The work-in-process inventory account to the finished goods inventory account during an accounting period is cost of goods manufactured.
Inventory Account
Inventory accounting is the branch of accounting concerned with the valuation and recording of changes in inventoried assets. The inventory of a business typically includes commodities in three stages of production: raw goods, in-process goods, and finished goods that are ready for sale. Inventory accounting assigns values to each of these three processes and records them as corporate assets. Assets are things that will most likely be valuable to the firm in the future, so they must be precisely valued in order for the organisation to have a precise valuation.
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To determine the ________, a manager must determine what is relevant or important to resolving a problem.
To determine the decision criteria a manager must determine what is relevant or important to resolving a problem.
what is decision criteria?Decision criteria are the principles, values, rules, factors, and conditions that an organization or group employments to choose an alternative or make a choice. These criteria direct groups in selecting a course of activity among a few choices. They make strides the quality, rationality, and fairness of the team's decisions.
The purpose of establishing criteria is to back a structured decision-making process and guarantee that choices made and options selected bolster the required results and activities, as well as the Core Values.
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Use the P-L-O-C functions of management to list what is to happen in each step of your task, from beginning to the end. Be sure to work efficiently
and effectively. Think back to the example I gave in class about painting the room. Choose a task, the put the 4 functions of management to work to create your plan of action.
Four crucial functions can be used to summarize management ideas. Planning, organizing, leading, and controlling are these tasks. The P-O-L-C framework offers helpful direction for the optimal managerial position.
What is the importance of planning?
Planning enables us to identify potential barriers to our goal's achievement as well as potential facilitators and to determine what to do about each. Making plans enables us to take responsibility for our actions.
In the early 1900s, Henri Fayol first classified them as five functions. Planning, organizing, leading, and controlling are the four primary management activities that have been consolidated and decreased over time from all of Fayol's individual roles.
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When low-priced products sold in one market make their way across segments into markets where higher prices would normally prevail, this is called a:__________
When low-priced products sold in one market make their way across segments into markets where higher prices would normally prevail, this is called a: Black market phenomenon
What is black market?
The black market is any economic activity that takes place outside of government-sanctioned channels. Illegal market transactions are usually conducted "below the table", allowing participants to circumvent government price controls and taxes. Goods and services offered on the black market may be illegal, meaning that the law prohibits their sale, or they may be legal but traded to avoid taxes.
Illegal markets are also known as illicit markets, shadow markets, or underground markets.
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The blank______ is a document filed by the defendant in a lawsuit, whereas the blank______ is filed by the plaintiff in response to a counterclaim.
The blank answer is a document filed by the defendant in a lawsuit, whereas the blank reply is filed by the plaintiff in response to a counterclaim.
The definition of lawsuit is a legal dispute between private individuals or a lawsuit in civil court. An example of a lawsuit is someone suing a company for damages done to a person who has not been repaired. legal disputes or claims brought in court;
Damage Claims are statutory damage claims. B. Claims from insurance companies after an accident. A lawsuit is a legal dispute decided in court in which one party, the plaintiff, seeks damages from the other party, the defendant.
Lawsuits are sometimes called "cases." Technically, "case" and "litigation" are the same and are distinct from "litigation" that precedes a case or litigation.
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___________ is an attribute of jquery mobile that specifies if an icon will appear smaller on mobile devices.
Data-inline is an attribute of jquery mobile that specifies if an icon will appear smaller on mobile devices.
Data-inline attribute can be used for ordering multiple buttons side-by-side on the same line.
The role of jQuery mobile is that. a page in jQuery Mobile consists of an element with a data-role="page" attribute. Within the "page" container, any valid HTML markup can be used, but for typical pages in jQuery Mobile, the immediate children of a "page" are divs with data-role="header" , class="ui-content" , and data-role="footer" .
An icon in jQuery mobile app can be used in widgets where you set the icon with a data-icon attribute you use the name of the icon as value. For example: data-icon="arrow-r" . To add an icon to link buttons and button elements, use the name prefixed with ui-icon- as class
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If the previous year you reached 100ustomer awareness in your company, this year what will you need to do to maintain this level?
me and your mom are having a kid me and your mom are having a kidme and your mom are having a kidme and your mom are having a kidme and your mom are having a kidme and your mom are having a kidme and your mom are having a kidme and your mom are having a kidme and your mom are having a kidme and your mom are having a kidme and your mom are having a kidme and your mom are having a kidme and your mom are having a kid
when should a factory stay open even if it is losing money
Even if a business ceases to exist, it will continue to pay its fixed costs, or the price for the fixed inputs.
