The relationship between relative prices of inputs used to produce goods and those of the goods are inversely related. As per the Heckscher-Ohlin theory, relative factor endowments determine the relative prices of inputs. Relative prices of inputs determine the pattern of international trade.
a) The relationship between relative prices of inputs used to produce goods and those of the goods are inversely related. As per the Heckscher-Ohlin theory, relative factor endowments determine the relative prices of inputs. Relative prices of inputs determine the pattern of international trade. By observing the prices of goods, one can determine the relative factor intensities of the industries.
b) Factor intensity is the quantity of one factor required per unit of output in comparison to the quantity of another factor required. Factor intensity depends on the relative prices of factors of production. Good X is labor-intensive when it requires a greater quantity of labor than capital per unit of output as compared to good Y. The shift of relative factor prices can alter the factor intensity relationship between goods. If the price of labor increases relative to the price of capital, then the relative factor intensity of good X would increase as compared to good Y.
c) It is not necessary that the relationship between relative factor intensities of two goods in one nation has to be the same in another nation. The different factor endowments and prices in different countries lead to differences in relative factor intensities of goods. Thus, it is not essential that good X is labor-intensive in all nations, or good Y is capital-intensive in all nations.
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Krishna is 56 years old; he has contributed to the CPP without interruption for over 30 years. While crossing the street, Krishna was struck by a bus and seriously injured. He is currently hospitalized and on life support and his doctors have informed Krishna's family that it is uncertain as to whether he will awaken from his coma. Assuming at the time of his accident, Krishna was entitled to a CPP retirement benefit of $660, the flat-rate disability amount is $496.36 per month and the maximum monthly disability benefit is $1362.30, how much of a disability benefit will Krishna receive under the CPP? a) 50 b) $865.94 C) $991.36 d) $1156.36
Option(A) is the correct answer. Krishna will receive a disability benefit of $660 under the CPP.
To determine the disability benefit that Krishna will receive under the CPP, we need to consider a few factors. First, let's calculate the disability benefit based on the provided information:
The flat-rate disability amount is $496.36 per month.
The maximum monthly disability benefit is $1362.30.
Krishna's entitlement to a CPP retirement benefit is $660 per month.
To calculate the disability benefit, we compare the retirement benefit to the flat-rate disability amount and the maximum monthly disability benefit:
The disability benefit will be the lesser of:
The retirement benefit ($660)The flat-rate disability amount ($496.36) plus the retirement benefit minus the flat-rate disability amount.Let's calculate the disability benefit based on the above formula:
Disability benefit = min(retirement benefit, flat-rate disability amount + retirement benefit - flat-rate disability amount)
= min($660, $496.36 + $660 - $496.36)
= min($660, $660)
= $660
Therefore, Krishna will receive a disability benefit of $660 under the CPP.
Option (a) 50, option (b) $865.94, option (c) $991.36, and option (d) $1156.36 are not correct based on the given information. The correct answer is that Krishna will receive a disability benefit of $660 under the CPP.
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Krishna is 56 years old; he has contributed to the CPP without interruption for over 30 years. While crossing the street, Krishna was struck by a bus and seriously injured. He is currently hospitalized and on life support and his doctors have informed Krishna's family that it is uncertain as to whether he will awaken from his coma. Assuming at the time of his accident, Krishna was entitled to a CPP retirement benefit of $660, the flat-rate disability amount is $496.36 per month and the maximum monthly disability benefit is $1362.30, how much of a disability benefit will Krishna receive under the CPP? a) $660 b) $865.94 C) $991.36 d) $1156.36
Max weber used the term ________ to describe middle managers whose job was to implement the orders of top management
Max weber used the term Bureaucrats to describe middle managers whose job was to implement the orders of top management.
A bureaucracy is a complex organization with multilayered processes and procedures. Decision-making is slowed down by systems and procedures that are properly executed. They are designed to maintain control and uniformity inside the organization.
Bureaucrats are those officials who work inside a complex administrative framework. You can label someone a bureaucrat if you don't like them because you believe they adhere to the rules and procedures too strictly.
