True, In process costing, costs incurred in a department are not transferred to the next department.
What are the transmitted in costs as used in a revolution costing system?Transferred-in costs are the costs collected by the product at any given point in presentation. They are "transferred in" to the new business department that takes the partially finished product and is accountable for restarting the production process.
What is true about revolution costing?
Process costing is an important product costing process for manufacturing businesses that mass produce a large volume of similar effects or units of output. Process costing is widely used in enterprises such as oil refining, food presentation, chemical processing, materials, glass, cement and paint manufacture.
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Name three characteristics of liquid assets. what are the disadvantages of having too much or too little money held as liquid assets?
The three characteristics of liquid assets are:-
With little to no loss in value, liquid assets may be quickly changed into cash.These assets are easily transferred to other parties and third parties without any restrictions or limits. Liquid assets have a continuous value that is not dependent on a specific area or market and is available on both domestic and international markets.The two disadvantages of having too much money held as liquid assets is:-
Money is deemed to be idle money since we cannot receive a return or interest on it.When inflation grows, idle money loses its buying power and loses value over time. For example, if raw material costs rise sharply, more money will be needed to make a purchase, lowering the amount of money that may be spent.To know more about liquid asset visit:
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A project under strict terms and conditions to produce project deliverables on time or suffer late penalties is an example of a:_____.
a. commercial risk.
b. technical risk.
c. legal risk.
d. execution risk.
A project with rigorous deadlines and penalties for late submission of deliverables is an example of a D. execution risk.
What is a project?A project is a group of tasks that must be completed in order to accomplish a specific objective. An alternate way to define a project is as a group of inputs and outputs required to achieve a particular goal. Projects might be basic or complex, overseen by one person or one hundred.
Unlike traditional risk analysis, execution risk analysis concentrates on the project or portfolio's execution stage. Instead of comparing the return on investment to project risks, you are now examining the hiccups, or banana peels, that might occur once the project is live.
The area present risk in the execution of a strategy is the failure to properly translate the strategy's high-level goals into the precise steps that the organization needs.
Last but not least, a project with rigorous deadlines and penalties for late delivery of deliverables is an illustration of an execution risk.
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Misrepresenting pertinent policy provisions relating to coverage after a loss is an?
Misrepresenting pertinent policy provisions relating to coverage after a loss is an unfair claim settlement practice.
Pertinent policies are those facts which tend to prove the allegations of the party offering them and those which have no such tendency are called impertinent.
When something is pertinent, it means it is significant. It will have an impact on the decision or the outcome.
Therefore, if the pertinent policy is misrepresented, it becomes an unfair claim settlement practice.
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The category of human resource management responsibilities aimed at preserving and enhancing employee job competence is?
The answer is development.
The category of human resource management responsibilities which is aimed at preserving and enhancing employee job competence is development.
What is human resource management?The practice of recruiting, hiring, assigning, and managing personnel is known as human resource management (HRM). Frequently, HRM is referred to as just "human resources" (HR). Talent management, pay and benefits for employees, training and development, compliance, and workplace safety are the five key responsibilities of human resources. The Human Resource Manager will oversee the regular duties of the Human Resources (HR) division, including hiring and conducting interviews, paying employees, handling leave requests, and enforcing business regulations and procedures.
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Bonds are usually called when interest rates _______ so the issuer can gain by reissuing new bonds with a _______ interest rate.
Bonds are usually called when interest rates fall so the issuer can gain by reissuing new bonds with a lower interest rate.
Bonds are debt instruments and represent loans made to the issuer. They are commonly issued by governments or corporations to borrow money.
We can look at bonds from the seller's perspective as, selling bonds being a way of borrowing money. Then from the buyer's perspective we look at buying bonds as a form of investment because it entitles the purchaser to guaranteed repayment of principal as well as a stream of interest payments.
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________ compels state governments to obey costly federal regulations but does not reimburse those costs.
Subsidies compels state governments to obey costly federal regulations but does not reimburse those costs.
Subsidies are like the financial support provided by the government that is the funding to various institutions and people from the public welfare organisations to help provide the goods and services at a premier rate to everyone.
The federal regulations and cost incurred are less because of the availability to everyone and the sole purpose is to provide it to everyone .Overall subsidies are the development for an economy.
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Why does a diverse and inclusive workforce benefit a firm supporting a global market?
A diverse and inclusive workforce benefit a firm supporting a global market. A variety of language skills serves the global customer base well
You may acquire in-depth local market knowledge, cultural insights, local networks, and alternate solutions to bottlenecks by assembling a diversified workforce. Having the right team means that you grasp the demands, channels, and preferences in the local context, which is necessary to sell successfully in global markets.
