The balance of the retained earnings account in the post-closing trial balance will be different from that of the adjusted trial balance. True or false?.
The balance of the retained earnings account in the post-closing trial balance will be different from that of the adjusted trial balance is a true statement.
What is trial balance?Trial Balance is a list of closing balances of ledger accounts on a certain date and is the first step towards the preparation of financial statements. The debt balances are in one column and the other column consists of credit balances.It is usually prepared at the end of an accounting period to assist in the drafting of financial statements.
It is prepared at various stages in an accounting cycle.
A company is supposed to prepare their trial balance periodically,which is usually at the end of reporting period.
The major purpose o the trial balance is to ensure whether the entries are mathematically correct in a company's book keeping system
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Sho needs to purchase a dress shirt for an upcoming job interview. He shops at kohl’s and sees that he can choose from different brands, including apt. 9, chaps, arrow, croft & barrow, and many more. The dress shirts come in a variety of colors, materials, and price points. Which type of competitor structure is illustrated?.
Monopolistic competition is sort of competitor structure is illustrated in the given situation according to the question.
Elaborate:
Monopolistic competition exists when a firm with many potential competitors attempts to discover a marketing strategy to differentiate its product. the manufacturers of the dress shirts differentiate them by style and color, materials, and price.
What Is Monopolistic Competition?
Monopolistic competition exists when several companies offer competing products or services that are resemble , but not perfect, substitutes. The barriers to entry during a monopolistic competitive industry are low, and therefore the decisions of any one firm do not directly affect its competitors.
What is the characteristics of monopolistic competition?
Monopolistic Competition may be a type of market structure where there are many firms in the market, but each and every offers a different product. it's characterized by low barriers to entry and exit, which creates fierce competition.
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According to carmen g. gonzalez, people go hungry because:___.
People go hungry because people are too poor to grow food.
What does Carmen mean?Given name Carmen has two distinct antecedents. Its first root, Carmel, which means "God's vineyard" in Hebrew, is used as a nickname for Carmel and Carmelo in Spanish and Italian, respectively.Karmel is the name of a mountain range in northern Israel.
The second origin is the Latin carmen, which is also the source of the English word "charm" and means "ode" or "poem" ("Patrium Carmen": an ode to the fatherland). The name Carmenta, which derives from this root, is Latin in origin, as is the portion of archaic Latin known as "Carmen Saliare."
The name is unisex in English, but is typically female in Spanish, Portuguese, Catalan, French, and Romanian (Carmen), while it is frequently male in Italian (Carmine).
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An offer is the expression of a willingness to enter into a contract by the offeror’s promising an offeree that she will perform certain obligations _______ some legal benefit from the offeree.
Your firm spends every month on printing and mailing costs, sending statements to customers. If the interest rate is per month, what is the present value of eliminating this cost by sending the statements electronically?.
Eliminating this expense would cost $1,000,000.00 in the current. Annual Rate or APR is a common unit used to express interest rate on loans (APR).
The principal or percentage of the loan amount is what the lender charges the borrower as interest. Interest (CD) may also accrue on money earned in a bank or credit union savings account or certificate of deposit. Interest on these bank accounts is calculated as an annual percentage return (APY).
Working notes:
PMT = $5,200 monthly cost savings
Interest I = 0.52% monthly
Indefinite cost savings at current value
Application of future value formula
PV = PMT/i%.
= $5,200 / 0.5200%
= $1,000,000.00
Note: The present value calculation was performed indefinitely, as the cost savings continue indefinitely over many months.
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The question was incomplete. Check below the full question.
Your firm spends $5,200 every month on printing and mailing costs, sending statements to customers. If the interest rate is 0.52% per month, what is the present value of eliminating this cost by sending the statements electronically?
Your credit card company charges you 1.5 percent per month. what is the annual percentage rate on your account?
You pay 1.5 percent interest on your credit card each month. This indicates that the actual interest rate you pay is 19.56 percent annually.
