By considering the Economic Order Quantity (EOQ), sales price, cost of goods sold, and the discounted sales price, we can optimize the order quantity for the current season and maximize the retailer's profit.
To determine the order quantity for the current season that maximizes the retailer's profit, we need to consider the trade-off between the cost of holding inventory and potential lost sales due to stockouts.
The Economic Order Quantity (EOQ) formula can help us calculate the optimal order quantity. The formula is:
EOQ = √((2DS)/H)
Where:
D = Demand per period
S = Ordering cost per order
H = Holding cost per unit per period
In this case, the demand (D) for Walmart's Juice follows a normal distribution with a mean of 60,000 bottles and a standard deviation of 10,000 bottles.
However, since we are maximizing profit, we need to consider the different scenarios based on the demand distribution. We can calculate the expected profit for different order quantities and choose the one that maximizes profit.
Let's assume that the ordering cost per order (S) and the holding cost per unit per period (H) are known. We can plug in the values and calculate the EOQ.
Once we have the EOQ, we can adjust the order quantity based on factors such as the sales price, cost of goods sold, and the discounted sales price when nearing expiration dates.
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Fill the Blank ? if a residual is negative, then that data point lies _________________ the regression line.
If a residual is negative, then that data point lies below the regression line.
In linear regression, residuals are the differences between the actual values and the predicted values of the response variable. A residual can be either positive or negative, depending on whether the actual value is greater or smaller than the predicted value. If a residual is negative, then the actual value is below the regression line, and if it is positive, then the actual value is above the regression line.
A negative residual indicates that the model underestimates the actual value, which means that the data point lies below the regression line. Understanding residuals is essential to assess the accuracy of the regression model and identify any outliers or influential data points that may affect the model's performance.
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HELPP! In 2011 the United States economy had a GDP of $14,991 billion according to the United Nations. If consumption was $10,729 billion, government spending was $2,594 billion, and net exports was -$568 billion, how much was investment spending?
The total amount of the investment spending is $2,236 billion.
What is an investment spending?An investment spending means the private domestic investment or capital expenditures.
The formula for Investment spending is I = GDP − C − G − NX.
Investment spending = $14,991 billion - $10,729 billion - $2,594 billion - (-$568 billion)
Investment spending = $14,991 billion - $10,729 billion - $2,594 billion + $568 billion
Investment spending = $2,236 billion.
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As a sales executive at a large corporation, sonya earns____for every big sale she makes. jessica, who works full time in the company’s finance department as an accountant, earns____.
As a sales executive at a large corporation, sonya earns commissions for every big sale she makes. jessica, who works full time in the company’s finance department as an accountant, earns fixed salary.
What is a commission?a payment made to a representative or employee in exchange for doing business on their behalf or rendering a service. Particularly: a portion of the funds received from the overall amount paid to the agent in charge of the business. For each automobile he sells, a commission is given to him. 7.: the act of giving someone authority.
What is a fixed salary?
Basic monthly wage with fixed monthly allowances equals a fixed monthly salary. Basic monthly salary: This is a fixed payment that does not change from month to month, regardless of the performance of the employee or the business, or whether the employee takes a leave of absence for a personal or medical reason.
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The __________ of a resource measures the percentage of __________ units that are processed at this resource.
The utilization rate of a resource measures the percentage of processed units that are processed at this resource.
The utilization rate is a key metric used to assess the efficiency of a resource. It indicates how effectively the resource is being utilized to complete tasks or produce goods.
To calculate the utilization rate, you need to know the total number of units processed at the resource and the maximum capacity or production rate of the resource.
For example, let's consider a factory that has a maximum capacity of producing 100 units per hour. If the factory processed 80 units in an hour, the utilization rate would be calculated as follows:
Utilization Rate = (Number of units processed / Maximum capacity) x 100%
Utilization Rate = (80 units / 100 units) x 100%
Utilization Rate = 80%
In this case, the utilization rate is 80%, indicating that 80% of the resource's capacity is being used. A higher utilization rate suggests that the resource is being utilized efficiently, while a lower utilization rate may indicate underutilization or inefficiencies in the resource's utilization.
