Provide three examples of how a company’s risks can influence its planning, controlling, and decision-making activities.

a) Credit Inventory for $517,800

b) Debit Inventory for $66,800

c) Credit Accounts Receivable (or Trade Receivables) for the same amount

(a) The journal entry to record the sale of merchandise from Windsor Company to Wildhorse Company on March 2nd would be:

Debit Accounts Receivable (or Trade Receivables) for $854,200

Credit Sales Revenue for $854,200

Debit Cost of Goods Sold for $517,800

Credit Inventory for $517,800

The debit to Accounts Receivable represents the amount owed by Wildhorse Company for the merchandise purchased on account. The credit to Sales Revenue recognizes the revenue generated from the sale. The debit to Cost of Goods Sold recognizes the cost of the merchandise sold, and the credit to Inventory reduces the inventory balance as the goods are no longer in stock.

(b) The journal entry to record the return of merchandise by Wildhorse Company on March 6th would be:

Debit Sales Returns and Allowances for $109,800

Credit Accounts Receivable (or Trade Receivables) for $109,800

Debit Inventory for $66,800

Credit Cost of Goods Sold for $66,800

The debit to Sales Returns and Allowances reduces the revenue from the original sale. The credit to Accounts Receivable reduces the amount owed by Wildhorse Company for the returned merchandise. The debit to Inventory increases the inventory balance as the goods are returned to stock, and the credit to Cost of Goods Sold reduces the cost of the merchandise originally sold.

(c) The journal entry to record the payment received by Windsor Company on March 12th would be:

Debit Cash (or Bank) for the amount received from Wildhorse Company

Credit Accounts Receivable (or Trade Receivables) for the same amount

The debit to Cash represents the inflow of funds from the customer's payment. The credit to Accounts Receivable reduces the amount owed by Wildhorse Company, reflecting the settlement of the outstanding balance.

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The market value of the property has increased by $26,000 assuming straight-line appreciation.

First, we need to calculate the current assessed value of the property. If the property is assessed at 50% of its market value, then we can use the following formula:

Assessed Value = Market Value × 0.5

Let's assume the market value of the property is X, then its assessed value will be:

Assessed Value = X × 0.5 = 0.5X

Now, we can calculate the current property tax by using the following formula:

Current Property Tax = (Assessed Value ÷ 100) × Tax Rate

Substituting the given values, we get:

Current Property Tax = (0.5X ÷ 100) × $4.90 = $0.0245X

We know that the property tax has increased by $637. Therefore, we can set up the following equation:

New Property Tax - Current Property Tax = $637

Let's assume that the market value of the property has increased by Y. Then the new assessed value will be:

New Assessed Value = (X + Y) × 0.5 = 0.5(X + Y)

We can calculate the new property tax using the same formula as before:

New Property Tax = (0.5(X + Y) ÷ 100) × $4.90 = $0.0245(X + Y)

Substituting these values in the equation, we get:

$0.0245(X + Y) - $0.0245X = $637

Simplifying the equation, we get:

$0.0245Y = $637

Y = $637 ÷ $0.0245

Y = $26,000

Therefore, the market value of the property has increased by $26,000 assuming straight-line appreciation.

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Answer:

Five careers within the Business, Management, and Administration or Finance clusters that would be interesting to me are treasurer, underwriter, debt counselor, corporate trainer, and public relations specialist. Of those careers, the three that I think would be best suited to my skills and interests are underwriter, corporate trainer, and public relations specialist.

As a public relations specialist, I would work to create positive relationships with the media, community leaders, special interest groups, and others to help boost the image of the company for which I work. I would write press releases, speeches, and other documents as the liaison to the media. As such, it would be important for me to have excellent writing, time management, public speaking, and interpersonal skills. Because the median salary is $55,680 with an average increase in employment from 2012–2022, it could be a great starting-off point that would allow me to get into the field of public relations.