Nowadays, the majority of credit cards have variable interest rates based on an interest rate index. Normally, this interest is compounded daily. The minimum payment is due once a month, nevertheless.
Once a month, interest is calculated. The calculated interest is added to the account balance each month at a rate of r = 1.5 percent. This suggests that the balance will grow faster than 19.56% every year. You may calculate the effective annual rate (EAR) for this card by following the formula:
EAR = [tex](1 + r)^{Month}-1[/tex]
EAR = [tex](1+0.015)^{12} -1[/tex]
EAR = 19.56%
The effective interest paid is 19.56% per year.
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Boomer company purchased office equipment for $1,000 on december 5. the office equipment depreciated $30 during december. the adjusting entry should include a:________
Boomer company purchased office equipment for $1,000 on december 5. the office equipment depreciated $30 during december. the adjusting entry should include a: Debit to Depreciation expense $ 30
Adjusting entries correct previously recorded journal entries, allowing revenue and costs to be recognized as they occur.
Assume, for example, Depreciation that you bill a customer for $1,000 in services in December. They then pay you in January or February, after the previous fiscal year has ended.
To begin, you record the cash in December as profit expected to be collected in the future in accounts receivable. Then, when the client pays in February, an adjustment entry must be made to record the receivable as cash.
This is referred to as an accrued revenue adjustment entry.
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For bi to be successful, the _____ in the organization must be strongly committed to data-driven decision making.
For bi to be successful, the management in the organization must be strongly committed to data-driven decision-making.
An organization e is a collection of folks who paintings collectively, like a community affiliation, a charity, a union, or an enterprise. you can use the phrase organization to refer to group or business, or to the act of forming or setting up some thing.
An organization is an official group of people, for instance a political party, a enterprise, a charity, or a club. maximum of those specialized faculties are supplied by using voluntary agencies. ... a document by using the global Labour business enterprise. Synonyms: organization, organization, birthday party, frame extra Synonyms of company.
An organization is a group of or extra individuals and the coordinated allocation of resources around a not unusual goal or objective.
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Stone sour co. has an roa of 9 percent and a payout ratio of 18 percent. what is its internal growth rate?
The internal growth rate is 7.97% Approximately
The internal growth rate is computed as shown below:
= ROA x ( 1 - payout ratio ) / [ 1 - ( ROA x payout ratio) ]
= 0.09 x ( 1 - 0.18 ) / [ 1 - ( 0.09 x 0.18 ) ]
= 0.0738 / 0.9262
= 7.97% Approximately
An internal growth rate (IGR) is the best degree of growth potential for a commercial enterprise with out acquiring outdoor financing. A firm's most inner increase rate is the extent of business operations that may maintain to fund and grow the corporation with out issuing new equity or debt.
The IGR assumes that operations can be entirely self-funded by way of the corporation's retained profits. In evaluation, the sustainable increase price (SGR) includes the effect of external financing, however the current capital structure is kept steady.
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Gwhat should you do if you start having a hard time paying your mortgage?
Call your mortgage servicer as soon as possible if you are having trouble making your mortgage payments or are concerned about missing one.
Your service provider might provide options like these.
Refinance.
Consider modifying your loan.
Make a repayment strategy.
Obtain patience.
Short sell your house.
New regulations demand that your mortgage servicer get in touch with you as away once you become delinquent and inform you of any choices you may have to prevent foreclosure so that you can give your property back to your lender through a "deed-in-lieu of foreclosure." You must submit a mortgage assistance application, often known as a "loss mitigation" application, in order to receive this assistance. It's critical that you give your servicer all the details they want; otherwise, they won't be able to.
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If the equilibrium price of good x is $4 and a price ceiling is imposed at $5, the result will be a(n):_________
If the equilibrium price of good x is $4 and a price ceiling is imposed at $5, the result will be an equilibrium.
What is equilibrium price?The equilibrium price is the only price where the plans of consumers and the plans of producers agree—that is, where the amount consumers want to buy of the product, quantity demanded, is equal to the amount producers want to sell, quantity supplied. This common quantity is called the equilibrium quantity.