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Pastina Company sells various types of pasta to grocery chains as private label brands. The company's reporting year-end is December 31. The unadjusted trial balance as of December 31, 2021, appears below.
Account Title Debits Credits
Cash35,500
Accounts receivable43,000
Supplies3,000 Inventory63,000
Notes receivable23,000
Interest receivable0
Prepaid rent2,500
Prepaid insurance9,000
Office equipment92,000
Accumulated depreciation 34,500
Accounts payable 34,000
Salaries payable 0
Notes payable 53,000
Interest payable 0
Deferred sales revenue 3,500
Common stock 81,000
Retained earnings 36,000
Dividends7,000
Sales revenue 161,000
Interest revenue 0
Cost of goods sold85,000
Salaries expense20,400
Rent expense12,500
Depreciation expense0
Interest expense0
Supplies expense2,600
Insurance expense0
Advertising expense4,500
Totals 358,600 358,600 Information necessary to prepare the year-end adjusting entries appears below.1. Depreciation on the office equipment for the year is $10,300.2. Employee salaries are paid twice a month, on the 22nd for salaries earned from the 1st through the 15th, and on the 7th of the following month for salaries earned from the 16th through the end of the month. Salaries earned from December 16 through December 31, 2021, were $900.3. On October 1, 2021, Pastina borrowed $50,600 from a local bank and signed a note. The note requires interest to be paid annually on September 30 at 12%. The principal is due in 10 years.4. On March 1, 2021, the company lent a supplier $20,600 and a note was signed requiring principal and interest at 8% to be paid on February 28, 2022.5. On April 1, 2021, the company paid an insurance company $6,600 for a one-year fire insurance policy. The entire $6,600 was debited to prepaid insurance.6. $560 of supplies remained on hand at December 31, 2021.7. A customer paid Pastina $2,300 in December for 900 pounds of spaghetti to be delivered in January 2022. Pastina credited deferred sales revenue.8. On December 1, 2021, $1,200 rent was paid to the owner of the building. The payment represented rent for December 2021 and January 2022 at $600 per month. The entire amount was debited to prepaid rent.Prepare closing entries.
The necessary December 31, 2021, adjusting journal entries are: Debit Depreciation expenses $10,300, Credit Accumulated depreciation $10,300.
Journal entriesPastina Company Adjusting entries
Debit Depreciation expenses $10,300
Credit Accumulated depreciation $10,300
Debit Wages expense $900
Credit Wages payable $900
Debit Interest expense $1,518
($50,600 × 12% × 3/12)
Credit Interest payable $1,518
Debit Interest receivable $1,373
($20,600 × 8% × 10/12)
Credit Interest revenue
Debit Prepaid insurance $4,125
($6,600 × 15/24)
Credit Insurance expense $4,125
Debit Supplies expense $340
($900 − $560)
Credit Supplies $340
Debit Sales revenue $2,300
Credit Unearned revenue $2,300
Debit Rent expense $600
Credit Prepaid rent $600
Therefore the necessary December 31, 2021, adjusting journal entries are: Debit Depreciation expenses $10,300, Credit Accumulated depreciation $10,300.
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In the extended aggregate demand-aggregate supply model:
- long-run equilibrium occurs at the intersection of the aggregate demand curve, the short-run aggregate supply curve, and the long run aggregate supply.
- the price level is the same regardless of the location of the aggregate demand curve.
- long-run equilibrium occurs wherever the aggregate demand curve intersects the short-run aggregate supply curve.
- the long-run aggregate supply curve is horizontal.
In the extended aggregate demand-aggregate supply (AD-AS) model, long-run equilibrium occurs at the intersection of the aggregate demand curve (AD), the short-run aggregate supply curve (SRAS), and the long-run aggregate supply curve (LRAS).
This is because long-run equilibrium represents a state where there are no persistent imbalances in the economy. However, the statement that the price level is the same regardless of the location of the aggregate demand curve is incorrect. In the AD-AS model, the price level is determined by the intersection of the aggregate demand curve and the short-run aggregate supply curve. Different levels of aggregate demand can result in different price levels, and a shift in the aggregate demand curve can lead to changes in the price level.
