P≈$3,527
Using our compound interest formula we can plug in all of our given values and solve for P.
A(t)=P(1+r/n)^nt
5,000=P(1+0.07/12)^12(5)
P=5000/(1+0.07/12)^60
P≈$3,527
An account for savings: what is it?A savings account is a simple financial product that enables you to deposit your money and often earn a small bit of interest. These accounts give you a safe location to keep your money while generating income because they are federally insured up to $250,000 per account owner.
What is the purpose of having a savings account?Savings accounts help you control your spending by keeping money out of your checking account. Your savings account is a good place to keep emergency funds for easy access. Due to the Federal Deposit Insurance Corporation's coverage of up to $250,000, savings accounts keep your money secure.
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stephen sets up an ira with an apr of 4% at age 26. at the end of each month, he deposits $36 in the account. how much will the ira contain when he reaches 65? compare that amount to the total amount of deposits made over the time period.
The total amount of deposits made over the time period is $16848.
Individual retirement accounts (IRAs) are long-term savings accounts that people with earned income can use to invest for the future and benefit from specific tax benefits. The IRA is primarily made for independent contractors who lack access to employment retirement accounts like 401(k), which are solely offered by companies.
A bank, an investing firm, an internet brokerage, or a personal broker are all options for opening an IRA.
Monthly deposit=$36
r=4%, 0.04
K=12
N=39
\(P_N & =\frac{d\left(\left(1+\frac{r}{k}\right)^{N k}-1\right)}{\left(\frac{\pi}{k}\right)} \\ P_{39} & =\frac{36\left(\left(1+\frac{0.04}{12}\right)^{39 \times 12}-1\right)}{\left(\frac{0.04}{12}\right)}\)
\(& P_{39} =\frac{134.871}{0.00333333}\)
=40501.81
Total deposits in 39 years is 39*12*36= $16848.
P39= 40501.81, therefore, it is$ 23653.81 more than total amount of deposits.
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A(n) _____ is the best-known type of flow shop process. It efficiently uses specialized equipment to produce a large quantity of a specific good.
A "production line" is the best-known type of flow shop process. It efficiently uses specialized equipment to produce a large quantity of a specific good.
The production line is a manufacturing process that involves a series of work where a product is produced in a sequential manner.
The production lines are commonly used in industries. For example, automotive, electronics, and consumer goods manufacturing to produce large quantities of standardized products efficiently. Most of the industries use this production lines.
Therefore, the production line is the best-known type of flow shop process.
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Bank statements, business reports, and tax records are filed according to subject and then are subdivided _______.
Answer:
chronologically
Explanation:
The important documents for the business organization i.e. bank statements, reports of business, tax records should be filed as per the subject and then it subdivided in a chronological manner i.e. one by one
These documents should be kept with proper care and diligence also the information related to these documents should not be disclosed out to any third party i.e. only authorized persons should be involved
when an organization produces only a single product and attempts to sell it to two or more market segments, it avoids which costs?
When an organization produces only a single product or service and attempts to sell it to two or more market segments. It avoids the extra costs of developing and producing additional versions of the product.
For better understanding, lets explain the term
Market segmentation is simply known as the act of gathering or aggregating known buyers into groups that have common needs and will respond almost the same to a marketing action.Organization that makes only a single product or service do try to avoids any extra costs that may arise because they want to focus on just one thingFrom the above, we can therefore say that the answer When an organization produces only a single product or service and attempts to sell it to two or more market segments. It avoids tahe extra costs of developing and producing additional versions of the product.
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Why very few subsistence economies exist today
Answer:
As previously mentioned,
subsistence markets are
extremely vulnerable to
external influences.
Because of this
vulnerability, these economies are
becoming more scarce around the
world. In the past, for example, large
populations of indigenous peoples lived
throughout North America.
Company X is a manufacturer of antifoam reagent. Company Y is the manufacturer of monoclonal antibody. Company Y orders 200 batches of antifoam reagent weekly from Company X and it costs them $500 to process each order. Their yearly inventory carrying cost averages about 20% of their gross income. If the unit cost of each bottle of 25 g antifoam reagent is $45 calculate the following.
a) How much is spent on placing orders annually?
b) What is the average inventory in units and dollars?
c) What is the annual inventory carrying cost?
d) What is the overall cost of order placement and carrying inventory?
e) Company Y has decided to order the amount suggested by EOQ model in order to reduce their overall cost for inventory ordering and carrying. Calculate part a through part d using EOQ model.