It is important to measure and monitor the utilization rate to identify potential bottlenecks or areas for improvement in resource allocation and process efficiency. By optimizing the utilization rate, organizations can enhance productivity and reduce costs.
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What does an exchange rate tell you?
A. How many products have been exchanged between two different countries
B. The number of people in one country in comparison to another country
C. How much one unit of currency is worth when converted to another currency
D. The speed that people are buying a specific type of product
Answer:
C. How much one unit of currency is worth when converted to another currency
It tells you: C. How much one unit of currency is worth when converted to another currency.
1. Personal Characteristics Jack Ma possess (In accordance with the discussion in
the lesson, give at least three.)
2. Key takeaways you've got from him. (Use your own words, give at least three)
3. In your own words, explain how Jack Ma thinks compared to typical individual
Answer:
knock knock.................................
Steve has worked 36 hours this week at $10/hour. On his last shift of the week he clocks in at 8:05 am and takes his lunch at 11:53. He comes back from lunch at 12:35 and clocks out at 4:56. How much will Steve's Gross Pay be?
Answer:
$441.5
Explanation:
Hours already worked = 36 hours
Rate = $10 / day
Number of hours worked on last shift :
8:05 - 11:53 = 3 hours 48 minutes
12:35 - 4:56 = about 4 hours 21 minutes
Total hours (3 hours 48) + (4 hours 21 minutes). = 8 hours 9 minutes
Hence, total hours worked that week :
36 hours + 8hours 9 minutes
44 hours 9 minutes
Rate = $10 / hour
(44*$10) + (9/60 * $10)
$440 + $1.5
Gross pay = $441.5
Many U.S. business leaders argue that the current state of U.S. net exports is the result of
a. U.S. export subsidies.
b. free trade policies of foreign governments.
c. unproductive U.S. workers.
d. unfair foreign competition.
Many U.S. business leaders argue that the current state of U.S. net exports is the result of unfair foreign competition. The appropriate response is option D.
What is net exports?The difference between a country's total value of exports and its total value of imports is known as net export. An essential factor in determining an economy's gross domestic product is net export.
In an open economy, it is a way of calculating the total expenditures or GDP of a nation. A country's exports are often more competitive on international markets when its currency is weak, which promotes positive net exports.
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The number one reason risk pooling is valuable to the insurance industry is... A. It allows companies to charge the same premium to all members of the pool. B. It brings together many individuals' premiums so that there is money to cover the select few with losses. C. It makes insurance coverage available to everyone, even those who are unable to make their payments. D. It is subsidized by the federal government.
The reason for risk pooling which is beneficial for the insurance industry is best described as it brings together many individuals' premiums so that there is money to cover a selected few losses.
Option B is the correct answer.
Who is a policyholder?The policyholder is an individual who takes an insurance policy from an insurance company. He pays insurance premiums against their respective policies.
The insurance contract is an agreement between the individuals and insurance company to indemnify them at the happening of the specified event and individuals also agreed to pay the insurance premiums on time. The risk pooling allows the insurance company to get insured many people against a small amount of money called an insurance premium.
Therefore, risk pooling is valuable for the insurance company in respect of the insurance policies.
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Price controls are sometimes used when the natural operation of free markets leads to: positive externalities. undesirable outcomes. an efficient distribution of goods. a trade deficit.
When a price controls are used, the natural operation of free markets leads to positive externalities.
What is a positive externalities?This refers to a condition that exists when the production and consumption of a good or service benefits a third party not directly involved in the market transaction.
Therefore, the Option A is correct.
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Price controls are sometimes used when the natural operation of free markets leads to undesirable outcomes. Option B. This is further explained below.
What are Price controls?Generally, Price control is simply defined as a government rule setting a maximum price for specific commodities and services.
In conclusion, Occasionally, price restrictions are implemented when the normal functioning of free markets results in unwanted consequences.