Moreover, the long-run aggregate supply curve in the extended AD-AS model is typically depicted as vertical, not horizontal. This indicates that in the long run, changes in aggregate demand do not affect the overall level of output in the economy, only the price level. The LRAS curve represents the economy's potential output when all resources are fully utilized.
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Type the correct answer in the box. Use numerals instead of words. If necessary, use / for the fraction bar.
What is the closing balance of the accumulated depreciation account?
Accumulated Depreciation Account
Date Item $ Date Item $
Jan 1, 2012 Balance b/f 1,000
Dec 31, 2012 Depreciation Account 2,000
3,000 3,000
The closing balance of the Accumulated depreciation account is $
ANSWERRR IS 3000
You have examined photographs of Hoovervilles in different states. What do they show about life in Hoovervilles all across the country?In one or two sentences, explain what the photographs say about how people adjusted to Hooverville life.
Hooverville residents did the best they could under difficult circumstances. Hooverville residents formed their own communities and learned to fend for themselves. Hooverville residents tried to make their towns and lives as normal as possible.
Life in the Hoovervilles became pretty tough and those tried their first-class to get via as they may.
Life in Hoovervilles usually shared certain characteristics which include.
A resident dwelling in unsanitary situations
citizens being pressured to beg or depend upon charity for food
Hoovervilles have been created in the course of the top notch depression as thousands and thousands of human beings misplaced their jobs and have become too terrible to have enough money right housing. As a end result, they created ghettos where they could live on temporarily.
Living in these ghettos become difficult due to the fact:
situations were unsanitary - the housing was now not constructed as much as the proper wellknown and sewage systems were missing. This caused very unsanitary conditions and caused disorder.
food became scarce - the ones living within the ghetto have been normally unemployed and could not come up with the money for meals so they needed to beg for it from other people in addition to approach charitable businesses.
life is the belongings that distinguishes count with and with out biological tactics, such as signaling and self-sustaining methods, and is described by way of its ability for boom, response to stimuli, metabolism, electricity conversion, and duplicate.
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Rick is thinking about starting his own business. The start-up costs he has identified include $12,000 to lease the office, $25,000 for inventory, and $30,000 for the first year’s payroll. For the first year, he projects that he would make a slight profit of $3,250. Would it be better to use the money to open the business or to invest the money in a savings bond with a first year return of 5.99%?
Add up your costs and expenditures. Include one-time charges and the cost of business resources coupled with a short period of regular business costs as your first step in analyzing your start-up costs.
How to Calculate Startup Costs?
Making a financial projection of the company, covering all expenses before to the company's opening and continuing until a profit is realized, is required to determine start-up costs. Make a list of all the start-up assets you will need to buy for your business, including equipment, computers, automobiles, and merchandise.
Set your goals and milestones in the first step. The first step in figuring out initial costs is to start with the end in mind.Construct a financial road map Your next step is to develop a financial roadmap after examining your objectives.Start considering funding in Step 3...Set funding objectives in Step 4...Use funding to balance milestones in Step 5...To learn more about Startup Costs refer to:
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Sam is carrying a balance on his credit card of $500. The credit limit on the card is $1,500. What is his utilization rate?
The utilization rate of Sam that carrying a balance on his credit card of $500, that having a limit of $1,500, is 33%.
What is credit card?Credit card is a plastic card that is used for withdrawing the excess amount from the bank account. This card is generally issued by the banks to their customers.
Sam's credit card use rate is 33 percent because he has a $500 load on his card with a $1,500 limit.
Therefore, the utilization rate is 33%.
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I NEED THIS RIGHT NOW
Which of the following is NOT true about message sensitivity options?
Recipients of messages do not have to respect your requests for privacy.
Messages can be marked private.
Not all email services provide options for email sensitivity.
Messages marked as private or confidential cannot be shared with others.
(It's not c)
Answer:
a.recipients of messages do not have to respect your requests for privacy
when you are reading and come to an unknown word what should you do first? a.look for clues in the text b. skip it and keep reading c.look it up in a dictnoiry d.ask the teacher what it means. make sure to have an explanation
Answer:
I sound it out
Explanation:
and the word is conjunction
what is the impact of atm on banking sector?