NOTE: Both companies have 250 working days per year, which corresponds to 5 working days in a week and 50 weeks in a year.
a) The cost of placing the order is calculated using the following formula:Cost of placing order = Ordering cost per order × Number of orders placed per yearWe know that Ordering cost per order is $500 and Company Y places 200 orders per week.
Number of orders placed per year = 200 × 50 = 10,000 ordersHence, Cost of placing the order annually = $500 × 10,000 = $5,000,000.b) Economic order quantity (EOQ) is calculated using the following formula:EOQ = sqrt(2 × D × O / H)Where D = annual demand, O = ordering cost, H = annual inventory carrying cost as a percentage of unit cost, sqrt = square root.Substituting the given values,
we get:EOQ = sqrt(2 × 200 × 250 / 0.2 × 45)EOQ ≈ 335Therefore, Company Y needs to order 335 bottles of antifoam reagent to minimize the ordering and carrying cost.The total annual demand for Company Y is 200 × 50 = 10,000 bottles. Hence, they need to place orders 10,000/335 = 29.85 ≈ 30 times per year.Using the EOQ model, the order size is 335 bottles and hence, the inventory carrying cost in dollars is: Inventory carrying cost per unit = 0.2 × 45 = $9. Hence, Average inventory in dollars = EOQ / 2 × Inventory carrying cost per unit = 335 / 2 × 9 = $1507.5Average inventory in units = EOQ / 2 = 335 / 2 = 167.5c) Annual inventory carrying cost = Average inventory in dollars × Annual inventory carrying cost as a percentage of unit cost= $1507.5 × 0.2 = $301.5d) Overall cost of order placement and carrying inventory = Cost of placing order annually + Annual inventory carrying cost= $5,000,000 + $301.5 = $5,000,301.5Hence, the overall cost of order placement and carrying inventory is $5,000,301.5.
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Which of the following is not one of the three basic economic questions that must be answered in an economy?
a. For whom to produce?
b. How to produce?
c. What to produce?
d. What happens when you add to or subtract from a current situation?
What happens when you add to or subtract from a current situation is not one of the three basic economic questions
Any mechanism for distributing limited resources qualifies as an economic system. There are three vital questions that economists focus on. These questions are:
1. What types of products and services should be created to satisfy consumer demand? ( What to produce)
It is evident that a nation cannot create everything due to resource limitations. Consequently, a crucial question is what to manufacture.
2. Who should manufacture them and how should they be produced? (How to produce?)
It deals with deciding which economic production strategy to use and how to create.
3. To whom should goods and services be provided? ( For whom to produce?)
Since one cannot satisfy everyone, choosing the final consumers makes the production process very straightforward.
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The contribution of equipment by a stockholder in exchange for common stock is an example of:
a. financing activity.
b. operating activity.
c. investing activity.
d. non-cash investing and financing activity.
a. The contribution of equipment by a stockholder in exchange for common stock is an example of a non-cash investing and financing activity.
a. Financing activity typically involves raising funds from external sources or returning funds to investors. In this scenario, a stockholder is contributing equipment, which does not involve external financing or returning funds. Thus, it is not a financing activity.
b. Operating activity refers to the day-to-day activities of a business that generate revenue. The contribution of equipment by a stockholder is not part of the regular operations of the business, so it is not an operating activity.
c. Investing activity involves the acquisition or disposal of long-term assets or investments .In this case, the stockholder is contributing equipment, which qualifies as an investing activity since it involves the transfer of a long-term asset.
d. Non-cash investing and financing activities encompass transactions that do not involve the exchange of cash but still have an impact on the investing and financing activities of a company. The contribution of equipment by a stockholder, in exchange for common stock, falls into this category because it does not involve the direct exchange of cash.
The contribution of equipment by a stockholder in exchange for common stock is an example of a non-cash investing and financing activity since it involves the transfer of a long-term asset (equipment) in exchange for equity (common stock) without the involvement of cash.
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Which of the following choices is not a career assessment value?
Answer: Career assessments are surveys or tests that attempt to give insight into what type of career would be best for someone. There are four major types of career assessments: personality tests, interest inventories, skills assessments, and value assessments.Career assessment is a way to learn more about how well a variety of careers might suit you. Different types of assessments focuses on specific areas, such as skills, interests, or values.
Explanation:
how are wages determined in a free market?
Answer:
Classical economists argue that wages—the price of labor—are determined (like all prices) by supply and demand. They call this the market theory of wage determination. ... Long story short: the price of labor is determined in the free market just like every other price, by the intersection of supply and demand.