Should a firm shut down immediately if it is making losses?If ceasing operations would result in a smaller loss for the company, it should do so. When the variable cost exceeds the total revenue, the shutdown occurs. The company will not be able to make a profit in the short term if it continues to run when the average variable cost is higher than the price.
How long can a company operate at a loss?You can only deduct losses from your business for three out of five tax years, according to the IRS. The IRS may prevent you from deducting business losses from your taxes if you can't demonstrate that your company is beginning to turn a profit.
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Scott+stratton+recently+purchased+a+car+for+$22,500.+it+will+depreciate+at+a+rate+of+7%+per+year.+what+will+his+car+be+worth+in+5+years+when+it+is+paid+off?
The cost of the car after 5 years from then, will be $15652.99.
Given here, the depreciation every year(r) 7% or 0.07per year, asset cost (of the car) is $22,500 and time period (n) is 5 years.
The value after 5 years can be calculated as,
Depreciated value = asset cost ×(1-r) n
= 22500 × (1-0.07) 5
= 15652.99$.
Thus, the car worths 15652.99$ after 5 years.
The worth of an asset after its useful life is expired, as it is diminished over time by depreciation, is its depreciated cost. The asset’s worth is continuously diminished by figuring out how much it will cost to depreciate it, but the depreciated cost technique always permits accounting records to represent an item at its current value.
Depreciation is an accounting technique for spreading out the expense of a tangible item over the course of its useful life.
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Which adjective best describes someone who embodies all of the seven qualities that employers look for?
Personable is the adjective best describes someone who embodies all of the seven qualities that employers look for.
What is Personable?A person who is personable is nice and enjoyable to be around. Being personable can refer to a variety of distinct traits, including friendliness, warmth, openness, and generosity.
Understanding other people is a key component of being liked and approachable. People value it when others are considerate of their needs.
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Matt's market is a grocery store chain in the united states. when it purchases avocados from mexico and grapes from south africa to sell in its stores, it is involved in?
Bob has been investing $3,250 in stock at the end of every year for the past 13 years. if the account is currently worth $83,680, what was his annual return on this investment?
His annual return on this investment will be 1161, or 11.61%
$64,800 = $2,750{[(1 + r)12 − 1]/r}
∴ r = 1161, or 11.61%
What is Return on Investment?A performance metric called return on investment (ROI) is used to assess an investment's effectiveness or profitability or to compare the effectiveness of several distinct investments. ROI is to quantitatively assess how much money is earned in relation to the cost of an investment.
ROI is determined by dividing an investment's return (or benefit) by its cost. As a percentage or ratio, the outcome is shown.
Because ROI is expressed as a percentage, it is simple to compare to returns from other investments, allowing one to compare a range of investment kinds against one another.
Thus, return on Investment is the cost of investment.
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The federal government placed an upper limit on human organ prices, which is called a? a. price floor. b. price support. c. price ceiling. d. none of the choices are correct.
The federal government placed an upper limit on human organ prices, which is called a price ceiling
What are the price floor and price ceiling?
A price ceiling keeps a price from rising over a certain level—the “ceiling”. A price floor keeps a cost from falling underneath a certain level—the “floor”. We can utilize the request and supply system to get it to cost ceilings. In numerous markets for products and services, demanders outnumber providers.
Rent controls, which limit how much proprietors can charge month to month for residences are a case of a price ceiling. this is an example of a price ceiling.
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Suppose a basket of goods and services has been selected to calculate the cpi and 2020 has been selected as the base year. In 2019, the basket’s cost was $80; in 2020, the basket’s cost was $86; and in 2021, the basket’s cost was $90. The value of the cpi in 2021 was?.
Data provided as per the question below:
Cost of basket in 2021 = $90
Cost of the basket in base year = $86
Below is the calculation of the CPI value
Value of the CPI = (Cost of a basket in 2019 ÷ Cost of a basket in the base year) × 100
Value of the CPI = ($90 ÷ $86) × 100 = $104
The Consumer Price Index (CPI) is an index number that can calculate the average price of goods and services that have been consumed by the public as consumers. Conducted with the aim of measuring the inflation rate within a certain period of time, as well as a consideration in adjusting salaries, wages, pension funds, and other contracts.
Inflation is a tendency to increase the value or price of goods and services continuously. When the price of goods and services increases, inflation increases. But this continuous increase in the price of goods can cause the value of the currency to fall. Rising inflation eventually triggers a decrease in the value of the currency against the value of goods and services.