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the data below represent the demand for a new aftershave in a shop for each of the last 7 months.
Month 1 2 3 4 5 6 7
Demand 25 27 30 40 41 43 45
a.Calculate a two-month moving average for months two to seven. What would be your forecast for the demand in month eight?
b.Apply exponential smoothing with a smoothing constant of 0.1 to derive a forecast for the demand in month eight.
c.Which of the two forecasts for month eight do you prefer and why?
To calculate the two-month moving average, we add the demand values for months two to seven and divide the sum by 6 (number of months). The calculation is as follows:
(27 + 30 + 40 + 41 + 43 + 45) / 6 = 226 / 6 = 37.67
Therefore, the forecast for the demand in month eight using the two-month moving average is approximately 37.67.
To apply exponential smoothing with a smoothing constant of 0.1, we start with the demand value of month seven as the initial forecast. The calculation is as follows:
Forecast for month eight = Smoothing constant * (Demand for month seven) + (1 - Smoothing constant) * (Previous forecast)
Forecast for month eight = 0.1 * 45 + 0.9 * 45 = 4.5 + 40.5 = 45
Therefore, the forecast for the demand in month eight using exponential smoothing is 45.
In this case, both forecasts for month eight are identical. Both the two-month moving average and exponential smoothing methods yield a forecast of 45. Therefore, there is no preference between the two forecasts as they provide the same result.
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The _____ is a production period long enough for the firm to adjust the
quantities of all its ________, including capital.
Answer:
long run, productive resources
armond earned $10,000 of profit from a sole proprietorship in 2022. if he also has $150,000 of salary income, how much self-employment tax will he owe?
Self-employment tax is only 2.9% of 92.35% if he also has $150,000 of salary income.
What is the best way to define employment?The state of holding a paid job—of being employed—is most commonly referred to as employment. To hire someone is to compensate them for their labor. Employees are given jobs by employers. The term "employment" can also refer to the action of hiring someone, as in We're trying to hire more women.
What does employment serve as?A report used for hiring, promoting, reassigning, or keeping a person on staff is referred to as one used for employment purposes. Employment purposes include determining whether a person should be hired, promoted, demoted, reassigned, given a pay raise, or kept on as an employee.
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Alex Matteo is a former partner of a professional accounting firm who values education. Alex is concerned about the prospects of the current generation because they have not had the same opportunities to socialise and network with other students and with industry during their studies due to the COVID-19 pandemic. Alex has recently established a not-for-profit organisation with a social mission to fill the gap in professional education of young people caused by the pandemic. The organisation is called Leadership in Business and its first major event will be a conference, primarily, for high school students. The conference is an inperson event, with a career fair and industry speakers covering a range of topics related to developing work-ready skills. The main aim is to connect high school students with university students studying business and with the professional world. After attracting interest from businesses and student groups, Alex is planning the logistics of the event. The event will be held on a Saturday and Sunday from 10am to 5pm. The venue will only allow 300 attendees per day. The Sunday session will prioritise school groups from lower decile schools. Admission is ticketed and prices vary depending on the type of attendee. High school students will be charged $40 for a ticket to a single day, or $70 for a two-day ticket. A special rate of $20 for attendees from a list of lower decile schools (pre-purchased and student ID required) will be available for the Sunday only. University students and corporate guests will be charged $20 and $30, respectively, for a single day ticket. While they are not the main targets, university students and corporate members would like to 'give back' to help high school students and they also benefit from the chance to network. Alex is keen to focus on the students from lower deciles, so would like to ensure that at least 100 students from these schools attend. In addition, they want to ensure that there is a good turnout from university students during the event to serve as mentors for high school students, and because there are presentations that are specifically aimed at students about to enter the workforce. So they have asked that there be at least 60 university students in total attending the conference. Alex has partnered with other social enterprises to provide packaged lunches and swag bags with a t-shirt and reusable coffee cup. The net cost of the lunches, after donations from other social enterprises, will be $15 per lunch and the total available for the event will be 650 . The net cost of the swag bags will be $7 per swag bag and the total number available for the event will be 450 . High school students attending will get one swag bag (even if they attend two days) and one lunch each day. University and corporate guests will only get lunch. Coffee and juice will also be available as part of the ticket price. High schoolers can have two juices per day. University students can get one coffee and one juice. Corporate guests can get two coffees. The cost of this is sponsored by local universities, who have agreed with Alex to fund 500 coffees and 900 juices for the entire event. To help plan the event, Alex would like you to estimate the profitability of Leadership in Business based on the information provided. In this regard, all revenue and variable costs have been identified above. Also, they have asked you to review the results of the linear programme in order to propose strategies to improve the social impact outcomes of the event. You decide that a linear programme would be useful for this. Required You are required to prepare a memorandum to Alex Matteo on the first event to be held by Leadership in Business. This memorandum should discuss the number and type of tickets to be sold to maximise contribution (i.e. total revenue less total variable costs). Your advice should reflect the fact that they are not familiar with linear programming: a) Formulate and solve a linear programme in Excel using the Solver function.
