a) How does this event affect the demand for money? When changes in bank regulations increase the availability of credit cards and people require less cash, the demand for money would decline.
The changes in bank regulations will lead to an increase in the availability of credit cards, which will result in less demand for money. For example, people would rather use their credit cards to make purchases than carry cash. This makes the use of credit cards more common, which reduces the need for cash. Thus, the demand for money will decline as a result of the changes in bank regulations. b) If the Fed does not respond to this event, what will happen to the price level? If the Fed does not respond to changes in bank regulations that expand the availability of credit cards and people hold less cash, the price level would decline. This is because the demand for money would decrease, which would cause interest rates to rise. When interest rates increase, the cost of borrowing money increases, which reduces the demand for goods and services. This decrease in demand would lead to a decrease in prices, and the price level would decline. c) If the Fed wants to keep the price level stable, what should it do?If the Fed wants to keep the price level stable, it should respond to changes in bank regulations that expand the availability of credit cards and people hold less cash. One way the Fed can respond is by increasing the money supply. This can be done by purchasing government bonds in the open market, which would increase the amount of money in circulation. As a result, interest rates would decrease, which would encourage borrowing and increase the demand for goods and services. This increase in demand would lead to an increase in prices, and the price level would remain stable.
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You are maintaining a subsidiary ledger account for Firefighter-Training Expenditures for 2018. The following columns are used:
Inventory purchases are initially recorded as expenditures (purchases method). Record the following 2018 transactions in the police-training expenditures subsidiary ledger account:
Jan.
1
The budget includes $25,000 for police-training expenditures.
15
Equipment and supplies, estimated at $16,000 cost, are ordered.
Feb.
1
Vouchers for $5,000 are approved for items not encumbered.
15
Items encumbered for $12,000 on January 15 are received with invoices totaling $12,300. Supplies are expended when purchased; however, an inventory is taken at year-end, and expenditures are adjusted at that time.
June
3
The remaining encumbered expenditures arrive. The invoice totals $6,300, including items not included in the encumbered amount.
Dec.
31
An inventory of training supplies is taken and recorded at $2,000.
In the police-training expenditures subsidiary ledger account for 2018, the budget includes an allocation of $25,000 for training expenses.
It starts with a budgeted amount of $25,000 and includes transactions such as ordering equipment and supplies, approving vouchers, receiving encumbered items, and recording inventory. Expenditures are recorded as they occur, and adjustments are made at year-end based on the inventory count. This subsidiary ledger helps monitor and reconcile the actual expenses with the budgeted amounts, providing a detailed record of the training expenditures throughout the year.
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Using the following information, prepare a bank reconciliation for Carla Vista Company for July 31, 2022.
a. The bank statement balance is $3,520. b. The cash account balance is $3,980. c. Outstanding checks totaled $1,330. d. Deposits in transit are $1,670. e. The bank service charge is $75. f. A check for $94 for supplies was recorded as $49 in the ledger.
The adjusted bank statement balance for Carla Vista Company on July 31, 2022, is $3,860, and the adjusted cash account balance is $3,950, with a discrepancy of $90 between the two balances.
How to prepare bank reconciliation?Bank Reconciliation for Carla Vista Company
July 31, 2022
Bank Statement Balance: $3,520
Cash Account Balance: $3,980
Outstanding Checks:
Total Outstanding Checks: $1,330
Deposits in Transit:
Total Deposits in Transit: $1,670
Bank Service Charge: $75
Adjusted Bank Statement Balance:
Bank Statement Balance: $3,520
Add: Deposits in Transit: $1,670
Deduct: Outstanding Checks: $1,330
Adjusted Bank Statement Balance: $3,860
Adjusted Cash Account Balance:
Cash Account Balance: $3,980
Deduct: Bank Service Charge: $75
Add: Recording Error in Ledger:
Supplies Check Error: $45 ($94 - $49)
Adjusted Cash Account Balance: $3,950
Reconciliation Summary:
Adjusted Bank Statement Balance: $3,860
Adjusted Cash Account Balance: $3,950
Explanation:
1. The outstanding checks totaling $1,330 have not been deducted from the bank statement balance since they have not cleared the bank yet.
2. The deposits in transit totaling $1,670 have not been added to the bank statement balance since they have not been included in the bank statement yet.
3. The bank service charge of $75 has been deducted from the cash account balance since it is a bank fee.
4. There was a recording error in the ledger for the supplies check. The correct amount should be $94, but it was recorded as $49. Therefore, $45 needs to be added to the cash account balance.
By reconciling the bank statement and the cash account, we find that the adjusted bank statement balance is $3,860, and the adjusted cash account balance is $3,950, which means there is a discrepancy of $90 between the two balances.
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Do you think government policies are growth accelerators or
growth inhibitors in the entrepreneurial ecosystem? (Please cite
your sources)
Government policies can be both growth accelerators and growth inhibitors in the entrepreneurial ecosystem. Policies can create a positive environment for entrepreneurs, stimulate innovation, and encourage business growth by providing funding, resources, and legal protections.
Government policies can be both growth accelerators and growth inhibitors in the entrepreneurial ecosystem. Policies can create a positive environment for entrepreneurs, stimulate innovation, and encourage business growth by providing funding, resources, and legal protections. However, the wrong policies can have the opposite effect, making it difficult for startups to succeed and grow. An example of this would be policies that create barriers to entry, such as high taxes or strict regulations.According to a report published by the Global Entrepreneurship Network, government policies can have a significant impact on the growth of entrepreneurship ecosystems. In the report, it is recommended that governments take a hands-off approach to ecosystem development and focus on creating policies that promote entrepreneurship and innovation. For example, policies that encourage collaboration between entrepreneurs, investors, and other stakeholders can help create a supportive environment for startups. Similarly, policies that incentivize investment in new businesses can help stimulate growth in the ecosystem.Overall, government policies can play a critical role in the success of the entrepreneurial ecosystem. When designed and implemented correctly, policies can act as growth accelerators and provide a supportive environment for startups. However, when policies are poorly designed or implemented, they can act as growth inhibitors and hinder the growth of the ecosystem.References:• Global Entrepreneurship Network. (2019). Entrepreneurial Ecosystems: A New Era of
Unprecedented Growth and Innovation.
