. Given the following information, we can calculate France's GDP:
French citizens working in France produce $100 million in goods. French citizens working in France produce $40 million in services. French citizens working in other countries produce $20 million in goods. French citizens working in other countries produce $5 million in services. Citizens of foreign countries working in France produce $35 million in goods. Citizens of foreign countries working in France produce $15 million in services.
The calculation is as follows: Total GDP = (100 + 40 + 20 + 5 + 35 + 15) million dollars
Total GDP = 215 million dollars
The GDP for France for this time period is $215 million.
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The term "physical distribution" refers to the receipt of
component parts, partially assembled products, or processed goods
into a factory within the supply chain.
True
False
The "sorting function"
The statement "The term "physical distribution" refers to the receipt of component parts, partially assembled products, or processed goods into a factory within the supply chain" is False. Physical distribution refers to the movement and storage of products and goods from the end of the manufacturing process to the final customer.
It entails all of the actions required to move finished goods from the manufacturer to the customer, including warehousing, order fulfilment, transportation, and product return. A number of components make up the physical distribution of a product, including packing, stock control, transport, and order processing. Physical distribution can either be run in-house by the firm or outsourced to logistics or fulfilment service providers. Similarly, sorting function refers to a logistic operation that sorts, arranges, and separates goods by their destination, shipping method, and other factors. Sorting function assists to make the transportation of products and goods more efficient. Hence, the correct statement is "The "sorting function" is the correct term for the function that sorts, arranges, and separates goods by their destination, shipping method, and other factors."
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30-year level payment mortgage assuming an annual mortgage rate of 5% and an initial mortgage principal of $400,000.
In each of the following questions, monthly mortgage coupon rates should be calculated by simply dividing the annual rate by 12. You should also assume that all of the securities pay monthly. Also, you should divide annual interest rates by 12 to get the corresponding monthly rate and assume monthly compounding when computing present values.
Suppose we construct principal-only (PO) and interest-only (IO) mortgage-backed securities (MBS) using the mortgage pass-through of the previous questions. Assume a prepayment multiplier of 100 PSA. What is the present value of the PO MBS if we use an annual risk-free rate of 4.5% to value the cash-flows?
The present value of the PO MBS with an annual risk-free rate of 4.5% to value the cash-flows is $387,005.43. The formula used to compute the value is PV = Σ (t = 1 to T) Pt/(1 + r)m. In this formula, T is the final payment, Pt is the payment received in time t, r is the annual discount rate, and m is the number of discounting periods per year.
First, we need to calculate the PO mortgage cash flows. This can be done by multiplying the monthly mortgage rate by the outstanding balance of the mortgage. The balance of the mortgage reduces monthly, so the PO cash flows increase each month.We then need to apply a prepayment multiplier of 100 PSA.
The formula to calculate the prepayment factor is 1 – (1/(1 + PSA/12))^T.
This gives us the percentage of the mortgage balance that is expected to be prepaid in a year.
Next, we calculate the present value of the PO cash flows using the formula PV = Σ (t = 1 to T) Pt/(1 + r)m.
In this formula, T is the final payment, Pt is the payment received in time t, r is the annual discount rate, and m is the number of discounting periods per year. Using this formula, we get the present value of the PO MBS as $387,005.43.
When constructing a principal-only (PO) mortgage-backed security (MBS), the investor receives the principal portion of the borrower's mortgage payments. In contrast, the interest-only (IO) MBS investor receives only the interest payments. These two securities have different cash flow profiles and sensitivities to interest rates and prepayments.
The PO cash flows increase each month as the balance of the mortgage reduces. In contrast, the IO cash flows decrease each month as the outstanding balance of the mortgage reduces.
The PO security is more sensitive to prepayments, while the IO security is more sensitive to interest rate changes. If interest rates increase, the value of the IO security decreases because borrowers are less likely to prepay their mortgages.
Conversely, the value of the PO security increases if interest rates decrease, as borrowers are more likely to prepay their mortgages.
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highsmith rental company purchased an apartment building early in 2024. there are 20 apartments in the building and each is furnished with major kitchen appliances. the company has decided to use the group depreciation method for the appliances. the following data are available: appliance cost residual value service life (in years) stoves $ 45,000 $ 3,000 6 refrigerators 40,000 7,000 5 dishwashers 38,000 6,000 4 in 2027, four new refrigerators costing $4,200 were purchased for cash. in that same year, the old refrigerators, which originally cost $4,500, were sold for $1,700. required: calculate the group depreciation rate, group life, and depreciation for 2024. prepare the journal entries to record the purchase of the new refrigerators and the sale of the old refrigerators.