We now live in a new, interconnected world where everyone competes with everyone else for everything. This is particularly true for SaaS businesses and internet-based services, where there are few entry requirements if you have a laptop, an internet connection, and coding skills. Tech companies that want to grow swiftly need methods and approaches for entering and serving new markets quickly while avoiding the numerous difficulties associated with establishing a global market.
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Fairlane company. has an roa of 8 percent and a payout ratio of 31 percent. what is its internal growth rate?
In a condition where Fairline Company has an ROA of 8percent and a payout ratio of 31, its internal growth rate will be computed to approximately percent.
What is the significance of the internal growth rate?The internal growth rate of a firm can be referred to or considered as the value determined in relation to the Return on Assets and the Dividend Payout Ratio.
Using the information given above as well as the formula, the internal growth rate, or simply IGR, can be computed as,
IGR = ROA x B / 1 – ROA x B
IGR = 0.08×0.31/ 1−0.08*0.31
IGR = 0.0248/0.9752
IGR=0.0254
Therefore, the Internal growth rate would be 0.0254.
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With trade, everyone gets more of the things they want than they would if they were self-sufficient. in this way, trade can be driven entirely by?
With trade, everyone gets better at the things they want than they would if they were self-sufficient. in this way, business can be driven entirely by Wants.
How does comparative advantage influence trade?The idea of comparative advantage introduces opportunity cost as a characteristic for analysis in choosing between different options for production. Comparative advantage implies that countries will engage in trade with one another, shipping the goods that they have a relative benefit in.
By trading with others, people can buy a tremendous variety of goods and services at a more subordinate cost.
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A shift in a ppc/ppf to the______________ illustrates growth which may be generated by better utilizing existing resources (improved technology) or by acquiring more resources over time.
In a ppc/ppf, a shift to the right (or outward) denotes expansion, which may be brought about by improving technology that makes better use of existing resources or by gradually accumulating more resources.
The Production Possibility Frontier (PPF): What Is It?
A graphed curve called the production possibility frontier (PPF) depicts the potential output of two goods whose production is dependent on a single finite resource. The production possibility curve is another name for the PPF.
In economics, PPF is also significant. It might demonstrate, for instance, that a nation's economy is operating at its peak efficiency.
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The cpi was 220 in 2012 and 231 in 2013. phil borrowed money in 2012 and repaid the loan in 2013. if the nominal interest rate on the loan was 10 percent, then the real interest rate was?
The real interest rate = 5%
Inflation rate = (CPI 2013 - CPI 2012) / CPI 2012
= (231 - 220) / 220
= 11 / 220
= 0.05 or 5%
Real interest rate = nominal interest rate - inflation rate
= 10% - 5%= 5%
Hence, the real interest rate is 5%
What is a loan?A loan is a financial instrument that allows you to borrow money from a lender in order to finance a purchase or investment. The amount of the loan can be based on specific terms and conditions, and usually requires either an down payment or collateral.
Once you have submitted the application, your lender will contact you for additional information, including your credit history and other relevant details. After reviewing this information, the banker may authorize or decline your loan request according to their discretion. If approved, you will then need to provide documentation such as an applicant profile form (IFS), proof of income/employer verification letter(s), bank statement showing funds available in account etc., before closing the transaction.
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On average, approximately what percentage of corporate ventures reaches profitability within six years?
Approximately 50% of all corporate ventures reach profitability within six years.
What do we mean by corporate ventures?Corporate venturing occurs when one company offers venture capital to another company as part of an acquisition strategy. Corporate venture capital can have an external focus, such as investing in strategically related technology startups, or an internal focus. Corporate venturing provides significant benefits to firms, so its growth as a strategy is almost predictable. Corporate venture capital promotes firm innovation, increases firm value, and equips management with tools for identifying emerging trends in advanced technology. Approximately half of all corporate ventures reach profitability within six years.Therefore, approximately 50% of all corporate ventures reach profitability within six years.
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What were the three key observations made by darwin that allowed him to deduce that natural selection is a primary driver of evolution?.
Populations of organisms vary, more offspring are produced than can survive, and the relative frequency of favorable mutations rises with time.
What is natural selection?According to Charles Darwin's theory of evolution, natural selection is the driving force behind evolution. Physical traits vary across individuals within a species. Their varying genes are the reason of this variance. People that have traits that are most compatible with their surroundings are more likely to live, locate food, avoid predators, and be disease-resistant. These people have a higher propensity to reproduce and convey their genes to their offspring. Individuals with inadequate environmental adaptation have a lower chance of surviving and procreating. As a result, the likelihood of their genes being passed on to the following generation is lower. As a result, the species will eventually develop through time if the individuals who are most adapted to their environment survive.