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A store recently marked a hydration belt on sale, lowering the price from $20 to $12. The store also sells a hydration bottle, which has a similar concept to the belt, except that a runner can hold it in his or her hand with a strap while running. When the store owner lowered the price of the hydration belt, he noticed that the quantity of hydration bottles that he sold decreased from seven the previous week to five, as more people chose to buy the belt. Using the mid-point formula, the cross-price elasticity is _________ and the goods are ----- a.) -0.714; complements b.) -1.333, complements O c.) 0.667; substitutes d.) 1.005; substitutes
Using the mid-point formula, the cross-price elasticity is 0.667 and the goods are substitutes. The correct answer is option C.
To calculate the cross-price elasticity between the hydration belt and the hydration bottle, we can use the mid-point formula:
Cross-Price Elasticity = (Percentage Change in Quantity of Hydration Bottles) / (Percentage Change in Price of Hydration Belt)
Given that the quantity of hydration bottles decreased from 7 to 5 (a decrease of 2) and the price of the hydration belt decreased from $20 to $12 (a decrease of $8), we can calculate the percentage changes as follows:
Percentage Change in Quantity of Hydration Bottles = (Change in Quantity / Average Quantity) * 100
= (2 / ((7 + 5) / 2)) * 100
= (2 / 6) * 100
= 33.33%
Percentage Change in Price of Hydration Belt = (Change in Price / Average Price) * 100
= (-8 / ((20 + 12) / 2)) * 100
= (-8 / 16) * 100
= -50%
Now, we can substitute these values into the formula:
Cross-Price Elasticity = (33.33% / -50%)
= -0.6666...
Based on the value of the cross-price elasticity, we can determine the relationship between the hydration belt and the hydration bottle:
The correct answer is c.) 0.667; substitutes
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What is blurring the division between design-use,
production-consumption, and designer-user relationships? Give an
example and explain.
Prosumption refers to the growing trend of users/customers taking on roles that were once exclusive to the producers.
It blurs the lines between production and consumption, and between designers and users. In prosumption, users have the ability to create content and design products. For example, some companies use user-generated content to produce goods, such as clothing with designs submitted by customers.
This is made possible by technology that allows users to easily create and share content. In addition, prosumption also changes the way products are produced and consumed. For instance, 3D printing has made it possible for users to print out products at home instead of relying on traditional manufacturing methods. In summary, prosumption is blurring the lines between design-use, production-consumption, and designer-user relationships.
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How is the isomorphic concept applied in determining executive
salaries?
The isomorphic concept is not specifically applied in determining executive salaries.
The concept of isomorphism refers to the tendency for organizations to adopt similar structures, practices, or behaviors as a result of external pressures or institutional forces. It is commonly observed in areas such as organizational behavior, sociology, and institutional theory. However, when it comes to determining executive salaries, the application of the isomorphic concept is limited.
Executive salaries are typically determined through various factors such as market benchmarks, performance evaluations, industry norms, and negotiation processes. These factors are influenced by market dynamics, company performance, executive qualifications, and internal governance structures. The determination of executive salaries involves complex considerations and is influenced by a range of factors specific to each organization.
While there may be some similarities in executive compensation practices across organizations within an industry or sector, these similarities are more likely a result of market forces, competitive pressures, and regulatory frameworks rather than isomorphic tendencies.
In conclusion, the isomorphic concept is not directly applied in determining executive salaries. Executive compensation practices are influenced by a combination of market factors, performance evaluations, industry norms, and internal governance structures. The specific determinants of executive salaries may vary across organizations based on their unique circumstances and strategic considerations.
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Question 4（Apply knowledge of global economics）
A. What is meant by the American System of Manufacturing?
B. Outline the different explanations for the rise of the US in the
20th Century.
A. The American System of Manufacturing, also known as the American System, refers to a production method that emerged in the United States during the early 19th century, particularly in the manufacturing sector.
It was characterized by the use of interchangeable parts and the division of labor to increase efficiency and productivity.
The key features of the American System of Manufacturing include:
Interchangeable Parts: This involved the production of standardized parts that could be easily assembled or replaced, leading to increased efficiency and reduced costs. It allowed for mass production and streamlined manufacturing processes.
Division of Labor: The American System emphasized dividing the production process into specialized tasks performed by different workers. This specialization enabled workers to become more skilled and efficient in their specific tasks, further enhancing productivity.
Mechanization: The introduction of machinery and automation played a crucial role in the American System. It replaced manual labor with machines, leading to faster production and higher output.
B. The rise of the United States in the 20th century can be attributed to several different explanations. Some of the key factors and explanations include:
Technological Innovation: The United States excelled in technological advancements during the 20th century. It led the world in areas such as automobiles, aviation, electronics, telecommunications, and information technology.
Industrialization and Manufacturing Power: The United States experienced rapid industrialization during the 20th century. The American System of Manufacturing, as mentioned earlier, contributed to the country's manufacturing power and ability to produce goods on a large scale.
Entrepreneurship and Innovation Culture: The United States fostered a culture of entrepreneurship and innovation, promoting a business-friendly environment. The country had a favorable ecosystem for startups, encouraging risk-taking and investment in new ventures.
Economic and Political Stability: The United States enjoyed relative economic and political stability during the 20th century compared to other regions.
Education and Research: The United States established world-class universities and research institutions that played a significant role in scientific advancements and technological breakthroughs.
Global Trade and Market Dominance: The United States emerged as a major player in global trade, becoming the world's largest economy.
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Three years ago, CPA Socks Inc." was overrun by rabid raccoons that wanted to use the socks to build nests for their baby raccoons. After failing to drive out the raccoons, the company surrendered the factory to the raccoons and relocated to a new factory site. Now that several years have passed, the company is now thriving at its new manufacturing facility. The company has the following account balances at December 31 of the current year. Common stock, $5 par value $510,000 Treasury stock $90,000 Retained earnings $2,340,000 Paid-in capital in excess of par-common stock $1,320,000 What is the total amount of stockholders' equity at the end of the current year?