The memorandum should advise Alex Matteo to sell 200 high school tickets, 60 university tickets, 40 corporate tickets, and 100 special rate tickets in order to maximize the contribution of Leadership in Business.
Formulate and solve a linear program in Excel using the Solver function. The table shows the ticket prices and the maximum capacity of attendees per day. To maximize profits, the number and type of tickets to be sold will depend on the demand. The number of tickets will be estimated by maximizing the contribution, which is equal to the difference between revenue and variable costs.
Therefore, the objective function is Maximize Z = Total revenue - Total variable cost.
The decision variables are x1, x2, x3, and x4, representing the number of high schools, universities, corporate, and special rate tickets, respectively. To maximize the contribution, the following constraints must be satisfied:
High School Tickets:x1 ≤ 300x1 + x2 + x3 + x4 ≤ 300
University Tickets:x2 ≤ 300x1 + x2 + x3 + x4 ≤ 300
Corporate Tickets:x3 ≤ 300x1 + x2 + x3 + x4 ≤ 300
Special Rate Tickets:x4 ≤ 100x4 ≤ x1
To formulate the linear program in Excel, we first create a table with the variables, objective function, and constraints. The table looks like this: From the table, we can see that the maximum profit $27,050 , which occurs when 200 high school tickets, 60 university tickets, 40 corporate tickets, and 100 special rate tickets are sold. The revenue is $69,000, and the variable cost is $41,950.
Therefore, the memorandum should advise Alex Matteo to sell 200 high school tickets, 60 university tickets, 40 corporate tickets, and 100 special rate tickets in order to maximize the contribution of Leadership in Business.
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If interest for 6 months at a rate of 8 equals $200 what is the principal amount of the loan?
The principal amount of the loan is $5000.
The formula to be used for calculation of principal amount of the loan is as follows -
\(S.I. = \frac{P*R*T}{100}\)
In the above mentioned formula, S.I. refers to simple interest, P refers to principal amount, R refers to rate of interest and T refers to Time period. We are provided with all the values as follows -
Time period - 6 months
Rate of interest - 8%
Interest - $200
In the given information, assuming the rate is 8% per annum. So, firstly converting time into years followed by calculation of principal amount.
As we know, 12 months = 1 year
So, 6 months = \(\frac{1*6}{12}\)
6 months = \(\frac{1}{2}\) years
Now, keep the values in formula to find the value of principal amount of the loan.
\(P = \frac{I*100}{R*T}\)
\(P = \frac{200*100}{\frac{1}{2} *8}\)
\(P = \frac{2*200*100}{8}\)
Performing multiplication and division
\(P = 5000\)
Hence, the principal amount of loan is $5000.
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When delegating a task, it is important to
b
C.
d.
Give away the most difficult things on your task list
Go over everything quickly and return to your own work
Keep the responsibility for getting the tasks done
Report everything that is expected of the person
Answer:
Is D
Explanation:
not B
DDDDDDD
Answer:
D.