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When studying changes in the economy over time, economists want a measure of the total quantity of goods and services the economy is producing that is not affected by changes in the prices of those goods and services. In other words, economists want to study.
Economists want a measure of the total amount of goods and services the economy is generating that is unaffected by changes in the prices of those goods and services when researching economic developments through time. In other words, economists are interested in researching Real Gross Domestic Product(GDP).
Real gross domestic product (real GDP), often referred to as constant-price GDP, inflation-corrected GDP, or constant dollar GDP, is a term for a measure of an economy's output adjusted for inflation (expressed in base-year prices). Real GDP measures the value of the goods and services produced by an economy over a specific time period while taking inflation into account.
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The rapidly evolving business environment requires the management of in the organization to respond to it. True or false?.
It is true that management in the organization needs to respond to the rapidly evolving business environment.
With the rapid advancement in technology and business working procedures, management in the organization needs to respond to the rapidly evolving business environment and changes. If the management doesn't inculcate strategic management in their organization that responds to changes in the business environment, then the organization may face severe issues in production, performance, and achieving the overall goals. The purpose of the inclusion of strategic management is to respond to evolving such changes.
Higher management needs to implement strategic management in their organization to boost their productivity, and efficiency and obtain the overall goals while responding to the rapidly evolving business environment. For example, currently, all organizations are shifting toward digital inclusion. These organizations use social media as a tool to reach their targeted customers. If any organization is not using social media, then obviously they are losing customers and could not reach their targeted customers.
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Answer:change
Explanation:
When preparing a journal entry for a transaction that affects retained earnings, the retained earnings account should be debited or credited directly rather than debiting or crediting the account which will ultimately cause retained earnings to change. True or false?.
This is a False Statement.
To Prepare a Journal Entry First, read the transaction carefully and comprehend it. Discover which accounts need to be credited and debited before entering a journal entry. Write out the narrative (summary description) for both the debit and credit transactions after making the diary entry.An illustration of a journal entry is the purchase of equipment by a nation, where the cash account will be credited and the equipment account debited.In Example, what does journal entry mean?A purchase of machinery by a nation, where the cash account will be credited and the machinery account debited, is an example of a journal entry.To Learn more about a Journal Entry, Click The links.
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Company characteristics, strategic objectives, and organizational culture are all examples of _____ that vary across organizations.
All these terms that vary across organizations are the examples of internal environment .
The term "internal environment" refers to the values, people, activities, and situations that exist within a company and have the potential to affect decisions made by the company.The internal environment vary across organizations depending on several factors.
A business's internal environment is affected by Internal factors which include a variety of variables. These factors encompass organisational structure, corporate culture, human resources, physical resources, and technological capabilities. They also include values, systems, vision, mission, and objectives.
An organisation is directly impacted by internal environmental conditions. Additionally, these elements can be changed in accordance with circumstances and needs to adapt to the changing business environment.
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The more extensive an electrical wiring system is, the more cost added to the project. true false
It is True that the more extensive an electrical wiring system is, the more cost added to the project.
What are the Types of Electrical Wiring Systems?Wiring ClatIn this, 0.6 m-diameter porcelain, wood, or plastic cleats are fastened to walls or ceilings at regular intervals.
Wire Casing and CappingIn this, a cable is passed through a grooved wooden casing.
a batten wireInsulated wires are woven into the slender teak wooden battens of this. Plugs and screws are used to secure the wooden battens to the walls or ceilings. Use of tinned brass link clips allows the wires to be attached to the battens.
cable wiringPVC cables are used in this wiring and are taken through either steel or PVC conduit pipes.
Sheathed in Lead WiringWith the exception of the type of wire or cable, this wiring technique is likewise comparable to the CTS / TRS Wiring. In this, vulcanized Indian rubber is used to insulate the electrical conductor before a sheath made of a lead-aluminum alloy (95% lead and 5% aluminum) is applied.
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Suppose the equilibrium rent in boston is $1,500. A rent ceiling of $1,600 per month leads to.
Suppose the equilibrium rent in Boston is $1,500. Ceiling rent $1,600 per month doesn't make a difference in the Boston apartment market.
The buying and selling transaction itself usually involve a bargaining process between the seller and the buyer. Both will seek a price that they mutually agreed upon and then the sale and purchase transaction will be carried out.