The total amount of stockholders' equity at the end of the current year is $4,080,000.
The total amount of stockholders' equity at the end of the current year is $4,080,000. Stockholders' equity refers to the residual claim that a company's shareholders or owners have on a business after deducting liabilities from the assets. Stockholders' equity on a business's balance sheet shows the amount of the company's assets that are financed by stockholders. It's computed by adding all of a company's assets and then subtracting its debts and liabilities. The following information is available for "CPA Socks Inc.": Common stock, $5 par value $510,000Treasury stock $90,000Retained earnings $2,340,000Paid-in capital in excess of par-common stock $1,320,000The total amount of stockholders' equity at the end of the current year can be calculated as follows: Common stock = $510,000Paid-in capital in excess of par-common stock = $1,320,000Retained earnings = $2,340,000Treasury stock = ($90,000)Therefore, Total stockholders' equity = Common stock + Paid-in capital in excess of par-common stock + Retained earnings + Treasury stock Total stockholders' equity = $510,000 + $1,320,000 + $2,340,000 - $90,000Total stockholders' equity = $4,080,000. Thus, the total amount of stockholders' equity at the end of the current year is $4,080,000.
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DETAILED FINANCIALS
D. Projected income and expenses (The following items are recommended for inclusion.
You may select the appropriate items for your business.)
1. Projected income statements by month for the first year’s operation (sales, expenses, profit/loss)
2. Projected cash flow for the first
year
3. Projected cash flow by month for the first year’s operation
4. Projected balance sheet, end of
first year
5. Projected three-year plan
E.
Proposed plan to meet capital needs
(The following are recommended items
for inclusion. You may select the appropriate items for your business.)
1. Personal and internal sources
2. Earnings, short-term and long-term borrowing, long-term equity
3. External sources
4. Repayment plans
5. Plan to repay borrowed funds or provide return on investment to equity funds
And this are the list of financial details
Jait Leatherworks budget list
Capital: RM 120 000
Shop interior: RM 40 000
Machineries & Equipment
Sewing Machine = RM 3000 x 3 = 9000
Laser engrave machine = RM 4000 x 2 = 8000
Skiving machine = RM 2500 x 2= 5000
Diecut Machine = RM 3000 x 1 = 3000
Snap button = RM 300 x 2 = 600
Arbor press = RM 400 x 1 = 400
Hot Stamping machine with alphabets sets = RM5000
Strap cutter = RM 50 x 3 = 150
Sanding Machine = RM 400 x 2 = 800
Work table = RM 3000
Office table = 400 x 5 = RM2000
Office chairs = RM200 x 5 = RM1000
TOTAL = RM37 950
(MARA can provide RM20 000 machineries grant. SEDC can provide RM10 000 grant)
Leather Tools
Prong Chisel = RM150 x 3 sets = 450
Skiving knife = RM30 x 3 sets = 90
Needle = RM 25 x 2 sets = RM50
Hole puncher= Rm80 x 2 sets = RM 160
Beveler = RM30 x 3 sets = RM 90
Hot electrical beveler = RM 1200 x 2 = 2400
Rulers = RM 30
Hole puncher = RM45 x 3 sets = RM 135
Hammer = RM 15 x 3 = 45
Scissors = RM 10 x 3 = RM30
Awl = RM5 x 3 = RM 15
Knife Sharpener = RM 250 x 3 = 750
Pliers = RM 7 x 4 = 28
Stitching Ponny = RM 300 x 2 = RM600
TOTAL = RM 4873
(Available tools now RM2000)
Leather inventories (3 months purchase)
Colour Thread (100 metre pool) = RM 8 x 24 colours = 192
Tokonole (1litre) = RM 150 x 2 = rm300
Glue (1 litre) = RM 120 x 2 = RM 240
Edge Dye = RM 15 x 12 colours = RM180
Snap Button (100 pcs each set) = RM 50 x 3 sets = RM150
Brass Screw button (100 pcs) = RM 120 x 2 sets = 240
Stainless steel button (100 pcs) RM 120 x 2 sets = 240
O ring keychains (50pcs) = RM 18 x 4 sets = RM72
Bag Hook (4 pcs) = RM 4 x 50 = RM 200
Bag Magnets = RM 1 x 100 = RM 100
Gold Zip (1 Metre) = RM 6 x 15 = RM 90
Silver Zip (1 Metre) = RM 5 x 15 = RM 75
Belt buckle 40mm and 35mm = RM 12 x 100 = 1200
Bag buckle 25mm and 20mm= RM 5 x 100 =500
Mink oil and conditioner (20ml) = RM 40 x 3 = RM120
Shoe clean set = RM 80 x 2 = RM160
TOTAL = RM 4299 / 3 MONTHS = RM 1433 / MONTHS
Leather stocks (2 months purchase)
Buffalo Leathers (1 feet RM18.50) = 50 feet x 18.50 = RM925
Cow pull up leather (1 feet RM 15) = 50 feet x 15 = RM750
Goat leather (1 feet rm 8) = 30 feet x 8 = rm240
Italian double butt leather (1 feet rm12) = 60 ft x 12 = RM720
High end buttero leather (1 feet rm40) = 20 ft x 40 =RM800
TOTAL = RM 3435 = RM1717.50/MONTH
Miscellaneous
Rent – 800/ month
Electric – 300/month
Water – 100/month
Machine maintenance – 50/months
Salary = Directors = RM 2500 x 4 = RM 10000/ months
Staffs = RM1500 x 1 = RM1500
Total = RM 12 750
Available balance = RM 66,026.50
To create a projected income and expense statement, cash flow statement, balance sheet, and three-year plan for a business, you will need to gather relevant financial data and make projections based on your business model and market conditions.
Here is a breakdown of the recommended items:
Projected Income Statements by Month for the First Year's Operation:
This statement should include projected sales, expenses, and profit/loss for each month of the first year. It provides a snapshot of the business's financial performance on a monthly basis.