CPI indicator to measure the rate of inflation. Changes in CPI are a description of the rate of increase (inflation) or the rate of decline (deflation) of goods and services within a certain period of time. It is the Central Bureau of Statistics tasked with compiling this Consumer Price Index. Data that must be processed is usually obtained from consumers, producers and others. Determining the CPI uses certain methods and formulas. Usually, the CPI is calculated based on a survey of the cost of living in an urban area and is carried out in stages.
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The value of any asset is the present value of the cash flows the asset is expected to provide. The cash flows a business is able to provide to its investors is its free cash flow. This is the reason that fcf is so important in finance. True or false?.
This is true that The value of any asset is the present value of the cash flows the asset is expected to provide. The cash flows a business is able to provide to its investors is its free cash flow. This is the reason that FCF is so important in finance.
The phrase "cash flow" is typically used to represent payments that are projected to happen in the future, are thus unknown, and so need to be forecast using cash flows; a cash flow in its restricted sense is a payment (in a currency), especially from one central bank account to another; Operating activities, investment activities, and financing activities make up the three categories of cash flows. Cash-related net income activities are included in operating activities.
The quantity of money coming into and going out of your business over a specific time period is known as cash flow. Because it allows you to both satisfy your current financial responsibilities and make plans for the future, cash flow is crucial.
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According to derek johnson, who was interviewed in joel holland's (2010) entrepreneur magazine article, where (when) is the best place to start a business?
According to Derek Johnson, the best place to start a business is in college. He said so because college is a place where there is more time and resources to do research and also can test business concepts.
Businesses assist society first via the distribution of goods and offerings that are critical for survival. Moreover, they devise employment possibilities that help individuals inside the society earn earnings to find the money for their wishes.
A business case describes the purpose, or cause, that a corporation was to start with the base. It describes what makes a commercial enterprise-specific, in addition to what the commercial enterprise plans to do. A commercial enterprise cause isn't a project or value statement and is a great deal shorter than each.
One of the pinnacle business keys to success is taking calculated risks. dangers are an element and parcel of jogging a commercial enterprise. They let you make the right decision and end up a better entrepreneur who can take their commercial enterprise to the following degree
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Benjamin tells james at a company meeting that james has an unimportant job and still can’t do it correctly. benjamin is being ______. a. communicative b. intrepid c. arrogant d. humorous
Benjamin is being arrogant as he tells James at a company meeting that his job is unimportant and he still cannot do it.
An arrogant person tries to pull others down and passes comments which might hurt the feelings of others.
An arrogant person is usually egoistic and considers himself superior to others. He thinks that whatever any other person does is not worthy.
In the case above, Benjamin is trying to pull James down by arrogantly speaking about him in front of others at a meeting. This shows that Benjamin is being arrogant. Hence, the correct option is c. arrogant.
Other options, such as communicative, are not correct as communicative nature results in a conversation between people and does not degrade another person.
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Presenting the results of your analysis--data visualization--is an important part of analytics.
As a crucial step in facts analytics, data visualization gives agencies vital insights into untapped facts and messages that could in any other case be lost. the days of scouring via hundreds of rows of spreadsheets are over, as now we've a visible summary of statistics to discover developments and styles.
Visualization helps you to recognise enormous amounts of records at a glance and in a better way. It facilitates to recognize the facts better to measure its effect on the commercial enterprise and communicates the perception visually to internal and outside audiences.
Information visualization (or 'information viz') is one of the maximum important factors of statistics analytics. Mapping uncooked statistics the use of graphical elements is splendid for helping pattern-recognizing and it's useful for sharing findings in an easily digestible.
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Question content areairma, widowed in 2020, pays all costs related to the home in which she and her unmarried son live. her son does not qualify as her dependent. what is her filing status for 2021?
Status of Areairma, widowed for 2021 is single.
The introduction of common pay and conditions for former manual labourers and officers is known as single status. As part of a nationwide agreement between employers and trade unions, all local governments must take this action. Being SINGLE is much preferable to being in a failed relationship. Not because I don't pray for love, but rather because I don't play with love, is why I'm single. You should stop fooling yourself and change your relationship status to "SINGLE" if it says "it's complicated." Unless you have a dependent, you are not legally obligated to anyone as a single person. If you have never been married, were married but divorced, or have lost your spouse, you may be regarded as single.
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How can using personal financial planning tools help you improve your financial situation? Describe changes you can make in at least three areas.
If you're looking for ways to improve your financial situation, using a personal financial planning tool is a good place to start. These tools help you track your spending and saving habits, create budgets, and plan for the future. By using these tools, you can better understand your financial situation and make informed decisions about your money. Managing your finances helps you meet your financial goals and improve your financial stability
What is financial health?