Basically, the equilibrium price is a price meeting point that is agreed by both parties for a sale and purchase transaction to occur. The interaction between sellers and buyers that causes buying and selling transactions is referred to as the market, so the equilibrium price is also commonly referred to as the market price.
The equilibrium price is formed because of a meeting between supply and demand. At the equilibrium price, the quantity demanded is equal to the quantity supplied. The equilibrium price can be obtained in 3 ways, namely a mathematical approach using a formula, a curve approach, and a table approach.
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Suppose you have $12,000 in the bank and plan to spend $10,000 to buy a car. one opportunity cost of buying the car would be:_________
Consider that you have $12,000 in savings and intend to spend $10,000 on an automobile. The interest you cannot earn on your $10,000 would be the one opportunity cost of purchasing the car.
Define opportunity cost.The benefit that was lost because a particular alternative wasn't selected is known as the opportunity cost.It is critical to weigh the advantages and disadvantages of each choice in order to determine opportunity costs effectively.Opportunity cost is an entirely internal expenditure that is only taken into account for strategic purposes; it is not accounted for in accounting profit and is not disclosed to outside parties.Examples of opportunity costs include deciding not to modernize equipment, choosing the most expensive product packaging over less expensive options, or deciding to develop a new manufacturing facility in Los Angeles rather than Mexico City.To know more about opportunity cost visit:
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Carlos can produce the following combinations of x and y: 10x and 10y, 5x and 15y, and 0x and 20y. the opportunity cost of one unit of x for carlos is:_________
Carlos can produce the following combinations of x and y: 10x and 10y, 5x and 15y, and 0x and 20y. the opportunity cost of one unit of x for carlos is 1 Y/X
Since,
Opportunity cost ( OC) = What we give up/ What we gain
Therefore,OC x = Give up ( y)
= 15-10
= 5y
Therefore, =5/5
= 1y/x
What is opportunity cost?
Opportunity cost is the profit that is forfeited when one option is chosen over another. The idea serves merely as a reminder to weigh all viable options before making a choice. For instance, let's say you have $1,000,000 and decide to put it into a product line that will yield a 5% return. Opportunity cost might not always include financial resources. Opportunity cost is a concept that is sometimes difficult to properly quantify at the moment of decision-making. Instead, the decision-maker may only make approximations of the results of different alternatives, which means that incomplete information may result in an opportunity cost that won't be apparent until after the fact.To know more about Opportunity cost visit:
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Generally ____ require more technical skills and fewer conceptual skills.
a. executive managers
b. first-line managers
c. middle managers
d. systems managers
e. board of directors
Generally, first-line managers require more technical skills and fewer conceptual skills.
First-line managers who carry out management tasks on the ground are known as first-line managers. They are the managers who work most closely with the team members, and they are usually in charge of making sure that the team successfully carries out organizational goals every day.
First-line managers are generally in charge of managing a group of workers in a department or team. In general, they ensure that their team accomplishes the daily and overall objectives of a specific organization. First-line managers have a strong connection to organizational operations since they frequently collaborate closely with team members.
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Tax rates for propietorships, partnerships, and llcs __________ with the passage of the tax cuts and jobs act of 2017.
Tax rates for proprietorships, partnerships, and LLCs changed with the passage of the tax cuts and the jobs act of 2017.
What are the tax cut and job act 2017?Deductions, depreciation, expensing, tax credits, and other business-related tax items have been altered as a result of the Tax Cuts and Jobs Act ("TCJA"). Business owners can use this side-by-side comparison to comprehend the changes and make appropriate plans.
Some TCJA provisions that apply to individual taxpayers may also have an impact on corporate taxes. Reviewing the revisions to the individual tax code will help businesses and self-employed people understand how these provisions may affect their own business position.
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Under ________, the market consists of many buyers and sellers trading in a uniform commodity.
Under Perfect competition, the market consists of many buyers and sellers trading in a uniform commodity.
Perfect competition , market consist of many buyers and sellers trading in a uniform commodity.
Under perfect competition , homogeneous product is sold and firm is the price taker. Forces of demand and supply fix the price.
There are different types of market in the economy such as perfect competition, monopoly, monopolistic competition, oligopoly.
Every market has different feature from each other.
Companies earn normal profit in the perfect competition because there is free entry and exit of the firms.
It does not need heavy investment to start.
Buyers have perfect knowledge so firms cannot charge higher price.
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Entrepreneurs who have engaged in years of deliberate practice tend to have ______.
Most of the entrepreneurs who have engaged in years of deliberate practice tend to have a higher sense of intuition.