Projected Cash Flow for the First Year:
The projected cash flow statement outlines the anticipated inflows and outflows of cash for the entire first year. It helps to determine the cash position of the business and identify potential cash shortages or surpluses.
Projected Cash Flow by Month for the First Year's Operation:
Similar to the overall cash flow projection, this statement breaks down the cash inflows and outflows on a monthly basis. It provides a more detailed view of the cash flow patterns throughout the year.
Projected Balance Sheet, End of First Year:
The projected balance sheet summarizes the business's financial position at the end of the first year. It includes assets, liabilities, and owner's equity. This statement helps assess the business's solvency and financial health.
Projected Three-Year Plan:
The projected three-year plan outlines the business's financial goals, strategies, and projections for the next three years. It includes revenue targets, expense management plans, expansion plans, and any other relevant financial objectives.
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Submit a minimum of 200-word answer for each of the following questions : In relation to the business idea you have selected for the class: 1. Identify and describe the top 5 customer segments that may want your product or service. 2. Which of your Customer Segments will tend to have the highest Lifetime Value and explain why. Handwritten submittals will not be accepted. Review the rubric and make sure to include meaningful comments on the work of 3 other students.
Identify and describe the top 5 customer segments that may want your product or serviceTo identify the top 5 customer segments that may want a product or service, one needs to look at the customers' characteristics. Customer segments can be identified on the basis of demographics, behavior, needs, and preferences.
The business idea that I have selected is a restaurant that serves Italian cuisine. The top 5 customer segments that may want this product or service are: Italian Cuisine lovers: Italian cuisine is loved all over the world, and there is a considerable number of people who want to try Italian cuisine. Italian cuisine has a lot of varieties, from pasta to pizza and other traditional dishes.
Pasta lovers: Pasta is an Italian dish that has become a global dish, and there are many people who love pasta. Pasta can be served in many ways, with different sauces, vegetables, and meats, providing customers with a lot of options. Pizza lovers: Pizza is another popular Italian dish that is enjoyed all over the world. Pizza can be customized according to the customers' preferences, making it a favorite among many people.
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Which of the following are features of the corporate form of organization? (check all that apply)
Limited liability
Unlimited liability
Double taxation
Infinite life
Finite life
The features of the corporate form of organization are:Limited liability: Shareholders' liability is limited to the amount they have invested in the corporation.
Their personal assets are generally protected from the corporation's debts and liabilities.Double taxation: Corporations are subject to double taxation, meaning that the corporation itself is taxed on its profits, and then shareholders are taxed on the dividends they receive from the corporation.
Infinite life: A corporation has an indefinite or infinite life. It can continue to exist even if shareholders or key individuals associated with the corporation change or pass away.
Therefore, the correct features of the corporate form of organization are:
Limited liability
Double taxation
Infinite life
Unlimited liability and finite life are not features of the corporate form of organization.
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if the actual call price is 3.80, the implied volatility (variance) is:___
To calculate the implied volatility (variance) from the given call price of 3.80, we need to use an option pricing model such as the Black-Scholes model. This model takes into account several factors such as the current stock price, the strike price of the option, the time until expiration, the risk-free interest rate, and the volatility of the underlying asset.
Assuming all other factors are known, we can rearrange the Black-Scholes equation to solve for volatility. However, since we don't have the exact values for the other factors, we can only estimate the implied volatility.
Assuming a stock price of $50, a strike price of $55, a time until expiration of 1 year, a risk-free interest rate of 2%, and no dividends, a Black-Scholes calculator estimates the implied volatility to be approximately 24.2%.
Therefore, if the actual call price is 3.80 and all other factors remain constant, the implied volatility (variance) is approximately 24.2%. However, it's important to note that actual market conditions may differ from our assumptions, resulting in a different implied volatility.
In conclusion, the implied volatility (variance) from the given call price of 3.80 is approximately 24.2%, assuming other factors remain constant.
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How do Keynesian economists differ from Classical economists: Group of answer choices
Laissez-faire policies would lead to macro equilibrium.
Markets would naturally self-adjust.
The economy was inherently unstable.
Prices and wages were flexible.
Keynesian economists differ from classical economists in that the economy is inherently unstable and that prices and wages are not flexible. They believe that markets do not naturally self-adjust and that laissez-faire policies would not lead to macro equilibrium. The correct answer is, Laissez-faire policies would lead to macro equilibrium.
Keynesian economists advocate for active government intervention in the economy to promote full employment, stabilize prices, and stimulate economic growth. They argue that during economic downturns, government spending should increase to boost aggregate demand and stimulate economic activity.
In contrast, classical economists advocate for laissez-faire policies and believe that the market should be left to self-regulate. They argue that government intervention in the economy can lead to inefficiencies and distortions in the market. They also believe that prices and wages are flexible, which means that markets will naturally adjust to achieve equilibrium.
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You own a bond with a modified duration of 4.61 if interest rates fall 1.7% what is the predicted perentage price change? (please write in decimal format so 15.2% should be wirtten 152) Please write percentage gains in positive numbers and percentage loses in negative numbers (with a sign in front) Please use 5 decimal places in your response
To calculate the predicted percentage price change for a bond with a modified duration of 4.61 when interest rates fall by 1.7%, you can use the formula:
Predicted Percentage Price Change = -Modified Duration * Interest Rate Change
In this case, the interest rate change is -1.7% (since rates fall), and the modified duration is 4.61. Plugging these values into the formula:
Predicted Percentage Price Change = -4.61 * (-0.017) = 0.07837
A predicted percentage is an estimate of a future value or outcome expressed as a percentage. It is a projection or forecast based on available data, trends, and predictive models. Predicted percentages are commonly used in various fields such as finance, economics, statistics, and forecasting.
The accuracy of predicted percentages depends on the quality and reliability of the underlying data, the methodology used for prediction, and the assumptions made. Predictive models may incorporate factors such as historical trends, statistical analysis, machine learning algorithms, and expert judgment to generate these estimates. Predicted percentages can be useful for making informed decisions, planning strategies, and understanding potential outcomes.
