Amounts are recognized as revenue under the modified accrual method of accounting when they are both measurable and accessible.
For the Governmental Funds, the modified accrual basis of accounting is applied. According to this foundation, revenues are recorded as soon as they become measurably available and susceptible to accrual.
Regardless of when they are due or collected, property tax revenue should be recorded in the period for which it was assessed. If earlier, it should be recorded at the beginning of the period for which levied or on the date the government has an enforceable legal claim to the resources.
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G. an automobile company would like to determine the number of vehicles it could sell next year based on the proposed price. which analytics tools would most likely be used for this scenario?
G, an automobile company would like to determine the number of vehicles it could sell next year based on the proposed price. The analytics tools it would most likely use for this scenario is predictive analytics.
Predictive analytics is a branch of business analytics in which researchers and analysts try to make predictions about the future scenario that a firm is likely to face.
Using a range of historical data, statistical modeling, Big data, data mining, machine learning, and other techniques, a firm tries to anticipate future market trends, the demands, risks and opportunities that would greatly influence business outlook.
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One of the biggest non-monetary costs for hospitality customers is ____________.
One of the biggest non-monetary costs for hospitality customers is time.
What is non-monetary costs?When a buyer purchases a product, he not only spends money, but also other resources. These are referred to as non-monetary expenses, and they include time, convenience, effort, and psychological costs.Economists have recently come to understand that consumers make other trade-offs in order to receive goods and services in addition to paying a monetary price. As a result, demand is influenced by other expenses in addition to the monetary price. The idea of non-monetary expenses has grown in significance in social marketing.Non-monetary costs are another type of sacrifice that customers feel when they purchase and use a service.Learn more about non-monetary costs here:
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If the fed institutes a policy to reduce inflation, interest rates will most likely?
If the fed institutes a policy to reduce inflation, So the correct option is Interest Rate
What is Interest Rate?
A fee charged by a lender to a borrower known as an interest rate is computed as a percentage of the principal, or the loaned amount. Usually, the interest rate on a loan is expressed using the annual percentage rate, or (APR). Earnings from savings accounts or certificates of deposit at a bank or credit union may also be subject to an interest rate (CD). Interest on various deposit accounts is calculated using annual percentage yields (APY).
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Incomplete Question
The company uses the direct write-off method for bad debts. what is the amount of bad debts expense?
Based on the opening and closing Accounts receivable, and the direct write-off method, the amount of bad debt expense is $16,000.
What is the bad debt expense?If the bad debt expense uses a direct write-off method, the bad debt expense can be found as:
= Accounts receivable available - Cash collected -Ending account receivable
Solving gives:
= 165,000 - 90,000 - 59,000
= $16,000
In conclusion, the bad debt expense is $16,000.
The full question is:
Accounts Receivable $25,000 (debit)
Bad Debts Expense $0
A Plus Services has the following transactions during January: Credit sales of $140,000, collections of credit sales of $90,000. The company uses the direct write-off method for bad debts. what is the amount of bad debts expense?
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The focal point for audit procedures are the key questions that must be answered about management's ______.
The focal issue for audit procedures is the key queries that must be answered about administration's financial statement assertions.
What are the economic statement assertions for the balance sheet?There are four types of account balance assertions: Existence: The support, equity balances, and liabilities exist at the period ending time. Completeness: The assets, equity credits, and liabilities that are completed and considered to be recorded have been recognized in the financial statements. Assertions are the group of representations by a management team that was incorporated into the financial reports.
They are accuracy and valuation, existence, wholeness, rights and obligations, and display and disclosure.
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Alyssa's custom cakes currently sells birthday, wedding, and specialty cakes each month for $, $, and $ each, respectively. alyssa's current multifactor productivity ratio is:________
Alyssa's Labor Productivity Ratio for Birthday Cake is thus $30 per hour.
According to the Question,
In order to calculate labor productivity ratio for birthday cakes,
CALCULATION OF THE RATIO
We are Given the following details.
Birthday cake revenue is equal to 4 x 45, or $180.Wedding cake revenue is equal to 2 x 155, or $ 310.2 times $100 equals $200 in revenue from speciality cakes.
180+310+200 is $690 in total revenue (output).Multifactor productivity is set to 1.30.
Output / Input = Multifactor Productivity
1.30 = 690/InputInput = 690/1.30Input = $ 530.76923Consequently, the price to produce 8 cakes is $530.76923.
530.76923 / 8 is the average cost of creating each cake.Each cake costs, on average, $ 66.35 to make.
$50 is the labour cost.