Who are the entrepreneurs?This refers to the individual that starts and runs a business with limited resources, planning and responsible for all the risks & rewards of their business venture. Their business idea usually entails a new product or service rather than an existing business model.
It is not a rocket science that an entrepreneurs with professional experience are better critical thinkers. No matter what work they do or happen, they are being able to analyze things critically till the point of their favors.
Hence, a higher sense of intuition is important for an entrepreneur because it allows swift decision making. Even, when people allow intuition to be part of their decision-making process, they experience less regret and feel less conflicted when they make important decisions
In conclusion, the entrepreneurs who have engaged in years of deliberate practice tend to have a higher sense of intuition.
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In a large business, the _____ department makes sure that all the computer operations, mobile devices, and networks run smoothly.
In a large business, the information technology department makes sure that all the computer operations, mobile devices, and networks run smoothly.
This is further explained below.
What is business?Generally, A person may earn a livelihood or make money via the practice of running a business, which entails the production of goods as well as their purchase and sale.
Additionally, it refers to "any activity or company that is engaged in for the sake of profit."
An organization or enterprising entity that engages in advertising, industrial, or professional life is referred to as a business.
Businesses can be profit community organizations or non-profit organizations.
There are many different types of businesses, including limited liability companies sole proprietors, corporations, and partnering.
In conclusion, When it comes to ensuring that all of the computer systems, mobile devices, and networks in a major company are operating efficiently, it is the responsibility of the information technology department.
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Somerset leasing received $38,400 for 12 months' rent in advance. how shouldsomerset record this transaction?
Somerset leasing received DEBIT cash 38,400, Credit Deferred revenue 38,400
What do you mean by lease?
The conditions under which one party agrees to rent an asset—in this case, property—owned by another party are outlined in a lease. It ensures that the tenant, also known as the lessee, will have access to the property and, in return, will make monthly payments to the lessor (the landlord or owner of the property). If either party violates the contract's conditions, there will be repercussions for both the lessee and the lessor. A type of incorporeal right is a lease. Additionally, it provides important context, like task duration, order, and dependency.
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To hedge future uncertainty, five sets of actions organizations can be taken. one of which is:_____.
To hedge future uncertainty, five sets of actions organizations can be taken. one of which exist delay until further clarity emerges.
What is five sets of actions organization?In his book "The Future of Technology Management and the Business," American Professor Alfred A. Marcus (born in 1950) explains that hedging could be a tactic to shield businesses from the quickly changing environment they encounter as a result of the constant introduction of technology to the market. Marcus lists the following five hedging techniques that companies could use:
Gamble on the most probable: work on the product with the highest success rate.Take the robust route: invest in as numerous products as possible.Delay until further clarity emerges: waiting for a proper moment to respond in front of market changes.Commit with a fallback: adapt according to the market.Try to shape the future: innovate.To learn more about Alfred A. Marcus refer to:
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The income effect, the substitution effect, and diminishing marginal utility together explain:______.
The income effect, the substitution effect, and diminishing marginal utility together explain the Downsloping Demand Curve.
The Downsloping Demand Curve is explained by each of them. Because marginal utility decreases as more of a thing are consumed, a consumer's demand curve for that product slopes downward.
Income Effect: The change in demand for a good or service brought on by a shift in a consumer's purchasing power as a result of a change in real income is known as the income effect.
Substitution Effect: The substitution impact is the decline in sales of a product brought on by customers switching to less expensive substitutes when the price of the product increases.
Diminishing Marginal Utility: The phenomenon known as diminishing marginal utility describes how each extra unit of gain results in an ever-smaller rise in subjective value.
The income effect, the substitution effect, and diminishing marginal utility together explain the Downsloping Demand Curve.
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If motorcycle producers adhered to teh solowgrowth model, which items would they view as importantto econmoic growth?
If motorcycle producers adhered to the Solow growth model. All of these are important for economic growth under the Solow model. Note that technological progress represents the time and knowledge in this case which continues to be constant in the model. Tools assembly line robots and warehouses are actually factors of production and are essential for economic growth.
A standard definition of economics might describe it as a social science focused on the satisfaction of needs and desires through the allocation of scarce resources with alternative uses. societies, governments, businesses, and individuals.
A product is an item offered for sale. Products are services or items. It can be in physical or virtual or cyber forms. All products are made at a price and sold at a price. The price that can be calculated depends on the market, quality, marketing, and target segment. A product is an item or service that you sell to satisfy a customer's needs or desires. they are physical or virtual. Physical products include durable goods (such as cars, furniture, and computers) and consumables (such as food and beverages).
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