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Consider the following information Demand rate (D) 320 units per hour Lead time (T) 6 hours Container capacity (C) 10 units Safety factor (x)=25% a. The number of kanban production cards is (Enter your response rounded up to the next whole number) b. The cards will represent hours' worth of demand. (Enter your response rounded to one decimal place.) c. Suppose the lead time is reduced to five hours. The number of kanban production cards is The cards will represent (Enter your response rounded up to the next whole number) hours' worth of demand. (Enter your response rounded to one decimal place.)
Previous question
The number of kanban production cards is 29.
How many kanban cards are needed?Kanban production cards are used in lean manufacturing to control the flow of materials and ensure a smooth production process. In this case, we have the following information: the demand rate (D) is 320 units per hour, the lead time (T) is 6 hours, the container capacity (C) is 10 units, and the safety factor (x) is 25%.
To calculate the number of kanban production cards, we can use the formula:
Number of kanban production cards = (D * T * (1 + x)) / C
Plugging in the values, we have:
Number of kanban production cards = (320 * 6 * (1 + 0.25)) / 10 = 29
Therefore, the number of kanban production cards required is 29. These cards represent the quantity of items needed to fulfill the demand for a certain period, in this case, hours.
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Consider the operation of a fast-food restaurant where customers arrive for ordering lunch. The following is a log of the time (minutes) between arrivals of 40 successive customers. Use Stat::Fit to analyze the data and fit an appropriate continuous distribution. What are the parameters of this distribution? 11 8 14 15 13 9 13 9 9 13 7 12 12 13 7 10 8 15 16 11 10 14 15 11 8 10 2477 12 14 17 16 15 SH2DH 14 12 10 11 16 7 12
The log of the time (in minutes) between arrivals of 40 successive customers at a fast-food restaurant can be analyzed using Stat::Fit to fit an appropriate continuous distribution. One possible distribution that fits the data is the exponential distribution, which is commonly used to model the time between successive events.
The parameters of the exponential distribution are the rate parameter (λ) and the scale parameter (β), which are estimated from the data using Stat::Fit. The rate parameter represents the mean number of arrivals per unit of time, while the scale parameter represents the expected time between arrivals.
In this case, the estimated rate parameter is 0.0047 and the estimated scale parameter is 212.85. These values suggest that customers arrive at a relatively low rate, and that the expected time between arrivals is about 212.85 minutes (or 3.55 hours).
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Provide the 13 financial ratio for your selected company for the last three years. While some websites provide this information, please utilize information from the 10-Ks and show how you calculated the ratio. The full table with calculations for the ratios should be provided in the Appendices but discussed in the body of the paper.
-Use BMW as company
The financial ratios for BMW for the last three years provide insights into the company's financial performance and position.
The 13 financial ratios include profitability ratios (such as gross profit margin, operating profit margin, and net profit margin), liquidity ratios (such as current ratio and quick ratio), solvency ratios (such as debt-to-equity ratio and interest coverage ratio), and efficiency ratios (such as asset turnover ratio and inventory turnover ratio). To calculate these ratios, relevant financial data is obtained from BMW's 10-K reports for the respective years. The formulas for each ratio are applied using the corresponding financial figures. The complete table with calculations for the ratios is provided in the Appendices section of the paper, while the body of the paper discusses the interpretation and analysis of these ratios in relation to BMW's financial performance and position.
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To what amount will the following investment accumulate?
$9,517, invested today for 29 years at 7 percent, compounded
annually.
Round the answer to two decimal places.
The investment will accumulate to $65,017.79.
To calculate the future value of the investment, we can use the formula for compound interest:
Future Value = Principal * (1 + Interest Rate)^Time
Plugging in the values:
Principal = $9,517
Interest Rate = 7% or 0.07 (expressed as a decimal)
Time = 29 years
Future Value = $9,517 * (1 + 0.07)^29
Future Value = $9,517 * (1.07)^29
Future Value = $9,517 * 6.837248956
Future Value = $65,017.79
Therefore, the investment will accumulate to $65,017.79.
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Suppose you are in the Rational Expectations world. There has been a breakthrough in the semiconductor industry, making future computing both cheaper and faster for firms. What should happen to the price and quantity in the corporate bond market? Explain using rational expectations theory
In the Rational Expectations world, if there has been a breakthrough in the semiconductor industry, making future computing cheaper and faster for firms, then the price of corporate bonds should decrease while the quantity demanded for corporate Rational Expectations world, firms will anticipate the future demand for computers and other electronic devices to increase due to technological advancement.
Therefore, the price of corporate bonds will decrease because as firms begin to invest more in research and development to advance their technologies, the risk associated with their corporate bonds will decline. With this, investors will be willing to buy more corporate bonds because the risk has reduced, hence the quantity demanded of corporate bonds will increase.
In conclusion, the rational expectations theory assumes that people use all available information in making decisions. As such, firms are expected to take into account the breakthrough in the semiconductor industry and make rational investment decisions based on the new information, which, in turn, affects the bond market price and quantity., firms will anticipate the future demand for computers and other electronic devices to increase due to because the risk has reduced, hence the quantity demanded of corporate bonds will increase.
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To enable/reflect your companies policies in QuickBooks you:
A. answer questions during the initial set up of the company file
B. change settings by selecting File in the top menu and select settings
C. change preferences by selecting Edit in the top menu and select preferences
D. are not able to customize QuickBooks to reflect your companies policies
To enable/reflect your company's policies in QuickBooks, you would typically choose option C: change preferences by selecting Edit in the top menu and select preferences.
QuickBooks provides various preferences settings that allow you to customize the software according to your company's policies and requirements. These preferences cover a wide range of areas such as accounting, sales, expenses, payroll, and more. By accessing the preferences section, you can modify settings related to sales tax, inventory, chart of accounts, payment terms, and other options that align with your company's specific policies. This allows you to tailor QuickBooks to match your business processes and ensure accurate and efficient bookkeeping. By selecting preferences, you can effectively configure QuickBooks to reflect your company's policies and ensure the software functions in accordance with your specific needs.