To become a public relations specialist, I would need to start by getting a bachelor’s degree in public relations. Three schools that I would consider attending to get my degree are the University of Southern California–Los Angeles, University of Texas–Austin, and the University of Tennessee. Each of these schools has established programs that offer hands-on experience in the public relations field. They also offer master’s programs in communications, so I could work toward a master’s degree, as well.

Explanation:

Answer:

Of all the jobs within the Agriculture, Food, and Natural Resources and Energy clusters, I think that the following would be the most interesting for me: seismic technician, food scientist, nursery manager, weatherization manager, and zoologist. Of these career options, I think zoologist, food scientist, and nursery manager are the ones that I would consider pursuing. I would truly enjoy being a nursery manager.

I’ve always considered myself to be someone with a “green thumb.” I enjoy gardening, so I think I would love to make a career out of working in a greenhouse with various plants. I would need to learn about the various plants in the nursery: how to care for them, how to identify when they have a disease or pest, and how to treat problems that arise. As the manager, I would also need to supervise the people working in the nursery.

Some of the skills that will help me find success as a nursery manager are creativity and excellent communication, teamwork, leadership, and problem-solving skills. I would also need to complete on-the-job training and an apprenticeship. I think it would be great to get a job working in a nursery while in high school, so I can start training while I’m still in school. It would give me an opportunity to learn from someone with experience in the field.

Although many nursery-related careers require only a certification or on-the-job training, a manager can benefit from getting a bachelor’s degree in horticulture science. Some of the best programs for horticulture science are through Washington State University, University of Florida, or Cornell University. After completing the program, I would hope to open my own nursery where I could sell plants to homeowners, landscapers, or commercial industries.

Explanation:

Market research can help you strategize your business and marketing goals.

Primary research is more specific and tailored to your specific needs than secondary research.

Your first marketing priority is to find out if you can sell your product or services.

The grouping of people for marketing purposes is called segmentation.

Once you find out what people want, there's a need to know the motivations for their choices.

Market research plays a critical role in shaping business and marketing strategies by providing valuable insights into customer preferences, market trends, and competitive landscapes. It helps in identifying target markets, understanding customer needs, and developing effective strategies to achieve business and marketing goals.

By conducting research, businesses can gather data and information to inform their decision-making and ensure that their goals are aligned with customer expectations and market opportunities.

Primary research involves gathering firsthand data directly from the source, such as through surveys, interviews, or observations. It is more specific and focused on the unique needs and objectives of a particular study. Secondary research, on the other hand, involves using existing data and information from published sources.

While secondary research provides a broader understanding of a topic, primary research allows for more control and customization of the research process to address specific research objectives.

When launching a new product or service, one of the primary marketing priorities is to determine if there is a demand for it in the market.

Market research helps in assessing the viability and potential success of a product or service by gathering insights on customer preferences, needs, and market conditions. This information enables businesses to make informed decisions about product development, positioning, pricing, and marketing strategies.

Segmentation is the process of grouping individuals with similar characteristics or behaviors into distinct segments for marketing purposes.

By segmenting the market, businesses can target specific groups that are most likely to be interested in their products or services. Market segmentation allows for more personalized and targeted marketing strategies, resulting in better customer engagement and increased marketing effectiveness.

Once businesses identify what people want through market research, it becomes crucial to understand the motivations behind their choices. This involves delving deeper into the underlying reasons, preferences, and factors that drive consumer behavior.

By understanding the motivations behind consumer choices, businesses can tailor their marketing messages, product features, and overall customer experience to better align with customer needs and increase the chances of success in the market.

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Double thing, half cylinder, rectangle, half cylinder, oval. (terminal or personal computer, transmittal tape, computer processing, transmittal tape, terminal). These diagrams represent those activities.

Games that centre on the administration of economic processes, typically in the form of a firm, are referred to as business simulation games, economic simulation games, or tycoon games. Management simulations, also known as pure business simulations, have been defined as construction and management simulations without a construction component. In fact, these games frequently stress micromanagement. They are primarily numerical yet attempt to keep the player's interest with inventive graphics. These games are interesting because they accurately simulate actual events using algorithms and closely link player actions to anticipated or conceivable results. The creation of artificial systems, gameplay, and structures is a crucial aspect of economic simulations.