Cost of each birthday cake = $45Birthday cake production takes 90 minutes or 1.5 hours.
Birthday cake labour productivity ratio equals output multiplied by the cake's price (Time to produce a birthday cake)
Birthday cake labour productivity ratio
= 45 / 1.5 = 30Therefore, Alyssa's Labor Productivity Ratio for Birthday Cake is thus $30 per hour.
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Correct Question - Alyssa's Custom Cakes currently sells 4 birthday, 2 wedding, and 2 specialty cakes each month for $45, $155, and $100 each, respectively. Alyssa's current multifactor productivity ratio is 1.30. a. Assuming each cake costs the same to make, the average cost to produce a cake is $ 66.35 per cake. (Enter your response rounded to two decimal places.) b. If the cost of labor is $50 per hour (including benefits) and it takes 90 minutes to produce a birthday cake, 240 minutes to produce a wedding cake, and 60 minutes to produce a specialty cake, what is Alyssa's labor productivity ratio in dollars per hour for each type of cake? Alyssa's labor productivity ratio for birthday cakes is $ per hour.
A corporation is a complex business compared to a sole . the process of filing all applicable legal documents to register a corporation with the government is known as :_________
The process of filing all applicable legal documents to register a corporation with the government is known as incorporation.
Articles of incorporation is a set of formal documents which are filed with any government body to legally document the creation of a corporation.
Articles of incorporation commonly contain some pertinent information such as the name of firm, street address or the agent for service of process and the amount and type of stock to be issued. The articles of incorporation are generally used to legally form the corporation.
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Answer:
A corporation is a complex business compared to a sole "proprietorship". The process of filing all applicable legal documents to register a corporation with the government is known as "incorporation"
Explanation: knowledge
When a company uses a marketing discipline and combines computer technology and databases with customer service and marketing communications it is known as?
The marketing mix refers to the set of actions, or techniques, that a firm does to promote its brand or product in the market.
What is marketing mix?A foundational business model known as the "marketing mix" historically focused on the four Ps of product, price, location, and promotion (also known as the "4 Ps"). The phrase "collection of marketing instruments that the firm utilizes to pursue its marketing objectives in the target market" refers to the marketing mix.
Early in the twenty-first century, marketing theory first appeared. The modern marketing mix was initially published in 1984 and has since evolved into the framework for all marketing management choices.
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Many european countries follow the theory of ______, which is a hybrid system combining a capitalist economy and a government that supports equality.
Many european countries follow the theory of Social Democracy which is a hybrid system combining a capitalist economy and a government that supports equality.
Social democracy is a form of governance that shares socialist ideals but operates inside a capitalist framework. The concept, which takes its name from democracy, in which the people have a vote in government decisions, promotes a financially competitive economy while also assisting those whose occupations don't pay well.The Nordic nations have been the only ones to consistently be labeled as social democratic, with Austria, Belgium, Canada, France, the Netherlands, New Zealand, Switzerland, and the United Kingdom among others that have been at least once.To know more about Social democracy visit:
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In the marketing mix, which element of the four ps communicates value to the consumer?
a. product
b. price
c. place
d. promotion
The corret option (D) Promotion
What is marketing mix?As part of a comprehensive marketing plan, a marketing mix contains numerous areas of emphasis. The phrase frequently relates to the four Ps: product, price, placement, and promotion, which were originally used to classify things.Effective marketing covers a wide range of issues rather than concentrating primarily on one theme.
As a result, it is simpler to engage a larger audience, and by keeping in mind the four Ps, marketing professionals are better equipped to focus on what matters most. By focusing on the marketing mix, businesses can make more strategic choices when introducing new items or changing existing ones.
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If a firm has had an agency conflict which is reflected by a poor performing stock for a long period of time, then the firm may become a target of:________
If a firm has had an agency conflict which is reflected by a poor performing stock for a long period of time, then the firm may become a target of a corporate raider.
An investor who purchases a sizable number of shares in a company whose assets seem to be undervalued is known as a corporate raider.
What is corporate raid?
A corporate raid is the process of purchasing a sizable stake in a company and then utilizing shareholder voting rights to force the company to pursue innovative actions intended to raise share value, typically in opposition to the wishes and practices of the corporation's current management. In the United States, corporate raids were particularly prevalent in the 1970s, 1980s, and 1990s. By the end of the 1980s, management of many large publicly traded firms had implemented legal countermeasures, such as poison pills, golden parachutes, and increases in the amount of debt on the balance sheet of the company, aimed to deter future hostile takeovers and corporate raids. In later years, "activist shareholders," who buy stock holdings in corporations to influence their boards of directors and apply pressure on their management, have adopted various corporate raiding techniques.To learn more about corporate raid visit:https://brainly.com/question/13798855
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The market for coffee has many suppliers from all over the world. brazil is a major supplier to the market. how would the following developments influence the equilibrium price and quantity of coffee?
