A good for which there is an inverse relationship between the demand for the good and income is?
Answers
A good for which there is an inverse relationship between the demand for the good and income is Inferior good.
What is Inferior good?
An economic term used to describe a good whose demand decreases as people's incomes rise is an inferior good. As incomes and the economy grow, buyers start switching to more expensive substitutes, which causes these products to lose popularity.
An inferior good is one whose demand declines with increasing consumer income (or rises with decreasing consumer income) in economics, as opposed to normal goods, for which the opposite is seen. The demand for normal items increases as consumer income increases.
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Related Questions
How can I unclog the toilet the potatoes got stuck in there? (I hope this not a inapropriate question)
Answers
Answer:
Just get something like a brush and it will get off
Explanation:
Just do it
in _______, you can use the _____ market to cover your exposure to potential currency depreciation.
Answers
In covered interest arbitrage, you can use the forward market to cover your exposure to potential currency depreciation.
Covered interest arbitrage is a trading strategy that allows you to reduce or eliminate the risk of potential currency depreciation.
By using the forward market, you can lock in an exchange rate for a future date and thereby guarantee the rate of return on your investment.
This can provide a secure, low-risk return on your investment, allowing you to protect yourself against potential losses due to currency fluctuations.
Covered interest arbitrage is a simple and effective way to protect yourself against potential losses due to unpredictable currency exchange rates.
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What must companies do to be competitive in today’s market?.
Answers
Answer:
Offer high-quality products and outstanding service at competitive prices.
Explanation:
If the buyer is to pay the freight costs of delivering merchandise, delivery terms are stated as?.
Answers
Delivery terms are FOB shipping point if the buyer is responsible for covering the cost of transporting the goods.
When purchasing or selling inventory, the delivery conditions are frequently FOB destination or shipping point. To make sure that inventory is being recorded at the appropriate time, it is crucial to be aware of and comprehend the delivery terms.
FOB is defined as the Shipping Point.
The shipping abbreviation "FOB" stands for "free on board." If a shipment is marked FOB (the seller's location), the seller registers the sale as complete as soon as the shipment of goods departs the seller's warehouse.
What exactly does FOB in a purchase order mean?
"Free on Board" is the phrase. When shipping products, the term "F.O.B." is frequently used to denote who is responsible for covering the costs of loading and transportation as well as the moment at which ownership of the items passes from the shipper to the buyer.
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Post-Assessment
Question 2 of 5
Why is buying a car considered "bad debt"?
It decreases in value over time
It increases your net worth as it build equity
It gives you transportation to and from your job
It is worth more than any other investment
Submit
Continue
E
Answers
The reason why buying a car considered "bad debt"is that It decreases in value over time. option A
What is bad debt?The term bad debt can be described as the amount of money that a creditor must write off as a result of a default on the part of the debtor in a case whereby the creditor has a bad debt on the books, then things turn to uncollectible and is recorded as a charge-off.
It should be noted that a case can be regarded as bad debt because the value of the asset you receive from the loan depreciates quickly however in some cases interest charges increase how the amount that is been paid for the vehicle. and in thius case cost is higher compare to what it would be if you'd purchased the car outright with cash.
Hence, option A is correct.
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What if the U.S. Government wants to slow down INFLATION. What would be the best policy tool to accomplish this?
Answers
The best policy tool to accomplish this will be Contractionary monetary policy
This is further explained below.
What is Contractionary monetary policy?Generally, The use of restrictive monetary policy as a tool for reducing inflation is becoming more common.
By raising interest rates, the objective of a policy referred to as "contractionary" is to lower the amount of money that is circulating within an economy.
5 This serves to slow down economic development by making borrowing more costly, which in turn affects expenditure by both consumers and businesses.
In conclusion, To achieve this goal, contractionary monetary policy will be the most effective instrument of policy.
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If the actual call price is 3.80, the implied volatility (variance) is
a. 0.15
b. greater than 0.15
c. less than 0.15
d, infinite
Answers
If the actual call price is 3.80, the implied volatility (variance) is greater than 0.15. The correct option is B
Implied volatility is a measure of the expected fluctuations in the price of an asset over a certain period of time. It is calculated by taking into account the current market price of an option and other factors such as the time until expiration, the strike price, and the underlying asset's price.
When the actual call price is higher than the expected price, it suggests that there is more uncertanity or risk in the market, which means that the implied volatility will be greater. In this case, since the actual call price is 3.80, it is higher than the expected price, which means that the implied volatility (variance) is greater than 0.15.