Answer:
Explanation:
ATM s are of great use to the banks as the reduce the number of people storming the banks for withdrawal of money as well as deposit of money it reduces cost of operation and from customer point of view it is available easily near by hence travelling further distance to the bank is not required
ATMs are one of the most convenient services provided by the banks to customers. It is beneficial to banks as it is to its customers. It helps banks to save cost and time in withdrawing money and various other services which are now provided by ATM.
Automated teller machines, or ATMs as they are more commonly referred to, are a convenient way to conduct one-on-one transactions quickly and easily. One can do self-serviced transactions with these machines without a physical teller's aid or a trip to the bank branch. Cash withdrawals, cash deposits, and fund transfers are just a few of the many transactions possible with automated teller machines, or ATMs. Although the majority of customers only use ATMs to withdraw cash, these additional transactions make the service more effective.
With the advent of the ATM, users' financial lives became simpler because they could now perform simple transactions on their own with the aid of an ATM, which was much more practical than often visiting the bank. The ability for users to transact between banks is another significant advantage of an ATM. This means you can still use basic services like cash withdrawals from the ATM even if you don't have an account with the bank that runs the machine. Again, this saves you time and comes in handy in an emergency because you won't need to go to the ATM at your bank every time you need a quick infusion of cash. ATM helps banks operate more cheaply by lowering the number of human operations. The ATM provides service 24 hours a day which means customers can avail of money and other services at any time of the day.
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While overall labor union membership has been declining over the last few decades, which type of workers has the highest percentage of union membership
The workers that have the highest percentage of union memberships are those in
educationtraininglibrary occupationsWhat is a labor union?This is a term that is used to refer to the labor unions that are formed in order to represent the workers that are in a country.
The unions are known to represent workers in terms of benefits, wages and labor hours.
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identify what accounting is by selecting the correct statement. multiple choice question. accounting information is primarily used only at the end of a year when tax returns and financial statements are prepared. accounting is a system that identifies, records and communicates financial information. accounting information impacts internal users only.
The best alternative that accurately conveys the significance of accounting is "Accounting is a system that identifies, records, and transmits financial information."
The best way to define accounting is as the process of keeping financial records in accordance with the laws. Accounting is used to evaluate the figures and facts that are relevant to the organisation and to portray its financial position. Its breadth has grown in almost every commercial company. Accountants' labour is the foundation of today's financial markets. Business executives would lack the transparency they require to manage risks or plan initiatives without accounting, and investors would be unable to rely on up-to-date, accurate financial data.
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A supply partnership refers to Multiple Choice an arrangement a manufacturer makes with a reseller to handle only its products and not those of competitors. a supplier that requires a buyer purchasing some products from it to also buy others. the illegal practice of refusing to purchase a seller's products unless the seller agrees not to purchase that product or any similar products from any other buyer. a relationship that exists when a buyer and its supplier adopt mutually beneficial objectives, policies, and procedures for the purpose of lowering the cost of or increasing the value of products and services delivered to the ultimate consumer. the practice whereby a seller requires the purchaser of one product to also buy another item in the line.
Answer:
a relationship that exists when a buyer and its supplier adopt mutually beneficial objectives, policies, and procedures for the purpose of lowering the cost of or increasing the value of products and services delivered to the ultimate consumer.
Explanation:
Supply chain management can be defined as the effective and efficient management of the flow of goods and services as well as all of the production processes involved in the transformation of raw materials into finished products that meet the insatiable want and need of the consumers.
Generally, the supply chain management involves all the activities associated with planning, execution and supply of finished goods and services to the consumers.
The fundamental principle on which supply chain management is based, is the complete collaboration between multiple firms. These multiple firms include a company that is saddled with the responsibility of manufacturing producer), a wholesaler, and a retailer who typically sells the products to the customers or consumers.
Basically, these three (3) firms or individuals are required to collaborate with each other so as to meet the needs of the customers in a timely manner or fashion and at a fair price too.