The market for coffee was estimated to be worth USD 102.02 billion in 2020, and it is anticipated to grow at a CAGR of 4.28% from 2021 to 2026.
Coffee is one of the world's most popular alcoholic beverages and the second-largest commercial good after petroleum (Mussatto, Machado, Martins, Teixeira, & Technology, 2011). It is genuinely a global commodity and generates significant foreign exchange for many of the producing nations (Ponte, 2002). While industrialized countries have the largest market, developing nations are the primary producers of coffee. Almost all coffee-producing nations typically have both large- and small-scale coffee farming.
Coffee demand and supply have historically been impacted by a number of factors that have been tracked via various research by numerous academics.
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The basis of strategic position through serving few needs of many customers is known as:_______
The basis of a strategic position by serving only a few needs of many customers is known as strategy.
The creation of a unique & valuable position is called strategy. This strategic position can be created through three sources. The first one is a few needs, many customers. the second one is by having broad needs and few customers and the third one is by having broad needs, and many customers.
Strategy requires a type of competing for the strategic position known as Trade-Offs competing. This requires the company to focus only on a few compatible strategies. With this method, the company will not follow more general strategies but focus its attention only on a specific strategy. So the company will try to implement a system that is independent and reinforces each of its activities.
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Which step in the public policy cycle usually coincides with the federal budget process?
Evaluation step in the public policy cycle usually coincides with the federal budget process.
Policy Evaluation is a systematic collection and analysis of the information to make the judgements about characteristics, activity, context and the outcome of more than one domain. Evaluation used to inform and improve policy development, implementation, adoption, and effectiveness. It also helps to builds the evidence base for the policy interventions.
It also help governments improve the design and implementation of public policies that, can lead to prosperity for their country and well-being for the citizens. These evaluation contribute in overall development of the economy.
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The scientific revolution established new methods of investigating the world, including?
Including the testing of hypotheses
What are Testing Hypotheses?In statistics, hypothesis testing is the process by which a population parameter assumption is put to the test. Depending on the type of data used and the goal of the research, the analyst will choose a certain approach.
Utilizing sample data, hypothesis testing is a method used to determine whether a hypothesis is tenable. Such information could originate from a bigger population or a data-generating process. In the following descriptions, "population" will be used to refer to both of these scenarios.
A statistical sample is tested by an analyst during hypothesis testing with the aim of demonstrating the plausibility of the null hypothesis.
By measuring and reviewing a representative sample of the population under study, statistical analysts can evaluate a theory. Every analyst employs a random population sample to test the null hypothesis and the alternative hypothesis.
A null hypothesis may declare, for instance, that the population means the return is equal to zero. The null hypothesis is typically an equality hypothesis for population parameters. A null hypothesis is effectively the opposite of the alternative hypothesis (e.g., the population means the return is not equal to zero). They cannot both be true because they are mutually exclusive.
Therefore, one of these two hypotheses will be true.
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The __________ strategy is when users are told the importance of using hard to guess passwords and provided with guidelines for selecting strong passwords.
The user education strategy is when users are told the importance of using hard to guess passwords and provided with guidelines for selecting strong passwords.
The user education is important because it helps one to create strong password (s) is essential to prevent others from breaking into your account.
Thereby preventing cases of hacking into someone's computer and also data theft. Its the primary stage of safety and security of your account.
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Both bananas and apples cost $1/each. paul is deciding how many apples and bananas to purchase for $100. after careful deliberation, he decides to buy 100 apples and 0 bananas. this is an example of:_________
An illustration of a corner solution is this.
When one of the inputs in the maximized function has a quantity of zero, the agent maximization problem has a corner solution that is a distinct solution. It is a concept of Consumer Theory. A corner solution, to put it simply, is when the decision-maker is unable or unwilling to trade off between numerous possibilities. In a corner solution, none of the items are included in the optimum package. constraints on consumer choice. If there is an inside solution, the indifference curve corresponds to the budget constraint at the best bundle.
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With respect to the environment in which a business operates, factors such as competition, political and legal forces, and economic climate would all be classified as?
Uncontrollable aspects in the context of the environment in which a firm operates include things like competition, political and legal pressures, and the state of the economy.
What aspect of the marketing environment is under your control?