Supply and demand curves intersect at the equilibrium price. This is the price at which we would predict the market will operate.
Equilibrium occurs when there is a state of no change. This tells us that equilibrium price is a price where both the seller and the buyer are in the position of no change.
Theoretically speaking, at this price,
Amount of goods demanded by the buyers = Amount of goods supplied by the sellers
Therefore, both the demand and supply work in synchronization with the equilibrium price. In other words, the equilibrium price is where the state of the market supply and demand get equally balanced, which also then makes the prices for that certain product steady.
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If p denotes the equilibrium price, then the consumer surplus at any price higher than p must be less than or equal to the consumer surplus at price p.
true/ false
The given statement "If p denotes the equilibrium price, then the consumer surplus......... less than or equal to the consumer surplus at price p." can be marked as true.
What is consumer surplus?A consumer surplus refers to the economic situation that arise when the price for a product or service that has been actually paid by the consumers is less than the price they are willing to pay.
Consumer surplus measures the welfare of the consumer and can be defined as the excess of social valuation of product over the price actually paid.
Basically, Consumer surplus is a measurement of consumer benefits that generally results from the market competition.
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Top managers use _______ planning to determine what the organization's long-term goals should be for the next one to five years with the resources they expect to have available.
'Top managers use strategic planning to determine the organization's long-term goals should be for the next one to five years with the resources they expect to have available.
A strategy is a general plan for achieving one or more long-term or general goals under uncertain circumstances. Her five stages of the process are goal or objective setting, analysis, strategy development, strategy implementation, and strategy monitoring. A strategic management process is more than a set of rules. A philosophical approach to business.
Strategic goals are long-term, overarching goals for an organization, not short-term tactics to address current problems and challenges. Strategy helps organizations improve how they work and set new goals instead of simply improving or correcting what the organization is already doing.
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Assume that cane normally produces and sells 93,000 betas per year. what is the financial advantage (disadvantage) of discontinuing the beta product line?
Assume that cane normally produces and sells 93,000 betas per year. What is the financial advantage (disadvantage) of discontinuing the beta product line: $(1,761,000).
What is a beta of a product?Real users can test a product in a real-world setting before it is released to the public to find any defects or problems. The last round of testing before making a product widely available is called beta testing.The volatility of a stock in proportion to the market as a whole is measured by its beta. The S&P 500 Index, for example, has a beta of 1.0 by definition, and individual companies are graded according to how much they depart from the market. A stock with a beta above 1.0 fluctuates more than the market over time.Public beta testing: The product is made available to the general public online, and data can be gathered from anyone.What is the financial advantage (disadvantage) of discontinuing the beta product line:
financial advantage (disadvantage) of discontinuing the Beta product line
= Fixed costs avoided – contribution margin lost
= 3,540,000 – (145-24-27-17-20)*93000
= $(1,761,000)
i.e., disadvantage
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Explain whether a monopoly that maximizes profit will also be maximizing revenue and production.
A monopoly that maximizes profit is not maximising revenue and production as because revenue is highest when Marginal Revenue equals to 0.
As revenue is maximum when Marginal Revenue equals 0, a monopoly that maximizes profit is not also maximizing production.
Setting its supply at a point where Marginal Cost (MC) equals Marginal Revenue allows a monopoly to maximize profit (MR).
Revenue - costs equals profit.
Therefore, when a monopolist seeks to maximize profit, he is not maximizing revenue; rather, he is maximizing (Revenue - Cost), where revenue is maximized until MR equals zero and continues until MR is positive. When MR = 0, total revenue starts to rise and reaches its peak.
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When employees are paid for exactly how much time they work, they are paid on a(n) _____ basis.
When employees are paid for exactly how much time they work, they are paid on a(n) hourly basis.
Briefing :Employees who are purchased the exact amount of working time, that is, they're paid by the hour, receive a variable wage. this suggests that the salary these employees receive depends exclusively on the number of hours they work.