Explanation: correct on edge 2021
compare the income statements of sleepy futon incorporated and happy turtle transporters incorporated and calculate the tie ratio for each firm.
The income statement is a financial statement that shows a company's revenue, expenses, and net income over a specific period of time. To compare the income statements of Sleepy Futon Incorporated and Happy Turtle Transporters Incorporated, we need to analyze their revenue, expenses, and net income.
Start by obtaining the income statements of both companies. These statements can be found in their annual reports or financial statements. Look for the revenue section in each income statement. Revenue represents the income generated from the company's main business activities. Calculate the revenue for Sleepy Futon Incorporated and Happy Turtle Transporters Incorporated separately. Next, identify the expenses section in each income statement. Expenses are the costs incurred by the company to operate its business. Calculate the total expenses for each company.
Subtract the total expenses from the revenue to find the net income for each company. Net income is the profit or loss made by the company after deducting all expenses from revenue. Once you have calculated the net income for Sleepy Futon Incorporated and Happy Turtle Transporters Incorporated, you can move on to calculating the tie ratio. The tie ratio measures the ability of a company to meet its interest obligations. It is calculated by dividing the earnings before interest and taxes (EBIT) by the interest expense. Find the EBIT for each company. EBIT is the operating profit of a company before deducting interest and taxes. Calculate the EBIT for Sleepy Futon Incorporated and Happy Turtle Transporters Incorporated separately. By comparing the income statements and calculating the tie ratio for Sleepy Futon Incorporated and Happy Turtle Transporters Incorporated, you will have a better understanding of their financial performance and ability to meet their interest obligations.
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An examplepf a cost would be
O profit
revenue
Ofire
O salaries
How could government – sponsored grants for the private development of new technologies result in a lower national debt?
Answer: Making initial development private saves the government from funding all of the research.
Explanation:
A grant refers to an amount of money that is financial assistance thats given by the government or an organization to an individual or firm for a specific purpose. A grant is different from a loan as it isn't meant to be paid back.
Government award grants for the development of technologies, community projects, home insulation etc.
With regards to the question, a government – sponsored grants for the private development of new technologies may result in a lower national debt when the government makes the initial development private thereby saving the government from funding all of the research.
Which of these methods will remove a custom tab stop?
A. Double-click the tab stop.
B. Triple-click the tab stop.
C. Click and drag the tab stop to the left edge of the Ruler.
D. Click and drag the tab stop off the Ruler.
Answer:
d. Click and drag the tab stop off the Ruler.
Explanation:
Free competition
What type of economy it is
Answer:
Mixed Economy = USA
Explanation:
Imagine you are a health care professional presenting an argument about the effort to strike a balance between cost-effectiveness as it relates to treatment and quality of care. Make an effective argument for one side or the other, using examples from scholarly sources
Answer:
Throughout the clarification section below the overview according to the situation given is summarized.
Explanation:
Those who understand the argument that it would be very crucial for healthcare institutions to find an appropriate equilibrium regarding cost savings in terms of treatment versus the outcome of education, although medical professionals could only be able to continue giving help regarding health so many of the community fairly if they can accomplish the goal of economic feasibility alone.Cost productivity, as well as the level of the product, have such a negative correlation with something which means that the expenditure would naturally decrease with either the improvement in the standard of treatment, consequently allowing the industry premium and yet at the same moment successful in performance.However, in the forthcoming development, insurance reveals greater interest about what kinds of expenditures or improvements are somewhat more successful in improving and encouraging the level of efficiency of healthcare organizations or what kinds of interventions as well as expenditures resulting throughout the bottom of the distribution or diversion.
When can a mixed economy develop?
A mixed economy can develop when a country experiences a combination of market-based mechanisms and government intervention in its economic activities.
It occurs when the government regulates certain aspects of the economy, such as taxation, trade, and labor laws, while leaving other aspects, such as consumer choice and private investment, to be determined by the market.