Explanation:
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True or false: Employers pay the same amount of social security and Medicare taxes as the employee pays.
O True
O False
To become a successful entrepreneur, you should:
Select one:
O Prepare to risk all of your family assets.
O Plan to quit your job before starting.
O Choose a business that is in a field you enjoy.
O Expect to put down a lot of money.
What are the 3 types of savings accounts?
Regular deposit, money market, and Certificate of Deposit Accounts are the 3 types of savings accounts. Thus option A is correct.
What are savings accounts?An interest-bearing deposit checking account known as a savings account enables you to keep money safely. A profile in a financial company is a bank account. Common characteristics include having a fixed quantity of payments allowed, not having check or connected debit card services, having few remittance choices, and not being able to become overdrawn.
Regular deposits, money markets, and CDs seem to be the three most popular forms of savings accounts. Regarding accessibility as well as the level of interest, everyone of them functions slightly differently. In addition to these institutions, there are numerous other ways to save money. Knowing which one is ideal for your requirements can be complicated.
Therefore, option A is the correct option.
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A qualifying home office is a space used ______.
A) exclusively for business activities on an infrequent basis
B) regularly for business activities
C) exclusively for business activities on a regular basis
A qualifying home office is a space used exclusively for business activities on a regular basis.
This means that the space is used only for business purposes and not for personal activities, and that it is used on a regular and ongoing basis for conducting business. In addition, the home office must be the principal place of business or used for meeting with clients or customers in the normal course of business.. Additionally, the space must be used on a regular basis for business activities, meaning that it is not used only occasionally or sporadically. If a space meets these requirements, it may be eligible for a home office deduction, which can allow taxpayers to deduct expenses related to the use of their home for business purposes.
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Economist Robert Fogel has estimated that by the year 2040, individuals in the United States willbe spendingA) less time in the workforce and more time in leisure activities than they do today.B) more time in the workforce and less time in leisure activities than they do today.C) more time in the workforce and more time in leisure activities than they do today.14) D) less time in the workforce and less time in leisure activities than they do today
Economist Robert Fogel has estimated that by the year 2040, individuals in the United States willbe spending Less time in the workforce and more time in leisure activities then they do now . Opton(d)
Robert William Fogel was an American economist and scientist who shared the Nobel Memorial Prize in Economic Sciences in 1993 with Douglass North. He was the Charles R. Walgreen Distinguished Service Professor of American Institutions and the head of the University of Chicago's Booth School of Business's Center for Population Economics (CPE) at the time of his death.
He is well recognised as a proponent of new economic history (cliometrics) the use of quantitative approaches to historical research.
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Mr.Crimpson is an economist. During the course of each day, he studied how to meet limited wants with limited resources.
True or False?
Answer:
True
Explanation:
Economic analysis is an analysis about how to fulfill infinite, overlapping needs with minimal capital. It's the method of determining how to "do the best from the least"—to have the most fulfillment with both the least amount of money and resources.
According to the service profit chain model, workplace practices affect job satisfaction, which influences employee retention, motivation, and behavior, in turn affecting all of the following except
Workplace practices affect job satisfaction, which influences Employee retention, motivation, and behavior, in turn affecting all of the following except: organizational structure.
What is Service Profit Chain Model ?
Service-profit chain, a company should establish a link between employees and customer experience on the one hand and create profit and growth on the other. The different relationships reinforce each other; satisfied customers contribute to employee satisfaction, loyal employees contribute to customer loyalty, and this customer loyalty will eventually result in profit.
The Service Profit Chain involves customer loyalty, customer satisfaction, employee loyalty, employee satisfaction and productivity. This way, strong links develop between:
Profit – Customer loyaltyEmployee loyalty – Customer loyaltyEmployee satisfaction – Customer satisfactionWorkplace practices affect job satisfaction, which influences employee retention, motivation, and behavior. These employee outcomes affect service quality, which then influence customer satisfaction and perceptions of value, customer referrals, and ultimately the company's profitability and growth.
Therefore, we can conclude that the correct option is E.
Your question is incomplete, but most probably your full question was:
According to the service profit chain model, workplace practices affect job satisfaction, which influences employee retention, motivation, and behavior, in turn affecting all of the following except:
A. service quality.
B. customer satisfaction.
C. perceptions of value.
D. profitability.
E. organizational structure.
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John Doeber borrowed $150,000 to buy a house. His loan cost was 6% and he promised to repay the loan in 10 equal annual payments. What are John's annual payment amounts?