Financial health is a term used to describe the state of a person's money problems. Financial health has many dimensions, including how much you save, how much you save for retirement, and how much of your income you spend on fixed or nondiscretionary spending. Financial experts have developed rough guidelines for each indicator of financial health, but everyone's situation is different. For this reason, spend time developing your own financial plan to ensure you are on track to meet your goals and to avoid exposing yourself to undue financial risk should the unexpected occur. That is beneficial.
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Consider the market for new higher-end televisions. when income increases, the demand for new televisions ________. therefore new televisions are ________ goods.
Consider the market for new higher-end televisions. When income increases, the demand for new televisions increases. Therefore new televisions are normal goods.
When income rises, demand for normal commodities, usually referred to as necessities, rises as well. However, demand grows more slowly than income growth.
A normal good with a positive income elasticity of demand but one or less is also defined. When spending becomes more upscale.
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The accounting equation is assets = liabilities stockholders' equity. accounts on the right side of the equal sign in this equation are increased with:________
The account on the right side of the equals sign in this equation is added to the debit.
The financial position of any business, large or small, is based on two main components of the balance sheet: assets and liabilities. Owner's equity, or shareholder's equity, is the third part of the balance sheet.
The accounting equation is a representation of how these three important components are interrelated.
Assets represent valuable resources controlled by the company, while liabilities represent its liabilities. Both liability and shareholder equity represent how the company's assets are financed. If it is financed through debt, it will be seen as a liability, but if it is financed through the issuance of equity shares to investors, it will be seen in shareholder equity.
The accounting equation helps to assess whether the business transactions carried out by a company are accurately reflected in its books and accounts.
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What types of assets should be purchased to support new projects and generate future cash flows?
Capital budgeting should be purchased to support new projects and generate future cash flows.
What is Capital budgeting?A financial management method called capital budgeting commonly referred to as an investment appraisal may make sure the project is adding the anticipated value and continuing to track its progress.
It assesses how long it will take for a project's cash flow to recover the initial capital outlay, as well as numerous other criteria including a risk assessment.
When evaluating the worth of projects or investments that call for a significant capital outlay to decide whether they are worthwhile, capital budgeting is a crucial financial management tool.
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A management concept based on an understanding of the changing needs and wants of customers and aligning operations accordingly, is called:________
A management concept based on an understanding of the changing needs and wants of customers and aligning operations accordingly, is called customer orientation.
A business strategy known as "customer orientation" prioritizes the demands of the client over those of the company. Companies that prioritize their customers are aware that without consistently increasing their customer focus, their firm will not succeed. It's a way of thinking that connects the objectives of your company and those of your clients.
What is customer orientation?
In a customer-focused strategy, you address the issues even if you have their money. The benefit comes from recurrent business as well as the initial sale. Customer-focused marketing converts one-time consumers into repeat buyers. It fosters support for a brand.Customer orientation has been thoroughly and regularly researched throughout the world. Essentially, it is paying attention to the requirements and wants of the client, acting in advance to meet those needs and wants.A business strategy known as "customer orientation" prioritizes the demands of the client over those of the company. Companies that prioritize their customers are aware that without consistently increasing their customer focus, their firm will not succeed. It's a way of thinking that connects the objectives of your company and those of your clients.Apple is a fantastic illustration of a company focused on the needs of its customers. In reality, Apple virtually always releases new products that address customer requirements and wants before they are ever voiced. Apple has a reputation for foreseeing and even influencing user preferences.To learn more about customer orientation visit:https://brainly.com/question/14745211
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Employers prefer to hire college graduates who have? not yet worked in the field taken specific elective courses work experience
Employers are looking for a combination of technical skills, such as the ability to create databases, calculate coordinates, or write reports, as well as "soft" skills, like teamwork, communication, leadership, and business acumen.
Business leadership is the ability of an organization's management to set and achieve challenging goals, act swiftly and decisively when necessary, outperform the competition, and motivate others to perform to the best of their abilities.
Regardless of your position in the organisation, you can develop your leadership skills at any level. They are crucial traits to possess because a good leader can inspire his or her team to work together toward a common objective by bringing out the best qualities in each member.
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During the current year, conrad enterprises acquired long-term available-for-sale debt securities on november 1 at $100,400 cost
The Journal Entry of this is- Debt Unrealised Loss-Equity- $3000; Credit Fair-Value Adjustment- Available for Sale- $3000
What is Journal Entry?