It is important to note that the implied volatility can fluctuate based on market conditions and other factors, and it is not always a reliable indicator of future price movements. However, it can provide insight into how the market is pricing options and can be useful for traders and investors when making decisions about buying or selling options.The correct option is B.
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why should a marketers be cautious about including videos that play automatically when people navigate to the marketer's website
Answers
Answer:
D
Explanation:
Just imagine yourself being in a work place or in a library, where you have other person's around you. And you're browsing through a site, then suddenly a video pops up and started playing automatically at the highest level. Can you imagine the kind of situation that would be created at that instance? Very awkward.
So therefore, marketer should apply caution when it comes to including video that plays automatically. This will avoid creating such kind of awkward situation for users at work.
Answer: D
Explanation: Just took the quiz
Wichita Industries' sales are 10% cash and 90% on credit. Credit sales are collected as follows: 40% in the month of sale, 50% in the next month, and 10% in the second following month. On December 31, the accounts receivable balance includes $21,000 from November sales and $51,000 from December sales. Assume that total sales for January are budgeted to be $59,000. What are the expected cash receipts for January from the current and past sales?
Answers
Answer:
$57,100
Explanation:
The technique for this question to follow closely the payment cycle
Calculation of January Cash Receipts
Cash Sales ($59,000 x 10%) $5,900
Credit Sales in January ($59,000 x 40%) $23,600
Credit Sales in December ($51,000 x 50%) $25,500
Credit Sales in December ($21,000 x 10%) $2,100
Total $57,100
Conclusion
the expected cash receipts for January from the current and past sales is $57,100
Which of the following is a risk banks should prepare for?
A.
Falling interest rates
B.
Borrowers who don't pay back loans
C.
Too many people requesting loans
D.
People switching to online transactions
Answers
Hope this helps
Borrowers who don't pay back loans.
on january 1, 2024, wendall company purchases new equipment for $649,000. wendall is required to make a down payment of $135,000 and issue an installment note for the remaining balance of $514,000. the note requires payments of $70,166.04 every three months, beginning march 31, 2024, over the next two years. the interest rate on the note is 8% annually (or 2% every three months). required: 1. record the purchase of equipment with down payment of $135,000 and the installment note of $514,000 on january 1, 2024. 2. record the first payment of $70,166.04 on march 31, 2024.
Answers
1. To record the purchase of equipment with a down payment of $135,000 and an installment note of $514,000 on January 1, 2024, you would follow these steps:
Step 1: Debit the Equipment account for $649,000. This reflects the cost of the equipment.
Step 2: Credit the Cash account for $135,000. This represents the down payment made by Wendall Company.
Step 3: Credit the Notes Payable account for $514,000. This represents the remaining balance of the equipment cost that will be paid through the installment note.
The journal entry would look like this:
Equipment $649,000
Cash $135,000
Notes Payable $514,000
2. To record the first payment of $70,166.04 on March 31, 2024, you would follow these steps:
Step 1: Debit the Notes Payable account for $65,166.04. This represents the principal portion of the payment.
Step 2: Debit the Interest Expense account for $5,000. This represents the interest portion of the payment.
Step 3: Credit the Cash account for $70,166.04. This reflects the actual payment made by Wendall Company.
The journal entry would look like this:
Notes Payable $65,166.04
Interest Expense $5,000
Cash $70,166.04
Please note that the interest expense is calculated by multiplying the outstanding balance of the note by the interest rate of 2% (or 0.02) for the three-month period. In this case, it is $514,000 * 0.02 = $10,280. Dividing this by four (since it's a quarterly payment) gives $5,000.
By following these steps, you can accurately record the purchase of equipment and the first payment on the installment note.
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Annoying isn't it. When people purposely answer your question when they know it's completely useless. Kinda like how I specifically told people NOT to answer the questions I asked because I was doing an experiment, and every time I did that, two people purposely answered my question when they were told not to.
People are d. i. c. k. s.
Answers
Answer:
wow
Explanation:
I'm gonna type a random answer
Politics is sort of like a game. And the best gamer is great at manipulating the rules.
Answers
Politics is about making agreements between people so that they can live together in groups such as tribes, cities, or countries. In large groups, such as countries, some people may spend a lot of their time making such agreements.
Somebody help I'll give 30 points
Answers
Answer:
1. Salesforce helps their people feel good by giving back to the community. They also offer great challenges and rewards, and have open communication culture.
2. Cisco offers good benefits that focus on family and enabling people to combine parenthood with their jobs. It’s also a great place to learn and develop professionally.
3. Admiral allows people to give back to the community through charity. They have built a strong sense of belonging and believe in the importance of having fun so people bring their best to work.