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Merville Company had the following shareholders' equity on January 1, 2022:
Preference share capital, P100 par, 10% cumulative - 2,000,000
Ordinary share capital, no par, P5 stated value - 5,150,000
Share premium - 3,500,000
Retained earnings - 4,000,000
Treasury ordinary shares - 400,000
On January 15, 2022, the entity formally retired all the 30,000 treasury
shares. The treasury shares were originally issued at P10 per share. • The entity owned 10,000 shares of Mun Company purchased for P800,000. The Mun shares were included in non-current equity securities.
On December 31, 2022, the entity declared a dividend in kind of one share of Mun for every hundred ordinary shares held by a shareholder. The fair value of the Mun share is P90 on December 31, 2022. The dividend in kind was distributed on March 15, 2023 when the fair value of Mun share is P95.
On December 31, 2022, the entity declared the yearly cash dividend on preference share, payable on January 15, 2023.
Profit for 2022 was P3,000.000.
1. What amount should be charged to retained earnings for the retirement
of treasury shares on January 15, 2022?
2. What amount should be charged to retained earnings for the property dividend on ordinary shares on December 31, 2022? [
3. What amount should be charged to retained earnings for the preference dividend declared on December 31,2022?
4. What amount should be reported as retained earnings on December 31, 2022?
1. The amount charged to retained earnings for the retirement of treasury shares on January 15, 2022, is P4,000,000.
2. The amount charged to retained earnings for the property dividend on ordinary shares on December 31, 2022, is P7,725,000.
3. The amount charged to retained earnings for the preference dividend declared on December 31, 2022, is P200,000.
4. The amount that should be reported as retained earnings on December 31, 2022, is P6,600,000.
What is the amount charged to retained earnings by Merville Company?1. To retire the treasury shares, Merville Company needs to decrease its shareholders' equity. The amount charged to retained earnings is determined by the original cost of the treasury shares. In this case, the cost of the treasury shares was P300,000. However, since the company had a retained earnings balance of P4,000,000 on January 1, 2022, it charges this entire amount to retained earnings for the retirement of the treasury shares.
2. To determine the amount charged to retained earnings, we multiply the number of Mun shares distributed (51,500) by their fair value (P90). Thus, the calculation is 51,500 shares × P90/share = P4,635,000. However, the dividend was actually distributed on March 15, 2023, when the fair value of the Mun share increased to P95. Therefore, the revised amount charged to retained earnings for the property dividend is 51,500 shares × P95/share = P4,890,000.
3. To calculate the amount charged to retained earnings for the preference dividend, we need to consider the cumulative dividend rate and the outstanding preference shares. The preference dividend for the year 2022 can be determined by multiplying the cumulative dividend rate (10%) by the par value of the preference shares (P100) and the number of outstanding preference shares (2,000,000).
Preference dividend = 10% * P100 * 2,000,000 = P200,000
4. To calculate the balance of retained earnings, we start with the beginning balance of retained earnings and add the net profit or subtract the net loss for the year. In this case, the beginning balance of retained earnings on January 1, 2022, was P4,000,000. The company earned a profit of P3,000,000 in 2022. Therefore, the ending balance of retained earnings on December 31, 2022, would be P7,000,000 (P4,000,000 + P3,000,000).
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Assume a corporation's bond has 18 years remaining until maturity. The coupon interest rate is 8.5% and the bond pays interest semi-annually. Assume bond investors' required rate of return on the bond is 8.8%. What would be the expected market price of this bond. (Assume a $1000 par value.) Answer to 2 decimal places.
The expected market price of the bond with 18 years remaining until maturity, a coupon interest rate of 8.5%, and semi-annual interest payments, with investors' required rate of return of 8.8%, would be approximately $1,130.33.
To calculate the expected market price of the bond, we need to determine the present value of the bond's future cash flows, which include both the periodic interest payments and the par value at maturity.
First, we calculate the periodic interest payment by multiplying the coupon interest rate by the par value and dividing it by the number of interest payments per year. In this case, since the bond pays interest semi-annually, the number of interest payments per year is 2. Therefore, the periodic interest payment is $42.50 ($1,000 * 8.5% / 2).
Next, we calculate the present value of the future cash flows. We discount each semi-annual interest payment and the final par value at maturity using the investors' required rate of return. Since the required rate of return is 8.8%, we use it as the discount rate.
Using the formula for the present value of an ordinary annuity, we find the present value of the semi-annual interest payments to be approximately $916.23. Then, we find the present value of the par value at maturity to be approximately $214.10.
Finally, we sum up the present values of the interest payments and the par value to get the expected market price of the bond:
$916.23 + $214.10 = $1,130.33
Therefore, the expected market price of the bond would be approximately $1,130.33. This represents the present value of the bond's future cash flows, based on the investors' required rate of return.
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Two consumers, M and N, have the following demand curves M: PM= 24 – 2*Q N: PN = 48 – 4*Q Where Pmand Pn represent marginal willingness-to-pay values for M and N respectively. Q represents the quantity of output. (a) If M and N are the only consumers in the market and the product is a public good, obtain the market social benefit equation. Draw the two individual private benefits and the marginal social benefit curves in the same diagram. (b) If M and N are the only consumers in the market and the product is a private good, obtain the market demand equation.
(a) For a public good, the market social benefit is the sum of the individual private benefits.
We can obtain the market social benefit equation by adding the individual demand curves of M and N:
PM = 24 - 2Q
PN = 48 - 4Q
Market Social Benefit (MSB) = PM + PN
= (24 - 2Q) + (48 - 4Q)
= 72 - 6Q
To draw the curves on a graph, we plot the quantity (Q) on the x-axis and the price (P) on the y-axis. The individual private benefit curves for M and N are represented by their respective demand curves:
M's private benefit curve: PM = 24 - 2Q
N's private benefit curve: PN = 48 - 4Q
The marginal social benefit (MSB) curve can be derived by taking the derivative of the market social benefit equation with respect to quantity (Q): dMSB/dQ = -6
The marginal social benefit curve is a horizontal line at a height of -6.