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Answer:

It will add up.

Explanation:

Money adds up very fast.

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The reason why a marketer might choose Internet advertising over television advertising is that A. Because television advertising is more expensive.

Without spending money on a disproportionately large audience, online advertising enables you to identify, connect with, and engage people who are likely to be interested in your company. Online advertising provides detailed audience information so you may better target your efforts.

The reduced running costs of online marketing are one of its primary benefits for companies. Internet marketing makes advertising more affordable than more conventional forms of advertising like radio, television, and newspaper ads.

Therefore, option A is correct.

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The operating income from special order is $1400 and the opportunity cost per unit for lost sales to regular customers is $430.

a1. To determine the impact on operating income from accepting the special order, we need to calculate the total cost per sofa and compare it to the special price of $6,400 for 10 sofas.

Total cost per sofa = Direct materials + Direct labor + Fixed overhead

Total cost per sofa = $160 + $160 + $180

Total cost per sofa = $500

Revenue from special order = $6,400

Operating income from special order = Revenue - Total cost

Operating income from special order = $6,400 - ($500 x 10)

Operating income from special order = $1,400

Therefore, the impact on operating income from accepting the special order is an increase of $1,400.

a2. Based solely on a short-term financial analysis, Adams should accept the special order since it will result in an increase in operating income.

b1. If Adams is currently operating at full capacity, accepting the special order will require the company to forgo regular sales to its customers. The opportunity cost per unit for lost sales to regular customers can be calculated as follows:

Opportunity cost per unit = Selling price per unit - Total variable cost per unit

Opportunity cost per unit = $750 - $320

Opportunity cost per unit = $430

Therefore, the opportunity cost per unit for lost sales to regular customers is $430.

b2. Based solely on a short-term financial analysis, whether Adams should accept the special order if it is currently operating at full capacity depends on whether the contribution margin from the special order is greater than the opportunity cost per unit for lost sales to regular customers.

Contribution margin per unit = Selling price per unit - Total variable cost per unit

Contribution margin per unit = $6,400 / 10 - $320

Contribution margin per unit = $640 - $320

Contribution margin per unit = $320

Since the contribution margin per unit of $320 is greater than the opportunity cost per unit for lost sales to regular customers of $430, Adams should accept the special order. However, it's worth noting that accepting the special order could have long-term consequences on the company's relationships with its regular customers.

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The dean should be willing to pay up to $32,324.40 for the copy machine, given the expected incremental cash inflows and the three-year useful life of the machine.

To determine the maximum amount of cash the dean should be willing to pay for a copy machine, we need to calculate the present value of the incremental cash inflows.

Using the Present Value of $1 table with a 10% discount rate, we can find the present value factor for a three-year period: 0.751.

Therefore, the present value of the incremental cash inflows is:

$13,000 x 0.751 = $9,763

This means that the maximum amount of cash the dean should be willing to pay for the copy machine is $9,763.

To calculate the present value of an annuity of $1, we can use the Present Value of an Annuity of $1 table. In this case, we need to use the same 10% discount rate and a three-year period.

The present value factor for an annuity of $1 for three years at 10% is 2.4868.

So, the maximum amount of cash the dean should be willing to pay for the copy machine, taking into account the incremental cash inflows over the three-year useful life of the machine, is

$13,000 x 2.4868 = $32,324.40

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Reviewing the recent experience of the US in global markets reveals that America's standing as a global leader has been challenged by the rise of new global economic powers, such as China and India. Despite this, the US remains the world's largest economy and has the world's reserve currency, the US dollar.

As such, it maintains significant influence in global markets.The US has also been engaged in numerous trade disputes, including with China and the European Union. Additionally, the US has recently pursued a policy of protectionism, which has included the imposition of tariffs on imported goods.

This has had both positive and negative impacts on the US economy and its standing in the global marketplace.The US has also recently renegotiated trade deals, such as the United States-Mexico-Canada Agreement (USMCA), which replaced the North American Free Trade Agreement (NAFTA).