Explanation:
Answer:
Happy meal wih a mcdoobale
Explanation:
What is zero energy cold storage?
Answers
Zero energy cold storage is a type of cold storage facility that is designed to be energy-efficient and use minimal electricity. The goal of zero energy cold storage is to use insulation, natural refrigerants, and other energy-saving technologies to keep food and other items at the desired temperature without using a significant amount of electricity.
Answer:
Zero energy cold storage is an evaporative cooler called a "zero energy cooling chamber" (ZECC), which is an inexpensive and simple method of keeping vegetables fresh without electricity. As water evaporates from a surface, heat is removed, resulting in a cooling effect that can improve the shelf life of vegetables when they are stored.
green planet corp. has (a) 5,700 shares of noncumulative 11% preferred stock with a $2 par value and (b) 17,900 shares of common stock with a $0.01 par value. during its first two years of operation, green planet declared and paid the following total cash dividends. compute the dividends paid each year to each of the two classes of stockholders: preferred and common.
Answers
The dividends paid each year to each of the two classes of stockholders: preferred and common are as follows:
Preferred Common Total Dividend
Year 1 $880 $0 $880
Year 2 $1,254 $536 $1,790
How are the dividends determined?The dividends are first apportioned to the preferred stockholders based on their percentages.
However, for the first year, the dividend was insufficient to pay the due amount to the preferred stockholders. The total dividend is allocated to the preferred stockholders with no dividend for the common stockholders.
In the second year, the dividend declared was sufficient to satisfy the quota of the preferred stockholders while the remainder is shared with the common stockholders.
Note that since the preferred stock is noncumulative, no arrears of dividends are considered when sufficient amounts are available.
11% Preferred noncumulative stock = $11,400 (5,700 x $2)
Common stock = $179 (17,900 x $0.01)
Dividend Distribution:Year 1:
Preferred stockholders = $880 ($11,400 x 11% = $1,254)
Common stockholders = $0 ($880 - $880)
Year 2:
Preferred stockholders = $1,254 ($11,400 x 11%)
Common stockholders = $536 ($1,790 - $1,254)
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Question Completion:Total Dividend
Year 1 $880
Year 2 $1,790
A furniture manufacturer instituted a new strategy of producing custom-designed kitchen fittings rather than predesigned fittings. Although the amount of fittings produced by the company fell in the first few months that the new plan was implemented, management was quick to encourage the workers, pointing out that the custom fittings sold faster (and at a higher profit margin) than the predesigned fittings. What strategy is management using to overcome resistance to change in the move toward new patterns?.
Answers
The strategy that management is using to overcome resistance to change in the move toward new patterns is option C: Unfreezing.
What does management mean by unfreezing and refreezing?The initial unfreezing phase's main goal is to raise public awareness of the impending transition. The actual implementation takes place to facilitate the transition during the change stage. The objective of the last refreeze phase is to achieve stability and balance following the modification.
Therefore, in Unfreezing is the initial transitional stage and one of the most important ones in the complete change management process. By encouraging a realization for leaving the current comfort zone and entering a transformed scenario, it involves increasing people's preparedness and willingness to change.
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See options below
Question Options:
A. Benchmarking. B. Celebrating early wins. C. Unfreezing. D. Behavioral process orientation.
which wheel settings change when you mount the subframe incorrectly in the transverse direction? Check all that apply
TOE
CAMBER
STEERING AXIS INCLINATION (SAI)
CASTER
Answers
The wheel settings that change when you mount the subframe incorrectly in the transverse direction is "CASTER" (Option D)
What is Caster?Caster is the process of aligning a wheel with the direction of travel, which can be performed by caster displacement or caster angle. As with the front wheels of a shopping cart, caster displacement shifts the steering axis forward of the axis of wheel rotation. The steering axis is moved away from the vertical by the caster angle.
The caster angle, also known as the castor angle, is the angular displacement of the steering axis from the vertical axis of a steered wheel of a car, motorbike, bicycle, another vehicle, or watercraft as seen from the side.
Positive caster enhances the responsiveness of your vehicle while negotiating bends and the stability of your car when going at greater speeds. The sole disadvantage of a positive caster is that it increases the amount of effort required to steer your car.
Turning plates and a digital or bubble camber/caster gauge are the two most common methods for measuring caster angles. Measuring the upper and lower wishbone mounting points or the MacPherson strut angle.