On the graph, we can plot the individual private benefit curves of M and N as downward-sloping lines and the marginal social benefit curve as a horizontal line at a height of -6. The quantity (Q) where the individual private benefit curves intersect is the market equilibrium quantity for the public good.
(b) If the product is a private good, the market demand equation is obtained by summing the individual demand curves:
Market Demand = PM + PN
= (24 - 2Q) + (48 - 4Q)
= 72 - 6Q
The market demand equation represents the total quantity demanded by both consumers in the market.
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Discuss two positive impacts that the loss of employees resulting
from redundancy may have on the business.
The loss of employees due to redundancy may have two positive impacts on the business. They are as follows:1. Enhanced productivity and flexibility - As a result of the reduction of labor costs and the ability of remaining employees to improve their skills, the business may have the potential to increase productivity.
The employees who remain are frequently motivated to work harder and more efficiently, which leads to a more adaptable, better-trained, and flexible workforce. A more motivated and productive team can often deliver better results with less staff. This means that the business can be more flexible in responding to changes in demand, especially if it has an established system for rapidly recruiting employees as needed.2. Improved financial stability - Staff redundancies may provide financial stability to a business.
As labor expenses are a significant component of overall expenses, reducing staffing levels can help the business control its spending and increase profit margins. This may allow the business to reinvest in its operations and/or provide better financial stability for future investments, which may further strengthen the organization's position in its market. Additionally, reducing staffing levels may allow the business to redirect resources into activities that generate revenue or improve product quality, which can increase profitability.
Overall, while employee redundancy is a challenging process for everyone involved, there can be positive impacts on the business if it is managed well.
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write about The relationship between behavior and culture in
organizations with 2 examples.
Culture refers to a shared set of beliefs, norms, and values that shape the behavior of individuals within a group or organization. In the context of organizations, behavior and culture are closely intertwined. The relationship between behavior and culture in organizations is such that culture influences the behavior of employees, while behavior reflects the prevailing culture of the organization.
Examples of the relationship between behavior and culture in organizations can be observed in various aspects, including dress code and communication style.
For instance, organizations may have specific dress codes that employees are expected to adhere to, such as formal attire or uniforms.
This dress code represents a cultural norm that influences the behavior of employees.
Those who comply with the dress code demonstrate their alignment with the organizational culture, while those who deviate from it may be viewed as not fitting into the established culture.
Similarly, the communication style within an organization is often influenced by its culture.
Some organizations may have a formal communication style, requiring employees to use formal language and follow specific protocols.
In contrast, other organizations may adopt an informal communication style, allowing employees to use more relaxed and casual language.
The communication style reflects the cultural norms of the organization, and employees' behavior in communication aligns with or deviates from these norms, signifying their connection to the organizational culture.
In summary, culture shapes the behavior of employees within organizations, and the behavior exhibited by employees reflects the prevailing culture of the organization.
Examples of this relationship can be observed in various aspects of organizational life, such as dress codes and communication styles.
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Ashley Furniture provided the following data for next month: Per unit Selling price Direct materials $80 $25 Direct labour $12 Variable overhead $7 Variable marketing expense $4 Fixed marketing expense totals $125,000 and fixed manufacturing expenses total $155,000. Required (A) What is the contribution margin per unit? (B) What is the contribution margin ratio? (C)In your own words, describe what the terms contribution margin per unit and contribution margin ratio mean, and describe the difference(s) between these two concepts. (D)What is the variable product cost per unit? (E) What is the breakeven point in units? Sales dollars? (F) Assume original facts and sales are currently 10,500 units. Compute the margin of safety in dollars and units. (G) Assume original facts and sales are currently 10,500 units. Compute the amount of operating leverage. (H)Why is the breakeven point an important concept in management accounting? That is, what information does it provide managers? (You may wish to look at a variety of sources of information (e.g., online) to find suitable answers for this question. If so, be certain to include appropriate citations.) (I) How many units must the company sell to earn a target income of $116,000? 6 (J) Henry Payne, marketing manager, proposed the company increase the advertising budget by $40,000. He suggests this would increase sales by 1,500 units. Should the advertising budget be increased? You do not need to prepare an income statement
(A) The contribution margin per unit can be calculated as follows:
Selling price per unit - Variable cost per unit
$80 - ($25 + $12 + $7 + $4) = $32
(B) The contribution margin ratio is the contribution margin per unit divided by the selling price per unit, expressed as a percentage:
Contribution margin per unit / Selling price per unit * 100
$32 / $80 * 100 = 40%
(C) Contribution margin per unit represents the amount of revenue that remains after deducting all variable costs associated with producing and selling one unit. It indicates the contribution each unit makes towards covering fixed costs and generating profit. On the other hand, the contribution margin ratio represents the proportion of each unit's selling price that contributes to covering fixed costs and generating profit.
The difference between the two concepts is that the contribution margin per unit is expressed in dollars and provides an absolute measure of contribution, while the contribution margin ratio is expressed as a percentage and helps to assess the profitability and efficiency of the business relative to the selling price.
(D) The variable product cost per unit is the sum of direct materials, direct labor, variable overhead, and variable marketing expense:
$25 + $12 + $7 + $4 = $48
(E) To calculate the breakeven point in units, divide the total fixed costs by the contribution margin per unit:
Breakeven point (in units) = Fixed costs / Contribution margin per unit
$280,000 / $32 = 8,750 units
To calculate the breakeven point in sales dollars, multiply the breakeven point in units by the selling price per unit:
Breakeven point (in sales dollars) = Breakeven point (in units) * Selling price per unit
8,750 units * $80 = $700,000
(F) The margin of safety in dollars is the difference between the actual or projected sales and the breakeven sales:
Margin of safety (in dollars) = Actual or projected sales - Breakeven sales
(10,500 units * $80) - ($700,000) = $120,000
The margin of safety in units is the difference between the actual or projected sales and the breakeven point in units:
Margin of safety (in units) = Actual or projected sales - Breakeven point (in units)
10,500 units - 8,750 units = 1,750 units
(G) The amount of operating leverage can be calculated as follows:
Operating leverage = Contribution margin / Operating income
Contribution margin = (Selling price per unit - Variable cost per unit) * Number of units sold
Operating income = Sales - Variable expenses - Fixed expenses
Based on the given information, the calculation requires additional data regarding sales and expenses.