The controllable variables can be altered over time as well as typically in the short term to adjust to changing market conditions, consumer preferences, or business goals.Among the variables that can be managed are the products, prices, promotions, distribution, and research initiatives.The macro environment is what?
the primary outside variables (economic, demographic, technological, natural, social and cultural, legal, and political) that are beyond a firm's control and affect its performance and decision-making.
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If doubling all inputs increases output by 70 percent, what can you conclude about the shape of the long-run average cost curve?
We can conclude that the long-run average cost curve is going downwards.
What do we mean by long-run average cost curve?The long-run average cost curve depicts the long-run cost of producing each quantity when the firm can choose its amount of fixed costs and thus which short-run average costs it prefers. The long-run average cost curve depicts the long-run total cost of producing a given level of output.When the scale of production is increased, average costs fall, production becomes more efficient, and a company's market competitiveness improves. This can result in lower prices as well as higher profits, which can benefit both consumers and producers—this is known as a positive-sum game.As, it is given in the description itself that when the scale of production is increased, average costs fall, production becomes more efficient, and a company's market competitiveness improves.
We can conclude that the long-run average cost curve is going downwards.
Therefore, we can conclude that the long-run average cost curve is going downwards.
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If the money supply increases 12 percent, velocity decreases 4 percent, and the price level increases 5 percent, then the change in real gdp must be ______ percent.
The price level increases 5 percent, then the change in real GDP must be 3 percent.
Evaluation :
If the cash supply increases 12 percent, velocity decreases 4 percent, and therefore the price level increases 5 percent, then the change in real GDP must be three percent.change in M + change in V= change in P + change in Y = 12-4= 5 +change in Y
Y = 8 - 5
Y = 3
What is Gross Domestic Product ?The term "Gross Domestic Product," or GDP, refers to the entire monetary worth of all finished goods and services produced (and marketed) within a nation within a specific time period (typically 1 year). Purpose. the foremost often used indicator of economic activity is the GDP.The quantity of all commodities and services produced is multiplied by their prices, and therefore the resulting amount is used to calculate GDP.
How to calculate GDP ?GDP are often calculated using either the total amount of goods and services purchased or the amount of production. Consumption, investment, government, exports, and imports are the various categories of demand.Accordingly, GDP is defined by the subsequent formula:
GDP = Consumption + Investment + Government Spending + Net Exports or
more succinctly as : GDP = C + I + G + NX
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From 2008-2012, texas's unemployment rate? was the highest in the nation. was among the highest in the nation. was about the national average. was lower than the national average.
Texas had a lower unemployment rate than the rest of the US between 2008 and 2012.
Texas had a lower unemployment rate than the rest of the US between 2008 and 2012 and was lower than the national average. The expansion of the trade, transportation, and utilities sectors was the main cause of the decline in unemployment. The percentage of the labor force without a job is known as the unemployment rate. It is a lagging indicator, which means that rather than foretelling changes in economic conditions, it often rises or decreases in response to them. The unemployment rate is likely to increase when the economy is struggling and there are few open positions.
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Firms must provide the right incentives if they are to get __________ to focus on long-run value maximization.
Firms must provide the right incentives if they are to get managers to focus on long-run value maximization.
Conflicts arise between managers and debtholders as well as between managers' clients, the shareholders, and those clients. Maximizing shareholder wealth may clash with managers' personal objectives.A manager is someone who is in charge of monitoring and inspiring workers as well as guiding the development of a company. The person in charge of customer service, who resolves client complaints, and who watches over and manages customer service representatives is an example of a manager.
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________ is an approach in an economy where the government decides what goods are produced, how much is produced, and sets the price of the goods produced.
Command allocation is an approach in an economy where the government decides what goods are produced, how much is produced, and sets the price of the goods produced.
What is Command economy?
Governments control when, where, and how much is produced in a command economy since they own the resources, capital, and land that are used in production. In a market economy, resource allocation is determined by individual and corporate earnings and losses, as opposed to macroeconomic and political factors in a command economy. Giving all members access to opportunities and necessities is a priority in command economies. The former Soviet Union, which ran on a communist regime, is the most well-known instance of a command economy.A command economy enables a country to allocate resources to priorities that the free market would not be able to fully address.To know more about Command economy visit:
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An event that has a dual effect on the accounting equation is referred to as a(n)_______
a. direct effect.
b. transaction.
c. investment.
d. indirect effect.
An event that has a dual effect on the accounting equation is referred to as a transaction. Hence, option B is correct.