The US has also withdrawn from the Trans-Pacific Partnership (TPP) and the Paris Climate Agreement, which have drawn criticism from other nations and has further impacted the US's standing in the global community.

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Based on the amount Raymond deposited, the amount in the account at the end of 6 years will be $7,964.22.

The account will increase the amount by 8% every year.

In 6 years time, the account would have:

= Initial amount x ( 1 + rate) ^ number of years

= 5,019 x ( 1 + 8%) ⁶

= 7,964.522

= $7,964.52

In conclusion, the account would have $7,964.22.

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Answer:

Explanation:

The peripheral functions of management refer to the additional activities that support the primary functions of planning, organizing, leading, and controlling. These peripheral functions include activities such as communication, decision-making, problem-solving, and coordination. They play a crucial role in ensuring effective management by facilitating information flow, resolving issues, making informed choices, and promoting collaboration among team members. While not the core functions, these peripheral activities are essential for the overall success and efficiency of an organization.

Hope it helps!

Answer:

Correct answer is A, They know how to oversell their product so the customer can't say no. Explanation: Good salespeople are those who sell more and more of their company's product.

Answer:

Some examples of Nonverbal: Facial expressions. The human face is extremely expressive, able to convey countless emotions without saying a word, Body movement and posture, Gestures, Eye contact, Touch, Space, Voice, Pay attention to inconsistencies.

Explanation:

Nonverbal communication refers to gestures, facial expressions, tone of voice, eye contact (or lack thereof), body language, posture, and other ways people can communicate without using language.

Answer: INCOMPLETE QUESTION

Which of the following is an example of effective nonverbal communication?

A. Remaining close to the person's face when relaying a message.

B. Using a chart to point to text and images.

C. Avoiding facial expressions like frowning or nodding.

D. Paying attention to what's going on in the room.

The answer is B for A-P-E-X users.

Answer and Explanation:

The journal entries are shown below:

a. Account payable Dr $108,000

         To note payable $108,000

(Being the issuance of the note is recorded)

b. Note payable Dr $108,000

  Interest expense Dr $540  ($108,000 × 30 days ÷ 360 days × 6%)

               To cash $108,540

(being the note payable and the interest expense is recorded)

It should be noted that a negative externality will take place since the extra cost is levied on the customers.

Also, it should be noted that the increased footprints of traffic could result in a problem for the residents who are around the theater. In this case, the tax of $2 per ticket will be important in reducing traffic. Therefore, it's a positive externality.

Lastly, the government policy that will bring about an efficient outcome will be:

= $5 - $2 = $3.

This is simply the equilibrium point where the market and the social equilibrium meets.

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Answer:

a) Yes

Explanation:

An increase in real terms is when the real percentage increase in rent is a number greater than zero. The real rate is determined by subtracting the inflation rate from the nominal rate of interest.

Inflation refers to an increase in prices in the economy. If prices are increasing by 6 percent,  the inflation rate is also 6 percent.  The nominal rate of interest is the quoted rate. In this case, it is 7 percent.

The real rate of interest will be 7% - 6% = 1%.

Rent is increasing by a real rate of  1 percent per year.

Answer:

Investment in Bowden Inc. (Dr.) $980,000

Cash (Cr.) $980,000

Dividend receivable 94,000 * 40% (Dr.) $37,600

Investment in Bowden (Cr.) $37,600

Cash (Dr.) $37,600

Dividend Receivable (Cr.) $37,600

Investment in Bowden 408,000 *40% (Dr.) $163,200

Income From Bowden (Cr.) $163,200

Investment in Bowden 365,000 * 6/12 * 40% (Dr.) $71,200

Income from Bowden (Cr.) $71,200

Investment in Bowden 365,000 * 6/12 * 10% (Dr.) $17,800

Income from Bowden (Cr.) $17,800

Cash (Dr.) 328,000

Gain on Investment (Cr.) $69,756

Investment in Bowden (Cr.) $258,243

Explanation:

Gain on investment in Bowden :

Investment value $980,000

Total number of shares 74,000

Per share value 980,000 / 74,000 = 13.24

Sold 19,500 shares

Value of shares sold : 19,500 shares * 13.24 per share = $258,243

Sale price for shares = $328,000

Gain on Sale of investment = $69,756

If the Information available for XYZ Inc. The balance sheet for XYZ Inc is Assets $120,000, Liabilities and equity $120,000.