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Best Reinsurers assumes, under a treaty, all homeowners and personal auto business underwritten by Aurora Insurance Company. On occasion, Aurora will underwrite some homeowners policies with very high value homes. Aurora underwriters have been directed through their underwriting guidelines not to cede high value homes (as in the directive) to the treaty. Although the treaty does not expressly exclude this business, the directive was developed to protect the treaty from unusually high losses. If an application is submitted for a home that falls within the directive and Aurora does not wish to retain the entire risk, what is the best method of handling this submission
Answers
Answer: C. Purchase facultative reinsurance and write the policy
Explanation:
The options are:.
A. Purchase another treaty and write the policy
B. Decline the business for reinsurance reasons
C. Purchase facultative reinsurance and write the policy
D. Cede the policy to the existing treaty if the risk is acceptable
Based on the information given, we should note that in a case whereby an application is submitted for a home which falls within the directive and Aurora does not wish to retain the entire risk, the best method of handling this submission will be to buy a facultative reinsurance and then write the policy.
A facultative reinsurance is the coverage that is bought by a primary insurer in order to cover a particular risk. Hence, it'll be used to cover the single risk in this case.
HELPPPP!!!! WILLL GIVE BRAINLEST!!!
It allows you to rent a car while yours is being repaired. a. auto replacement c. personal damage liability b. comprehensive physical damage d. rental reimbursement
Answers
Answer:
I'm pretty sure the answer is d
Explanation:
Alternatively, you may pay out-of-pocket for your rental then seek reimbursement from the other insurance company once it completes its investigation.
Answer:
D
Explanation:
How does the circular flow model represent the interactions between households and firms?
Answers
The interplay between two sets of economic decision-makers—households and businesses—as well as two different categories of economic markets—the market for commodities and the market for products and services—is depicted by the circular flow model.
The approach demonstrates how businesses and households can benefit from each other.
What three categories of economic decisions are there?Economic decisions affect the production, trade, distribution, consumption, saving, and investment of economic resources. The objectives of individuals, private organizations, and society at large are served by economic decisions.
Free market, command, and mixed economies are the three primary types. Command and free-market economies; mixed economies combine the two. Both people and corporations are free to choose their own economic course. All national economic decisions are made by the state's central authority.
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An investment will pay you $400 per year for 25 years with the
first payment received 9 years from today. If you use a 8% rate to
evaluate investments, how much will you pay for the investment
today?
Answers
You should be willing to pay about $2,885.47 for the investment today given an 8% rate of return.To calculate the present value of this investment, we need to use the formula for the present value of an annuity and discount the cash flows back to today's value.
We have an annuity of $400 per year for 25 years, with the first payment received 9 years from today. We can think of this as two separate annuities: one starting in 9 years and one starting immediately.
Calculate the present value of the annuity: PV_A = PMT * (1 - (1 + r)^-n) / r,
where PMT = $400, r = 0.08, and n = 25 years.
PV_A = 400 * (1 - (1 + 0.08)^-25) / 0.08 = 400 * (1 - 0.146) / 0.08 ≈ $5,372.63
Discount the annuity's present value to today's value: PV_Today = PV_A / (1 + r)^t, where t = 9 years.
PV_Today = 5372.63 / (1 + 0.08)^9 ≈ $2,885.47
So, you should be willing to pay about $2,885.47 for the investment today given an 8% rate of return.
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PLEASE HELP!!
If you want to start an emergency savings fund and want to make sure your money is available at any given time, which is the best option for you?(1 point)
Responses:
1. a bank savings account
2. a money market mutual fund
3. a CD
4. a mutual fund
Answers
Answer:If you want to make sure your money is available at any given time, a bank savings account would be the best option for you.
Explanation:
Ms. smith opened a bank account to save money. the balance of the account is modeled by the function f(x) = 4,000(1.06)x , where x is the number of years since the account is opened. according to the function, what is happening to the balance of the account each year?
Answers
Answer:
a
Explanation:
Balance of the account increasing each year linearly is happening to the balance of the account each year.
What is the Balance in the account?Your account balance is the sum of all posted credit and debit transactions. It is the amount in your account before any pending charges are added. Your available balance is the sum of money you have accessible for withdrawals or purchases.
When you check the balance of your bank account online, the available balance and total balance can be two different figures. A debit lowers the amount, whereas a credit enhances it. expense reports. A credit decreases the balance while a debit raises it.
The debiting of positive asset and cost values and crediting of negative balances are shown by this. For instance, after receiving $1,000 in cash, a journal entry would include a debit of $1,000 to the cash account in the accounting software.
Thus, Balance of the account increasing each year.
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T/F: Just as in the common law, the UCC recognizes the concept of anticipatory repudiation allowing a breach to be declared prior to performance being due.