What is dual effect on the accounting?According to the dual aspect notion, every business transaction has a dual or a two-way impact. This implies that a specific business transaction involves a minimum of two accounts when it is documented in the books of accounts.
This principle is the foundation of the double entry system of accounting. The dual effect principle is the underlying or fundamental accounting idea.
Thus, option B is correct.
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If there are no taxes, the economy is in equilibrium when disposable income equals?
There are no business taxes, no income taxes, and no social security taxes, so disposable personal income equals Net National Product (NNP).
The NNP is defined as the entire market value of the goods and services produced by a country over a given time period (often a year), less depreciation. The NNP is a tool that economists typically use to report on the development and strength of a nation-state. It can be used to compare a country's development to that of other nations.
NNP is calculated using the following equation: NNP = Market Value of Finished Goods + Market Value of Finished Services - Depreciation.
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What managerial tool can be used to establish the goals of the organization, rules and procedures, and forecasts?
Planning is the managerial tool which can be used to establish the goals of the organization, rules and procedures, and forecasts.
What is managerial tool?Systems, software, controls, calculation solutions, techniques, etc. utilized by businesses to be able to adapt to changing marketplaces, ensure a competitive position in them, and enhance corporate performance are collectively referred to as business management tools.The manager's most crucial tool is communication—the way we utilize words.The most successful management technique currently available is goal planning. Utilizes operant conditioning and behavior change. The forms of reward and the schedules of reinforcement are two key ideas utilized to change behavior. Every desirable action receives reinforcement. Whenever a management strategy is communicated throughout an organization, at least one component of how it operates gets rationalized.Learn more about managerial tool here:
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True or false: since retained earnings is involved in the closing process, it is classified as a temporary account.
Since retained earnings is involved in the closing process, it is classified as a temporary account. False
What is a temporary account?Temporary accounts can be described as accounts that are closed at the end of each accounting period. The reason for this is to prevent their balances from being mixed with balances of the next period. Examples of temporary accounts are revenue and expense account.
Permanent accounts are accounts that are not closed at the end of the accounting period. Instead, the balance of the previous accounting period is carried over to the next accounting period. An example is retained earnings.
Retained earnings is the amount of a company's earnings that is not paid out to shareholders as dividends. It is usually net income less dividends. Dividends are payment made to shareholders out of net income.
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Business analytics translates data into decisions to improve business performance through?
Answer: Quantitative tools, and Qualitative reasoning
Explanation:
Business analytics translates data into decisions to improve business performance through QUANTITATIVE TOOLS or techniques and QUALITATIVE REASONING and analysis.
Quantitative Tools (and Techniques):
The fundamental ideas that underlie quantitative analysis and business statistics can be thoroughly understood with the help of quantitative tools such as data mining and business formulas.Data pertaining to issues with business performance and process improvement are interpreted and evaluated by business analysts utilizing quantitative methodologies using percentages, numbers, or figures.Qualitative Reasoning (and Analysis):
Business data evaluation, commonly referred to as "soft-metrics," incorporates qualitative reasoning and qualitative analysis that is focused on the subjective region.According to this logic, a business analytics can possess characteristics that can NOT be measured or simply stated in terms of percentages, numbers, or figures. Instead, it can actually use the descriptive analysis.Learn how to explain the use of business analytics to improve the company’s goods or services: https://brainly.com/question/27674740
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In general, the irs may assess an additional tax liability against a taxpayer within how many years of the filing of the income tax return?
In general, the IRS may assess an additional tax liability against a taxpayer within five years of filing of the income tax return.
Internal Revenue Service (IRS) is a United States Government agency which is said to be responsible for collecting taxes and enforcement of tax laws like the wash sale rule. So the primary purpose of IRS is to collect employment and individual taxes.
Tax liability is regarded to be the total amount of tax debt which is owed to a government by an individual, corporation, or any other entity. Thus, the IRS only allows one to claim refunds and tax credits within three years of income tax return's original due date.
Hence, within five years of filing of the income tax return, the IRS may assess an additional tax liability against a taxpayer.
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Consumers will only buy additional units of a good if the price of the good is reduced is an example of ______.
Consumers will only buy additional units of a good if the price of the good is reduced is an example of Diminishing marginal utility
What is Diminishing marginal utility?Diminishing marginal utility can be defined as the law that stated that the benefit a person derived from buying an additional units of goods will tend to reduce as a goods consume increase.
The simply means that consumers or end user will tend to derived lesser joy from using an additional units of goods as they will be ready to increase the goods when the price is lesser.
Therefore Consumers will only buy additional units of a good if the price of the good is reduced is an example of Diminishing marginal utility
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