A supply partnership refers to a relationship that exists when a buyer and its supplier adopt mutually beneficial objectives, policies, and procedures for the purpose of lowering the cost of or increasing the value of products and services delivered to the ultimate consumer.
Hence, to select a potential supplier-partner, the buyer should consider both hard and soft factors with an eye toward long-term outcomes. The hard factors comprises of equipment, product, technology, and raw materials used in the manufacturing process while the soft factors are work methods, organizational style and structure, labor or workforce, organizational procedures and policies.
If you see the letters "wh” on your paycheck, what do they stand for?
explain aspects that must be considered when starting or setting a business venture
I really want to do my own business to help people
learning specific facts about another cultural group sich as it s
Learning about a culture's traditions, customs, language, and history helps foster positive intercultural interactions.
When individuals take the time to learn specific facts about another cultural group, it allows for a deeper understanding and appreciation of that culture. It involves acquiring knowledge about various aspects, including traditions, customs, language, history, and values. By gaining this knowledge, individuals can develop a more nuanced perspective and avoid stereotyping or making assumptions about the cultural group.
Learning specific facts about another cultural group helps to bridge gaps and foster positive intercultural interactions. It encourages individuals to engage in meaningful conversations, ask questions, and seek authentic information from reliable sources.
Moreover, understanding specific facts about another culture promotes cultural sensitivity and avoids potential misunderstandings or offensive behavior. It enables individuals to navigate diverse cultural contexts with greater awareness, adaptability, and appreciation for cultural differences. By learning specific facts, individuals can build connections, celebrate diversity, and contribute to a more inclusive and culturally diverse society.
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If 1-year interest rates for the next three years, starting with this year, are expected to be 1, 1, and 1 percent, and the 2-year and the 3-year term premiums are 0. 5 and 1 percent, respectively, than the 3-year bond rate will be.
It can be deduced that the current interest rate on the 3 year bond is 1.5%
How to calculate the interest rateIt can be deduced that the interest rates for the next three years have been given.
Also, according to the given expected path, the interest rate on the premium is given.
Therefore, the current interest rate on the 3 year bond will be:
= 1 + 0.5
= 1.5%
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The protection of children’s education rights from excessive work time was guaranteed by the...
a.
The Rehabilitation Act
b.
The Fair Labor Standards Act
c.
The Age Discrimination Act
d.
The Equal Pay Act
Answer:
B
Explanation:
The protection of children's education rights from excessive work time was guaranteed by the The Fair Labor Standards Act (FLSA). The FLSA is the Federal law which sets minimum wage, overtime, recordkeeping, and youth employment standards.
Answer:
ITS B:))))
Explanation:
interview any business owner on impact of crime
Answer:
Businesses that had been affected by crime were found to be 17 to 22 percent less likely to increase employment. Almost half the businesses said that fear of crime among their clients or customers had had a negative impact on their businesses. This figure was particularly high in townships and inner city locations.
Explanation:
I hope this helps you sorry if it doesn’t
Dirk required surgery for a kidney impairment. His total bill for medical services was $50,000. Dirk has a medical expense policy with a $1,000 calendar-year deductible and a $5,000 annual out-of-pocket limit. His coinsurance percentage is 20 percent. The out-of-pocket limit applies to coinsurance only. Assuming this surgery and hospitalization were the first medical care that Dirk received during the year and that all of the hospital services were eligible for coverage under the policy, how much of the $50,000 bill will the insurer pay
Answer:
$44,000
Explanation:
Calculation to determine how much of the $50,000 bill will the insurer pay
Total bill for medical services $50,000
Less medical expense policy calendar-year deductible ($1,000)
Less annual out-of-pocket limit $5,000
Bill payment $44,000
($50,000-$1,000-$5,000)
Therefore how much of the $50,000 bill will the insurer pay is $44,000
how do you get started investing in the stock market
For beginners in particular, the Indian Stock Market is a fantastic place to begin investing. For those looking to enter the market without worrying about the specifics of buying and selling stocks, it presents a fantastic opportunity.