Business Deals are events that have a financial impact on the fiscal statements of an association. When Business deals are events that have a fiscal impact on the financial statements of an association. When accounting for these deals, we record numbers in two accounts, where the disbenefit column is on the left and the credit column is on the right. utmost constantly, an entry refers to a word, expression, number, or other information that you might enter into a spreadsheet or database. Although what you enter in one field may be further than one word or number, it’s considered awholeentry.In general, do not use journal entries to record common transactions, similar as customer billings or supplier invoices. These transactions are handled through specialized software modules that present a standard on- line form to be filled out.
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The question was incomplete. Check below the full question.
During the current year, conrad enterprises acquired long-term available-for-sale debt securities on November 1 at $90000. At this December 31 end, these securities had a fair-value of $87,500. This is the first and the only time the company had purchased such securities. The journal entry to record such necessary fair value adjustment to these available-for-sale securities on December 31 is.
According to the theory of mercantilism, a country has a favorable balance of trade when.
When a country could increase its wealth and power by obtaining as much gold and silver as possible and then sold more goods than it bought then it has a favorable balance of trade. In other words, whenever a nation's value of their exports is greater than the value of their imports then it has a favorable balance of trade. This is all according to the Theory of Mercantilism.
A system where more products leave the country to be sold than there were commodities going into the country to be bought was the goal of the colonialists' medieval theory of mercantilism, which is a set of state policies for the control of economic activities and trade.
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Products related in such a way that an increase in the price of one reduces the demand for the other.
Products are related in such a way that an increase in the price of one reduces the demand for the other is complements.
A complement exact is a product or service that gives a fee to every other product or service. In different words, they are two matters that the purchaser utilizes along with one another. Cereal and milk, for instance, or a DVD and a DVD player.
An excellent that is produced together with any other top. as an example, straw is a complement in the production of wheat. The delivery of a terrific will increase if the rate of one in all its complements in production rises. The supply of a good decrease if the price of one in every one of its complements in production falls.
A complement method may be defined as any organizing pastime which recruits outside elements to lessen cognitive loads. The external elements can be our arms or fingers, pencil, and paper, movable icons, counters, measuring devices, or different entities in our instant surroundings.
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The common monetary policy for the euro zone is now formulated by? the european central bank. the federal reserve bank. the world bank. the bundesbank in germany.
Currently, the European Central Bank is responsible for creating the uniform monetary policy for the euro zone.
The central bank of a country uses a set of instruments called monetary policy to regulate the total amount of money in circulation, foster economic expansion, and implement measures like adjusting interest rates and altering bank reserve requirements. With a twin purpose to maximise employment and contain inflation, the Federal Reserve Bank of the United States carries out monetary policy. Adjusting bank reserve requirements and changing interest rates are examples of monetary policy strategies. Typically, monetary policy is categorised as either expansionary or contractionary. Reserve requirements, the discount rate, and open market operations are the three monetary policy tools that the Federal Reserve frequently employs.
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Your company's new physical server has two processors, each with four cores, for a total of eight cores. how many windows server 2016 licenses need to be purchased for your eight-core server?
Your company's new physical server has two processors, each with four cores, for a total of eight cores.
The windows server 2016 licenses need to be purchased for your eight-core server in the quantity: Eight 2 crore license packs for a total of 16 crore licenses.
What is a license?
License means to grant someone the official person that they can have or do something. It is issued by the respective authorities for various purposes.
The types of license include driving license, permit to open a liquor shop, etc.
It is the official document claiming the right to possess or do something.
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In a transportation model, supply is also know as:__________
a. linear programming
b. production
c. origins
d. capacity
In a transportation model, supply is also know as linear programming.
Calculating the least expensive way to ship polyvinyl chloride polymer between four supply points and four demand locations requires the use of a spreadsheet and linear programming. Sensitivity analysis is used to determine how the unpredictability of unit shipping costs will affect the trading company's overall shipping costs.
Transportation model in linear programming Applying transportation models to issues pertaining to the investigation of effective transportation routes. i.e., how efficiently and inexpensively the available resources are moved to other locations. As a result, demand points are categorized as destinations.The transportation problem is a particular kind of linear programming problem where the goal is to reduce the expense of distributing a good from various sources to various destinations.A nation's infrastructure is developed in part through the use of transportation planning, or TP. It is difficult to choose the projects to be funded and implemented from the many possibilities due to the limited budget.The transportation problem is to a special family of linear programming issues where the goal is to transport a homogeneous good produced at a number of origins (destinations) at the lowest possible cost. The problem statement includes both the entire amount required by the destinations and the total amount of supply available at the origin. Additionally provided is the cost of shipping a unit of commodities from a known origin to a known destination. Finding the allocation that results in the lowest overall shipping cost is our goal.To learn more about linear programming visit:https://brainly.com/question/14309521
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