XYZ Inc. Balance Sheet as of March 31, 20XX

Assets:

Cash in hand = $2,000

Cash at bank = $5,000

Machinery = $15,000

Land and buildings = $50,000

Debtors = $48,000

Total Assets = $120,000

Liabilities and Equity:

Creditors = $20,000

Equity capital = $100,000

Total Liabilities and Equity = $120,000

Therefore the balance sheet for XYZ Inc is Assets $120,000, Liabilities and equity $120,000.

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Answer:

Get a job, spend less money and only get things you need. Or you can file for government assistance.

Explanation:

No, because marginal cost is now greater than marginal revenue.

By marginal revenue, what do you mean?

 The additional money made from the sale of one more unit of output is referred to as marginal revenue.

                        The law of diminishing returns dictates that marginal revenue will eventually begin to decline as output level rises, even though it can remain constant above a certain threshold of output.

What makes it marginal?

When something is marginal, it usually means that it has a minor impact and exists outside of a larger system. It has a tendency to minimize the significance of anything considered to be trivial.

So for 1 unit increase in production, the cost has increased by $(27,000 ÷ 2000)

       = $13.5.

But we have marginal revenue which equal price to be $10.

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An obligation of a business that represents the claims of others against the assets of the business are called liability. The correct option is B.

A liability is defined in financial accounting as the future sacrifices of economic benefits that an entity is obligated to make to other entities as a result of past transactions or other past events.

Your company's assets are the items it owns that can provide future economic benefit.

Liabilities are accumulations owed to third party companies. In a nutshell, investments put funds in your pocket, while liabilities take money out!

Liabilities are indeed the legitimate debts owed to third-party creditors by a company. Accounts payable, notes payable, and bank debt are examples.

In order to operate and grow, all businesses must incur liabilities. A company's foundation is stable when its liabilities and equity are properly balanced.

Thus, the correct option is B.

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Your question seems incomplete, the missing options are:

A. asset

B. liability

C. expense

D. revenue

E. equity

Title: Bridging Divides: A Key Stakeholder's Path to Issue Resolution

Blog Post:

In today's increasingly interconnected world, conflicts and disputes have become a common occurrence. As a key stakeholder, it is essential to play a proactive role in settling such issues and fostering harmony. By promoting open dialogue, understanding, and collaboration, we can pave the way for sustainable resolutions that benefit all parties involved.

Firstly, it is crucial to establish a platform for communication and negotiation. This platform should encourage all stakeholders to express their concerns and perspectives openly, creating an environment of trust and respect. By actively listening to each other's viewpoints, we can gain valuable insights into the underlying causes of the issue and identify potential areas of compromise.

Secondly, building bridges requires empathy and a willingness to see beyond our own interests. By considering the needs and aspirations of all stakeholders, we can work towards finding mutually beneficial solutions. This involves exploring creative alternatives and seeking common ground that addresses the core concerns of each party.

Thirdly, fostering collaboration among stakeholders is key to overcoming barriers and finding lasting resolutions. By encouraging joint problem-solving efforts and facilitating partnerships, we can tap into the collective wisdom and resources of diverse groups. Collaboration also enhances ownership of the solutions, increasing the likelihood of successful implementation.

Lastly, it is important to promote ongoing dialogue and learning. Conflict resolution is a dynamic process, and it is essential to continuously assess the effectiveness of implemented solutions. By creating mechanisms for feedback and evaluation, we can refine our approaches and adapt to changing circumstances, ensuring the sustainability of the settlements achieved.