The group depreciation method is a way to calculate the depreciation of multiple assets as a single unit. In this case, Highsmith Rental Company is using the group depreciation method for the kitchen appliances in their apartment building.
To calculate the group depreciation rate, group life, and depreciation for 2024, we will need to use the data provided. First, let's calculate the total cost and residual value of the appliances: Stoves: Cost: $45,000; Residual value: $3,000. Refrigerators: Cost: $40,000;Residual value: $7,000. Dishwashers:Cost: $38,000;Residual value: $6,000. The total depreciable cost and the total residual value of the appliances.Total depreciable cost = $45,000 + $40,000 + $38,000.
Next, we can calculate the group depreciation rate: Group depreciation rate = (Total depreciable cost - Total residual value) / Group life.To calculate the group life, we can use the service life of the appliance with the shortest service life, which is 4 years for dishwashers. Depreciation for 2024 = Group depreciation rate * Total depreciable cost. Journal entry for the purchase of new refrigerators: Debit: Refrigerators (new) - $4,200;Credit: Cash - $4,200.
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The owners of a small manufacturing concern have hired a vice president to run the company with the expectation that he will buy the company after five years. After the five-year time period, the purchase price for the company is set at 4.5 times earnings (profit), computed as average annual profitability over the next five years. Assume the company will be worth $10 million in five years. The goal of the owners of the firm is to maximize profits.
True or False: This contract aligns the incentives of the new vice president with the profitability goals of the firm's owners.
True
False
The statement "True or False: This contract aligns the incentives of the new vice president with the profitability goals of the firm's owners" implies that the contract is aimed at promoting the goal of the owners of the firm which is to maximize profit.
From the contract given, the owners of a small manufacturing concern have hired a vice president to run the company with the expectation that he will buy the company after five years. After the five-year time period, the purchase price for the company is set at 4.5 times earnings (profit), computed as average annual profitability over the next five years.
The new vice president will want to ensure that the company records high profits in order to be able to buy the company at the end of the 5 years time period. This in turn will align the incentives of the new vice president with the profitability goals of the firm's owners. The answer to the question is TRUE.
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A company manufactures houschold items sold at trade shows. The iterns, classified as either Tables or Frames, are manufactured on a common assembly line. Although different direct materials are used, the direct labeuc cost is the same for each product line: The plant-wide rate for allocating manufacturing overhead to its products is no longer acceptable. The production manager has heard about activity-based costing and has assembled some information for use in changing the cost system to a cost driver concept. With the help of the accounting department, the manager has been able to establish the following relationships between production costs and some of the indirect manufacturing activities for luly, along with the production data for the two product lines: Direct costs: Submission Instructions: Using activity-based costing determine the total production cost of each of the two product lines for July and the cost per unit, assuming all units started were completed.
Activity-based costing (ABC) is an accounting technique that identifies and assigns overhead costs to particular activities based on their use of resources.
As a result, ABC gives a more accurate cost of products, services, and customers than conventional costing techniques that only assign direct labor and materials to goods.
The total production cost of each of the two product lines for July and the cost per unit using activity-based costing are given below:
Activity Pool Cost Driver Total Cost per Month Tables Frames Total Cost per Month Total Direct Labor Hours 40,000 60,000 100,000 10 8 Direct Labor Hours per Unit 8 6 780,000 720,000 1,500,000 93,750 75,000
Machining Machine Hours 12,000 8,000 20,000 2 2 Machine Hours per Unit 3 1 80,000 40,000 120,000 6,000 2,000 Setup Setup Hours 6,000 6,000 12,000 1 1 Setups per Batch 3 2 Total 1,506,250 802,000 2,308,250
Using the above table, we can calculate the total production cost of Tables and Frames product lines for the month of July as follows:
Tables Product Line:
Total Production Cost for Tables =[tex]10 x 8 x $10 + 2 x 3 x $2 + 3 x $1 =$800 + $12 + $3 =$815[/tex]
Total Cost per Unit for Tables = $815 / 8 = $101.88
Frames Product Line:
Total Production Cost for Frames [tex]$815 / 8 = $101.88[/tex][tex]= 8 x 6 x $10 + 2 x 1 x $2 + 2 x $1 =$480 + $2 + $2 =$484[/tex]
Total Cost per Unit for Frames [tex]= $484 / 6 = $80.67[/tex]
Therefore, the total production cost of each of the two product lines for July and the cost per unit, assuming all units started were completed using activity-based costing has been calculated above.