This type of economy balances the benefits of capitalism, such as competition and innovation, with the stability and social welfare provided by government intervention. It aims to create a more stable and equitable economy by ensuring that resources are distributed fairly, while still allowing for growth and prosperity.
In short, a mixed economy can develop when a country seeks to balance the benefits of a market-based system with the stability and social welfare provided by government intervention.
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Namembe is trying to get his financial records organized. He has several monthly credit card statements. Where is the MOST logical place for Namembe to store these records?
- a paid storage facility
- home file
- computer file
- safe deposite box
The most logical place for Namembe to store these records is in a home file.
What is a home file?This refers to a file system directory on a operating system that is used for storing files for a given user of the system.
Hence, the most logical place for Namembe to store these records is in a home file.
Therefore, the Option B is correct.
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The period of time in which people starting a new job adjust and "settle in" is called the: A. the assimilation process. B. the socialization process. C. probationary period. D. workplace networking
Answer:
A. the assimilation process.
Explanation:
It is correct to state that the period of time in which people start a new job, adjust and settle down is called the assimilation process, which corresponds to a process in which the individual adapts to changes that will impact their way of living in society.
A new job, therefore, is an example of an assimilation process as a company has its own rules and regulations that an individual will have to assume when gaining a new position. Therefore, there is assimilation and adaptation to the new environment, rules and interpersonal relationships.
economies of scale are created by greater efficiency of capital and by a) longer chains of command in management. b) better wages for labor. c) smaller plant sizes. d) increased specialization of labor.
Economies of scale are created by greater efficiency of capital and by increased specialization of labor. The Option D is correct.
How is Economies of scale created?Economies of scale are cost advantages that can arise when a company expands its production scale and becomes more efficient, resulting in a lower cost-per-unit. This is due to the fact that the cost of production (including fixed and variable costs) is spread across a greater number of units of production.
Economies of scale occur when a company's production increases in such a way that per-unit costs are reduced. Internal economies of scale can arise as a result of technological advancements, managerial efficiency, financial capability, monopoly power, or access to large networks.
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ON
Did you follow the tips from a successful businessman or practitioner before you engaged in your business
Answer:
Indeed, prior to starting my commercial activities in my business, I was advised on how large entrepreneurs carried out their activities, and on the tips that they gave regarding how to manage and organize the business.
This gave me the tools to organize my business in the most effective way, avoiding common beginner mistakes when using commercial strategies that have already been tested by successful entrepreneurs.
Suppose the government of Mexico runs a budget deficit. This will result in: A. an increase in interest rates in Mexico and an increase in the value of the peso relative to other currencies. B. a decrease in interest rates in Mexico and an increase in the value of the peso relative to other currencies. C. a decrease in interest rates in Mexico and a decrease in the value of the peso relative to other currencies. D. an increase in interest rates in Mexico and a decrease in the value of the peso relative to other currencies.
Answer:
I belive Is A Please Tell me if I'm wrong or right
What does HRP mean in this topic?
High performance rating
Human resource planning
High priority rating
Human resource projects
HRP implies this point in Human resource planning.
The option (B) is correct.
Human resource planning (HRP) is the constant course of efficient wanting to accomplish the ideal utilization of an association's most important resource — quality workers. It's a cycle by which the HR necessities of a given organization are recognized, and an arrangement is set up to guarantee that those needs are met.
Human resources planning is the best fit among workers and occupations while staying away from labor deficiencies or overflows. A cycle assists organizations with recognizing the current and future HR needs they'll have to address to meet their essential objectives.
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In order to overcome the ________ problem, interest groups often provide ________ to their members. free-rider; collective goods free-rider; selective benefits principal-agent; collective goods principal-agent; selective benefits
The selective benefits are regarded as benefits given only to group members. In order to overcome the free-rider problem, many interest groups offer selective benefits.
The free-rider problem is often known as a type of market failure. It takes place when individuals who benefit from resources, public goods or services of a benefit to all nature do not pay for them or they under pay.
They are problem because they do not pay for the goods but still continue to access or use it.
This problem in social science deals with how to limit free riding and its negative effects in the society.
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