Answer:
$20,380.16
Explanation:
in order to find the annual payment, we can use the present value of an annuity formula:
present value = annual payment x PV annuity factor
present value = $150,000PV annuity factor (6%, 10 periods) = 7.3601annual payment = present value / annuity factor = $150,000 / 7.3601 = $20,380.16
How are the sales tax and the value-added tax similar?
Answer:
Sales tax is collected by the retailer when the final sale in the supply chain is reached via a sale to the end consumer. ... VAT (Value-Added Tax) is collected by all sellers in each stage of the supply chain. Suppliers, manufacturers, distributors and retailers all collect the value added tax on taxable sales.
Bye Have A Nice Day!How can you use scientific explanations to develop and demonstrate your scientific literacy and skills?
Students must first engage in literate actions to advance their comprehension of scientific concepts if they are to gain scientific literacy.
How may your scientific literacy be improved and developed?One needs to "do science" in order to develop their scientific literacy (Zwicker 2015). Offer explanations for common natural occurrences and ideas on how to come up with scientific solutions in order to aid children in developing their grasp of science and their capacity for science discussion.
What exactly is scientific literacy, and how can it be useful to you?Understanding that science is a continual human endeavor is the cornerstone of scientific literacy. It is an effective tool for comprehending the natural world and offers resources to advance scientific knowledge. It is a way for someone to learn, get involved.
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How will you be able to become the cost leader of the market in which you deal?
A.
by focusing on customer loyalty
B.
by analyzing your competitive advantage and identifying which strategy works best for your business
C.
by concentrating on serving a particular segment of customers better
D.
by producing a product that has a higher perceived value to the customers when compared to the already existing products
E.
by producing your goods at the lowest price in the market
Answer:
well it would be A i think
Explanation:
Answer:
E. by producing your good at the lowest price in the market
Explanation:
Plato
It is nearly impossible to be unaware of the historic inflation that is currently impacting our economy. Knowing what you do about the money market, prices, and inflation, provide a mini report (about 750 words should be enough to cover the topic) regarding why you think we are currently experiencing such extreme levels of inflation compared to recent years.
The current extreme levels of inflation can be attributed to a combination of factors, including expansionary fiscal and monetary policies, supply chain disruptions, increased consumer demand, rising commodity prices, and labor market challenges.
The current extreme levels of inflation are a result of several interconnected factors. Firstly, expansionary fiscal and monetary policies, such as increased government spending and low interest rates, have injected substantial amounts of money into the economy, leading to excess liquidity and driving up prices.
Secondly, global supply chain disruptions, caused by factors like the COVID-19 pandemic, have constrained the availability of goods, leading to higher prices due to increased demand and limited supply. Additionally, the resurgence of consumer demand, as economies recover from the pandemic, has further fueled inflationary pressures. Rising commodity prices, including energy and raw materials, have also contributed to higher production costs and subsequently higher consumer prices.
Lastly, labor market challenges, such as labor shortages and wage pressures, have driven up labor costs, which are being passed on to consumers. Combined, these factors have led to the current extreme levels of inflation.
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• The definition of pH is pH is equal to the negative log (logarithm) of the ____________ ion concentration of a solution.
The definition of pH is pH is equal to the negative log (logarithm) of the Hydrogen ion concentration of a solution.
PH is a measure of the acidity or alkalinity of a solution. It is widely used in diverse fields such as medicine, chemistry, biology, environmental science, food and beverage industries, and agriculture. pH is typically defined as the negative logarithm (base 10) of the hydrogen ion concentration of a solution.
This definition can be easily derived from the mathematical formula pH = -log[H+], where [H+] is the activity of hydrogen ions in moles per liter (molarity).Thus, pH is a measure of the relative concentrations of hydrogen ions and hydroxide ions in a water-based solution.
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Public goods are:_________
a. rival and exclusive.
b. rival, but not exclusive.
c. exclusive, but not rival.
d. neither exclusive nor rival.
Public goods are neither exclusive nor rival. Thus, the correct answer option to this question is (d) neither exclusive nor rival.
A public good refers to a service or commodity that is made available to all the members of society. Public goods have two characteristics: they are nonexclusive and nonrival. Nonexclusive means it is not possible for the producer of public goods to provide the service to some consumers and exclude others from using the public good. Whereas nonrival means when some people use a particular public good, the amount left for others to use remains unchanged.
Typically, public goods include the services administered by governments. Some examples of public goods are national defense, law enforcement, the rule of law, street lights, and access to public parks. All these public goods can be used or possessed by various consumers without rivalry.