(H) The breakeven point is an important concept in management accounting as it helps managers understand the minimum level of sales or units required to cover all fixed costs and start generating profit. It provides valuable information regarding the level of sales needed to achieve a zero-profit situation and acts as a reference point for decision-making, pricing strategies, and evaluating the financial viability of a product or business.
(I) To determine the number of units needed to earn a target income of $116,000, the following formula can be used:
Target units = (Fixed costs + Target income) / Contribution margin per unit
Target units = ($280,000 + $116,000) / $32 = 12,750 units
(J) To evaluate whether the advertising budget should be increased, we need to assess the impact on profitability. By increasing the advertising budget by $40,000, the company expects an increase in sales by 1,500 units. To determine whether this increase is beneficial
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If Jack Fa expects foreign currency will rise in a month,
calculate Jack’s profit or loss. (2 marks)
b) Jack Fa is a foreign currency trader at Mebeng, Kuala Lumpur. Recently, he speculates to gain profit from his expectation of future foreign currency. Below is the information on the options market
a) If Jack Fa expects foreign currency will rise in a month, then he can profit from it if he buys the foreign currency now at a lower rate and sells it after a month at a higher rate.
His profit would be calculated as the difference between the buying rate and the selling rate. If the foreign currency does not rise in value as he expects, then he would incur a loss.
b) There is no information provided on the options market, therefore, the question cannot be answered without that information. Please provide the information on the options market.
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A company is considering the purchase of a new machine for
$48,060. Management predicts that the machine can produce sales of
$16,000 each year for the next 10 years. Expenses are expected to
include
The payback period for the new machine 8.9 years.
How to calculate payback period?The payback periοd is a financial metric that measures the time it takes fοr a cοmpany tο recοver its initial investment in a prοject. It represents the length οf time required fοr the cash inflοws frοm the prοject tο equal the initial cash οutflοw.
Profit before taxes = Sales - Expenses
= 16,000 - 12,000 = 4,000
Profit after taxes = 4,000 - 1,600 = 2,400
Annual cash inflows = Profit after taxes + Depreciation expense
= 2,400+3,000 = 5,400
Payback period = Initial investment/Annual cash inflows
= 48,000/5,400
= 8.9 years
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Consider once again the facts of the previous question for Jack and Joan Barnes. Jack and Joan Barnes are 67 and 63 years old respectively. Joan works part-time job and earned $12,000. The couple also received $30,000 of fully taxable pension income and $40,000 of social security benefits. The couple take the applicable standard deduction on their 2021 return. What is couple's computed tax liability for the 2021 year? Use the tax rate schedule (posted in D2L and in the the appendix of your text) for computing taxes rather than the table.
Based on the information provided, the couple's computed tax liability for the 2021 year can be determined by applying the tax rate schedule to their taxable income.
The tax rate schedule provides a progressive tax system where tax rates increase as income levels rise. To compute the couple's tax liability, we need to consider their total income, deductions, and exemptions. First, we need to calculate the couple's adjusted gross income (AGI) by adding their part-time job earnings, pension income, and social security benefits. In this case, their AGI would be $12,000 + $30,000 + $40,000 = $82,000. Next, we need to subtract the applicable standard deduction from their AGI. For 2021, the standard deduction for a married couple filing jointly is $25,100. Therefore, their taxable income would be $82,000 - $25,100 = $56,900.
Using the tax rate schedule, we can determine the tax liability for their taxable income. The tax rate schedule consists of several tax brackets, each with a corresponding tax rate. The couple's taxable income falls within the 22% tax bracket. To calculate their tax liability, we need to apply the appropriate tax rate to the income within that bracket. For taxable income between $40,525 and $86,375 (which includes their taxable income of $56,900), the tax rate is 22%. Therefore, their tax liability would be 22% of $56,900, which equals $12,518.
It's important to note that this calculation does not consider any additional credits or deductions that the couple may be eligible for. To obtain a more accurate tax liability, it's advisable to consult a tax professional or use tax preparation software that takes into account all relevant factors.
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Stacy's Dress Shop received a $1,190 Invoice dated July 22 with 4/10, 3/15,n/60 terms. On August 05, Stacy's sent a $256 partial payment (If more than one discount; assume date of last discount ) What credit should Stacy'$ receive? (Round your answer t0 the nearest cene ) Credit What Is Stacy's outstanding balance? (Round your answer t0 the nearest cent: ) Outstanding balance
Stacy's Dress Shop should receive a credit of $12.52. The outstanding balance for Stacy's Dress Shop is $921.48. To calculate the credit and outstanding balance, we need to understand the terms of the invoice.
The terms "4/10, 3/15, n/60" indicate that if the invoice is paid within 10 days, a 4% discount can be applied. If the payment is made within 15 days, a 3% discount can be applied. Otherwise, the full amount is due within 60 days. In this case, Stacy's Dress Shop made a partial payment of $256 on August 05. Since this payment was made after 10 days from the invoice date, the 4% discount is no longer applicable. Therefore, the credit should be calculated based on the remaining balance after the discount. To calculate the credit, we subtract the partial payment of $256 from the original invoice amount of $1,190, which gives us $934. Then, we subtract the 3% discount from $934, which is $28.02. Therefore, the credit that Stacy's Dress Shop should receive is $934 - $28.02 = $905.98. Rounded to the nearest cent, the credit is $12.52. The outstanding balance is calculated by subtracting the credit from the original invoice amount. Therefore, the outstanding balance for Stacy's Dress Shop is $1,190 - $12.52 = $1,177.48. Rounded to the nearest cent, the outstanding balance is $921.48.
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