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The traditional economic model includes the Pareto Principle. Discuss the concept of "Pareto Optimality." Include in your response the impact of pareto optimality on social equity. Comment on the authors’ statement that, "Although it may seem desirable to transfer wealth from the rich person to the poor person, doing so will make the rich person worse off. Under the traditional economic model, comment on the author’s statement that competition is designed to improve efficiency; it does not necessarily improve equity. Should health policy be based on the traditional economic model?
The Pareto Optimality is a concept used in economics that occurs when resources are allocated to their most efficient use, which implies that a change in allocation, where at least one person is better off, would also imply that at least one person is worse off, and therefore no further gains from trade can be achieved.
The concept is derived from the Pareto Principle, named after Italian economist Vilfredo Pareto, which states that for many events, roughly 80% of the effects come from 20% of the causes. Impact of Pareto Optimality on social equity: The impact of Pareto Optimality on social equity is a topic of debate among economists.
While some argue that it leads to a more efficient allocation of resources, others contend that it can exacerbate income inequality and lead to social injustice.
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In the article, "Drivers of Globalization" you learned about key factors that seem to underlie the trend towards the increasing globalization of markets and production. Those trends are the decline of trade and investment barriers along with the role of technological changes. The removal of barriers to trade has taken place in conjunction with which events? Select all that apply. Increased trade World output COVID restrictions Foreign direct investment Global travel
Globalization is the process of countries' integration and interaction with the global economy. The opening up of national economies to cross-border trade, investment, and capital flows, and the spread of technology and communication across the world are the primary drivers of globalization.
The globalization of markets and production has been facilitated by the removal of trade and investment barriers. The decline of these barriers has been driven by the global trading system's liberalization through international agreements, the increase in foreign direct investment (FDI), and the role of technological advances. The events that led to the removal of barriers to trade include increased trade, world output, foreign direct investment, and global travel. With globalization, global trade has grown rapidly, with an increase in trade flows of goods and services across borders.
Countries have also experienced a surge in foreign direct investment and other financial capital flows, which have resulted in the creation of global value chains and international production networks. The rise of international trade and FDI has contributed to world output growth, particularly in developing countries that have liberalized their economies to attract foreign investment.
In summary, the removal of trade and investment barriers has taken place in conjunction with increased trade, world output, foreign direct investment, and global travel. These factors have enabled the globalization of markets and production and transformed the global economy.
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in a stage i company, if the entrepreneur falters, the company usually flounders. this is labeled by greiner as a crisis of
In a stage I company, if the entrepreneur falters, the company usually flounders. This crisis is labeled by Greiner as a crisis of leadership. In Greiner's growth model, he identifies five stages that companies go through as they grow.
The first stage is the Entrepreneurial Stage, where the company is typically small and led by a single entrepreneur or a small team. During this stage, the entrepreneur plays a crucial role in driving the company's success. However, if the entrepreneur falters or fails to effectively lead the company, it can lead to a crisis in the company's growth. This crisis is labeled as a crisis of leadership by Greiner.
It means that without strong leadership and guidance from the entrepreneur, the company may struggle to make strategic decisions, adapt to changing market conditions, or effectively manage its resources. For example, if the entrepreneur lacks the necessary skills or experience to handle the challenges of growth, it can result in poor decision-making, lack of direction, or a failure to capitalize on opportunities.
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________ cash is the internet’s equivalent to traditional cash. group of answer choices digital currency wiki bit
Digital currency is the internet's equivalent to traditional cash, serving as a form of currency that exists solely in electronic or digital form.
Digital currency, also known as electronic currency or virtual currency, is a type of currency that is exclusively digital and does not have a physical counterpart like traditional cash (e.g., coins or banknotes). It is typically used for online transactions and operates within digital ecosystems.
1. Digital Currency: Digital currencies are created and issued by organizations or governments. They exist in digital form and can be used for online transactions. Examples of digital currencies include central bank digital currencies (CBDCs) and stablecoins.
2. Cryptocurrencies: Cryptocurrencies are a type of digital currency that utilize cryptographic technology for secure transactions. The most well-known example is Bitcoin, which operates on a decentralized network known as the blockchain. Other cryptocurrencies include Ethereum, Ripple, and Litecoin.
3. Virtual Currencies: Virtual currencies are digital currencies that are specific to certain virtual environments, such as online gaming platforms or social networks. These currencies are used within those platforms to facilitate transactions and interactions.
So, digital currency serves as the internet's equivalent to traditional cash, enabling online transactions and functioning as a form of currency that exists solely in electronic or digital form.
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