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highway tours lc has an aftertax cost of debt of 5.1 percent at its current tax rate of 34 percent. what will its aftertax cost of debt be if the tax rate drops to 21 percent? assume all interest is tax deductible. a) 6.10 percent b) 5.92 percent c) 6.17 percent d) 4.03 percent e) 4.47 percent group of answer choices
6.10% will its after tax cost of debt be if the tax rate drops to 21 percent.
What is tax cost?Taxes are compulsory payments made by a government organisation, whether local, regional, or federal, to people or businesses. Public works and services like roads and schools, as well as programs like Social Security and Medicare, are funded by tax income.
Tax costs may relate to either higher tax obligations as a result of a business transaction or, more frequently, a motion made by the losing party to dispute having to cover particular costs incurred by the winning party during litigation.
Given that,
after tax cost of debt of 5.1 percent
its current tax rate of 34 percent
tax rate = 21%
Current pre-tax cost of debt = after tax cost of debt / (1 - current tax rate)
Current pre-tax cost of debt = 5.1% / (1 - 0.34)
Current pre-tax cost of debt = 7.727%
Now, after tax cost of debt = pre tax cost of debt × (1 - tax rate)
after tax cost of debt = 7.727% × (1 - 0.21)
after tax cost of debt = 6.10%
So, 6.10% will its after tax cost of debt be if the tax rate drops to 21 percent.
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On January 1, 2021, Super Sports Supply recorded a right-of-use asset of $135,180 in an operating lease. The lease calls for ten annual payments of $20,000 at the beginning of each year. The interest rate charged by the lessor was 10%. The balance in the right-of-use asset at December 31, 2021, will be:
The balance in the right-of-use asset at December 31, 2021, will be $135,180 – $20,000 + $13,518 = $128,698. The balance in the right-of-use asset at December 31, 2021, will be the difference between the right-of-use asset balance at the beginning of the year and the lease payment for the year.
The lease liability and the right-of-use asset for an operating lease is calculated as follows:Initial measurement of right-of-use asset at commencement date will be $135,180. Annual payment for the lease is $20,000. Interest rate charged by the lessor is 10%. Interest expense on lease liability for the year is calculated using the interest rate of 10% on the initial measurement of the lease liability.
Calculation of lease liability and interest expense for the lease year is as follows:Lease liability at commencement date = $135,180Annual lease payment (annuity factor for 10 periods at 10%) = $20,000 × 6.1446 = $122,892Interest expense on lease liability ($135,180 × 10%) = $13,518Balance in the lease liability at December 31, 2021, will be $135,180 – $20,000 + $13,518 = $128,698.
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Identify professional organizations that the accounting profession is involved in.
The following are professional organizations that an accountant must join:
American Institute of CPAsAmerican Accounting AssociationNational Society of AccountantsInstitute of Management AccountantsBeta Alpha PsiAmerican Association of Finance & AccountingAccounting and Financial Women’s AllianceInstitute of Internal AuditorsNational Association of Black AccountantsAssociation for Financial ProfessionalsA professional organization, also known as a professional association, exists to improve one or more professions, support the interests of those who work in such professions, and further the common good. It encourages creativity, connection, and communication. A professional organization often features a set of subcommittees or functional divisions, an elected leadership body, and member dues. Professional associations can be local, national, or even global, and they frequently have links to colleges and universities that offer degree programs in the subject matter.
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When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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During January, Ajax Co. Incurs 1,850 hours of direct labor at an hourly cost of $11.80 in producing 1,000 units of its finished product. Ajax standard labor cost per unit of output is $22 (2 hours x $11.00). Compute the total, price, and quantity labor variances for Ajax Co. For January. Identify whether the variance is favorable or unfavorable?
Answer:
Std rate per hour: 11.00
Std hours = 1000*2 =2000
Actual hours = 1850
Actual rate = 11.80
Labor cost variance = Std cost - Actual cost
Labor cost variance = (2000*11) - (1850*11.80)
Labor cost variance = 170 Unfavorable
Labor rate variance = Actual hrs (Std rate - Actual rate)
Labor rate variance = 1850 *(11-11.80)
Labor rate variance = 1480 Unfavorable
Labor qty variance = Std rate (Std hrs-Actual hrs)
Labor qty variance = 11 (2000-1850)
Labor qty variance = 1650 Favorable.
There are many different sources of income. Usually, most of an adult's income comes from _____.
dividends
rent
taxes
salary
Answer:
d. salary
Explanation:
There are many different sources of income. Usually, most of an adult's income comes from salary.
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