Over the long term, Stock Market have the highest potential for growth (capital appreciation) for investors. Investors who have chosen to hold onto stocks for an extended period of time—say let's 15 years—have typically been rewarded with robust, profitable returns. Savings accounts have the potential to yield much higher returns than investing, but this advantage comes with risk, particularly over shorter time periods.
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In order for a check to be legal tender it must be?
O Authorized
O Certified
Signed
O Processed
Answer:
certified signed
Explanation:
that signature come from police
Answer:
certified signed
Explanation:
The check only have power or in other words legit when only have the certification from the bank or the treasury.
Alex owns an event management company. His customer service strategy should focus on valuing customers for the growth of the company.
Answer:
The correct answer is: "D. Both external and internal".
Explanation:
The only possible answer to fill in the space is letter D because it is reasonable to think that a company should focus both on external and internal values for customers in order to make it grow for both parts. As it is an event management company, it is very important to highlight the external demands and how they come and go with clients, agencies, and subsidiaries, while the company must take care of their internal customers who are more responsible for maintaining their strategy going on properly.
How does industrial education affect industries?
Answer:
Industrial education will help student to know and understand industry demand. ... First, adaptability is a skill will help students to know and understand industry work and world, such as how to use technology, follow all industry SOP, all new chalanges industry, etc. Second, communication is an important skills to had.
Review the statements below to determine the correct definition of a credit memorandum.
A. The bank notifies the depositor of each deduction to the account with a credit memorandum.
B. The bank notifies the depositor of each increase to the account with a credit memorandum.
C. Whenever the balance in the account becomes overdrawn, the bank issues a credit memorandum.
D. Whenever a check is drawn against the account, the bank issues a credit memorandum.
Answer:
Review the statements below to determine the correct definition of a credit memorandum.
A. The bank notifies the depositor of each deduction to the account with a credit memorandum.
xXxAnimexXx
Happy Labor day!
Write the names of sender and receiver of quotation letter in foreign trade.
Answer:
Wydm
Explanation:
Why would a health insurance company charge a higher premium to a tobacco user?
Tobacco use is a voluntary behavior.
Without higher premium prices for tobacco users, nonusers end up paying for users' claims.
Tobacco use causes significant health issues.
Using tobacco products is very expensive.
Tobacco users are at a higher risk of failing to pay their premiums on time.
Answer:
Tobacco use causes significant health issues.
Explanation:
When insurance coverage commences, the insurance company assumes all the risks associated with the insurance policy issued. For medical insurance, the insurance company will cater to the insured medical bills should the need arise. For this reason, insurance firms evaluate different risk parameters when deciding on the premiums to charge for insurance coverage.
Tobacco is known to cause health issues in smokers. Tobacco smokers are more likely to develop health complications at some point in their life. They present a higher risk for insurance companies. Insurance companies will charge them higher premiums to cover the increased risk caused by smoking tobacco.
Answer:
a, b, c
Explanation:
Is it better to have your interest compounded annually, quarterly, or daily? Why?
(10 points: 5 for the correct answer, and 5 for the explanation)
Answer:
It would be better to have it daily so you can keep an everyday record.
Explanation:
In a given town, demand for fish is given by P = 4726 - 13 * Q, where P and Q are fish price and fish quantity (in tons) demanded. What is Consumer Surplus if the one tone of fish price is $1232?
The Consumer Surplus when the price of one ton of fish is $1232 is $469,197.
In the given town, the demand for fish is given by P = 4726 - 13 * Q. To find the Consumer Surplus when the price of one ton of fish is $1232, follow these steps:
1. Find the quantity demanded at the given price: 1232 = 4726 - 13 * Q
2. Rearrange the equation to solve for Q: Q = (4726 - 1232) / 13
3. Calculate the quantity: Q = 3494 / 13 = 269 tons
4. Calculate the area of the triangle representing Consumer Surplus, which is (1/2) * base * height. The base is the quantity demanded (269 tons) and the height is the difference between the maximum price consumers are willing to pay (4726) and the actual price (1232).
5. Calculate Consumer Surplus: (1/2) * 269 * (4726 - 1232) = 469197
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