Answers
Just as in the common law, the UCC recognizes the concept of anticipatory repudiation allowing a breach to be declared prior to performance being due. The statement is true.
The Uniform Commercial Code (UCC), which governs commercial transactions in the United States, recognizes the concept of anticipatory repudiation. Anticipatory repudiation refers to a situation where one party to a contract clearly indicates that they will not fulfill their contractual obligations before the performance is due. This allows the other party to treat the contract as breached and take appropriate legal action, such as seeking damages or pursuing other remedies, without waiting for the actual performance date.
This concept is similar to the common law principle of anticipatory breach, which applies in non-commercial contractual disputes.
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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
Answers
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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By law, an accountant must hold a CPA designation in order to
?
Answers
Answer:
The CPA designation isn't required to work in corporate accounting or for private companies. However, public accountants—which are individuals working for a firm, such as Deloitte or Ernst & Young, that provides accounting and tax-related services to businesses—must hold a CPA designation.
Explanation:
Answer:
Prepare audited or reviewed financial statements.
Hope this helps :)
When the government subsidizes consumers of an agricultural crop, this is an export subsidy.
a. True
b. False
Answers
To say that we are talking about an export subsidy when the government was subsidizing the consumers of an agricultural crop is incorrect, because there is no relationship. The statement is false.
An export subsidy is a payment made by the government to producers of a good or service to encourage them to export more of their products. This is different from subsidizing consumers, which is done to make a product more affordable for domestic consumers.
Subsidizing consumers can actually decrease the amount of a product available for export, as it can increase domestic demand for the product.
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a)Consider recent financials for Ellie's Essentials LLC:Balance Sheet2020 2019Current Assets $11,155.00 $10,000.00Net PPE $31,000.00 $30,000.00Total Assets $42,155.00 $40,000.00Current Liabilities $8,999.00 $8,000.00Long-term debt $13,569.00 $12,000.00Total Liabilities $22,568.00 $20,000.00Shareholder Equity $19,587.00 $20,000.00Liabilities and Equity $42,155.00 $40,000.00Income Statement 2020 2019SALES $11,000.00 $10,000.00COGS $4,400.00 $4,000.00GROSS PROFIT $6,600.00 $6,000.00S&A $1,100.00 $1,000.00Depreciation $550.00 $500.00EBIT $4,950.00 $4,500.00INTEREST $1,272.00 $1,200.00EBT $3,678.00 $3,300.00TAXES (37.00%) $1,360.86 $1,221.00NET INCOME $2,317.14 $2,079.00
Answers
b) Calculate the following financial ratios for Ellie's Essentials LLC:
i. Current ratio for 2020
ii. Debt-to-equity ratio for 2020
iii. Gross profit margin for 2019
iv. Return on equity for 2019
a) Ellie's Essentials LLC has a total asset of $42,155.00 and a total liability of $22,568.00. The shareholder equity is $19,587.00 in 2020. The net income in 2020 is $2,317.14, which increased from $2,079.00 in 2019.
b) i. The current ratio for 2020 is current assets of $11,155.00 divided by current liabilities of $8,999.00, which equals 1.24.
ii. The debt-to-equity ratio for 2020 is long-term debt of $13,569.00 divided by shareholder equity of $19,587.00, which equals 0.69.
iii. The gross profit margin for 2019 is gross profit of $6,000.00 divided by sales of $10,000.00, which equals 0.60 or 60%.
iv. The return on equity for 2019 is net income of $2,079.00 divided by shareholder equity of $20,000.00, which equals 0.1039 or 10.39%.
Ellie's Essentials LLC has a good current ratio indicating that it is capable of paying off its short-term obligations. Its debt-to-equity ratio indicates that the company relies more on equity than debt. The company has a high gross profit margin, indicating its ability to generate a profit after accounting for the cost of goods sold.
However, the return on equity ratio is relatively low, indicating that the company is not generating a high enough return on its shareholder's investments.
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What are the 4 market segmentation variables?
Answers
The four categories or basis for market segmentation are Geographic Market Segmentation, Demographic Market Segmentation, Psychographic Market Segmentation, Behavioral Market Segmentation
What advantages does market segmentation offer?Market segmentation offers a number of advantages and aids in identifying the consumers most likely to buy your good or service. Here are just a few advantages you might encounter: You'll design marketing campaigns that appeal specifically to the target market. You'll keep more of your clients. Your target market will be more devoted to your brand.
What factors ought companies to think about when segmenting their markets?Targeted advertising campaigns, increased brand loyalty, improved product development, and the ability to increase profit margins are all advantages of market segmentation.
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