Resolving issues requires a long-term commitment from all stakeholders involved. As a key participant, we have a responsibility to foster an environment of understanding, collaboration, and empathy. By embracing these principles, we can bridge divides and forge a path towards harmonious coexistence and mutual prosperity.

News Report:

Headline: Stakeholder Engagement Drives Successful Resolution of Long-standing Conflict

Date: May 18, 2023

In an inspiring display of diplomacy and cooperation, key stakeholders have come together to settle a long-standing dispute that has plagued our community for years. Their unwavering commitment to dialogue and collaboration has paved the way for a sustainable resolution that promises to benefit all parties involved.

The conflict, which had deep-rooted historical and cultural undertones, threatened to undermine social cohesion and impede progress. However, through the proactive efforts of key stakeholders, a platform for open communication and negotiation was established, providing a safe space for all voices to be heard.

Emphasizing the importance of empathy and understanding, stakeholders actively listened to one another's concerns and perspectives. This empathetic approach enabled them to uncover the underlying causes of the issue and identify potential areas of compromise. By seeking common ground and exploring creative alternatives, they forged a path towards mutually beneficial solutions.

Central to this successful resolution was the fostering of collaboration among stakeholders. Recognizing the power of collective wisdom and resources, they engaged in joint problem-solving efforts and formed partnerships. This collaborative approach not only facilitated the identification of innovative solutions but also fostered a sense of ownership and commitment among all parties.

However, the settlement process did not end with the signing of agreements. The stakeholders have shown a steadfast commitment to ongoing dialogue and learning. They have implemented mechanisms for feedback and evaluation, allowing for continuous refinement and adaptation of the agreed-upon solutions.

As the community celebrates this milestone, it serves as a shining example of what can be achieved when key stakeholders embrace the principles of understanding, collaboration, and empathy. By bridging divides and forging a path towards harmonious coexistence, they have laid the foundation for a brighter, more prosperous future.

In conclusion, resolving complex issues requires the collective effort of key stakeholders who are willing to transcend differences and work towards a common goal. It is through their commitment to open

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Evaluating operations by comparing actual results to budgeted results is a part of the controlling responsibility of management.

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On each of the four days, the plumber will install 300 sinks over the next four days.

Work means that a person does regularly to earn a living for job seekers.

Workload management is a deliberate practice of successfully distributing work across the group.

It allows project managers to match employees for future work, so performance and productivity levels are never compromised.

20% of all sinks the plumber will be completed in four days, therefore to distribute the task evenly, we have to calculate 20% of 6,000 which is 1200 which has to be distributed evenly in the next four days.

300 Sinks will be completed by the plumber each in the next four days to install 20% of all sinks.

Thus,300 Sinks will be completed by the plumber each in the next four days.

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Explanation:

65 per cent of investors think that his re-election would be the best outcome for financial markets.

“Usually when a president wins re-election, it means the economy is going pretty strong, so stocks tend to do well. The flip side is that new leadership in Washington can bring with it potential change that could rock the boat and hold stocks back.”

If Dale teaches Terrence's daughter to play the guitar in exchange for Terrence tiling Dale's kitchen floor Option B.  both Dale and Terrence are made better off by trade.

In this scenario, Dale is a guitar teacher and Terrence is a tile layer. Dale teaches Terrence's daughter how to play the guitar in return for Terrence tiling Dale's kitchen floor. It is a classic example of trade and bartering. Dale, the guitar teacher, would have had to pay for tile installation if he hadn't bartered with Terrence, the tile layer. Terrence, on the other hand, would have had to pay for guitar lessons if he hadn't traded with Dale.

Both Dale and Terrence, therefore, benefit from the trade, and they are both better off as a result. Because Dale receives tile installation in exchange for teaching guitar lessons, and Terrence receives guitar lessons in exchange for tile installation, both benefit.

In conclusion, the answer is (b) both Dale and Terrence are made better off by trade. When both parties are better off after a trade, it is known as a mutually beneficial trade. Trade, in general, promotes mutual gains by allowing people to concentrate on what they do best and exchange their output with others for goods and services that they desire. Therefore, the correct option is B.

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