Is the amount of time for which an employee is paid?A pay period may be a recurring length of time over which employee time is recorded and paid for. samples of pay periods are weekly, biweekly, semimonthly, and monthly. Weekly: A weekly pay period leads to 52 paychecks in a year
Is the compensation paid on the basis of a rate per hour worked?Base pay is that the initial salary paid to an employee, not including any benefits, bonuses, or raises. it's the rate of compensation an employee receives in exchange for services. An employee's base pay are often expressed as an hourly rate or weekly, monthly, or annual salary.
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Why is it so necessary to have a freely elected government for democratic capitalism to create a prosperous and fair economy
Explanation:
Free elections are a mechanism for limiting corruption. A government sets rules that govern the marketplace. To ensure that these rules don't create unfair advantages or limit the abilities of producers and consumers, democratic societies elect the people who will represent them. When representatives are not elected, there is less accountability to the people and therefore a greater risk that representatives won't set rules in the interests of the people, including rules around commerce.
Which approach is best for displaying the actual slack values for your project tasks?
The easiest way to determine the true slack values is to activate the slack checkbox on the view tab because it actually gives the best representation of the actual slack values for each project work.
What is project-based learning?Over a lengthy period of time, ranging from a week to a semester, students work on a project that requires them to address a challenging subject or solve a real-world problem. They create a public product or presentation for a genuine audience to show off their expertise and talents.
Students as a result acquire in-depth subject knowledge in addition to critical reasoning, teamwork, creativity, and communication abilities. Students and teachers that participate in project-based learning see an upsurge in creative energy.
Project-based learning (PBL), according to Thomas Markham (2011), "integrates knowledge with doing. The basic curriculum is covered in class, but students also apply what they have learned to real-world situations and meaningful outcomes. PBL students use digital technologies to create collaborative, high-quality projects. PBL shifts the emphasis of education back to the student rather than the curriculum—a change required by a global economy that values intangible qualities like drive, passion, creativity, empathy, and resiliency. These need to be awakened through experience rather than being taught from a book.
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A rise in the price level:_____.
a. raises the buying power of money.
b. makes the aggregate demand curve steeper.
c. decreases the prices of exports.
d. increases aggregate demand.
e. lowers the buying power of money.
A rise in the price level lowers the buying power of money.
While price level rise, that is referred to as inflation. whilst charges fall, this is referred to as deflation. The charge degree is also associated with the shopping electricity of clients. In standard, the higher the price stage, the lower the purchasing power of cash.
This downward slope indicates that increases within the price level of outputs lead to a lower quantity of overall spending. The graph suggests a downward sloping combination call for curve, displaying that, as the rate stage rises, the amount of general spending on home goods and offerings declines.
A falling price level approach that items and services are cheaper, but earning are lower, too. There's no reason to count on that a alternate in actual profits will increase the amount of goods and offerings demanded—certainly, no exchange in actual profits might arise.
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Based on the information ethan provided about the progress of the project, dan was notified of a change that could negatively impact the __________.
Based on the information Ethan provided about the progress of the project, dan was notified of a change that could negatively impact the project budget.
The total anticipated costs required to complete a project over a specified time frame make up a project budget. It is employed to forecast the project's costs for each stage of the process. A crucial step in the project planning process is developing the project budget. A project budget is crucial because it can aid in time and money savings over the course of the project. You will be able to take the necessary actions to ensure that the project stays within the budget once you have properly planned for it. The breakdown of the work to be done, the materials needed, and the per-unit costs based on actual values form the basis of project budgets.
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Sharon is given two options. Option 1 allows her to take $5. Option 2 allows her a 1/3 chance of winning $50, but she risks losing $10, 2/3 of the time. What best describes sharon?.
Answer:
Sharon is smart in theory because she looses 10 2/3 and the other 1/3 she wins the 50$ so she makes 40$ per investment rather then only making the 5$ without the "risk"
A+recent+survey+found+that+70%+of+all+adults+over+50+wear+glasses+for+driving.+in+a+random+sample+of+10+adults+over+50,+what+is+the+probability+that+at+least+six+wear+glasses?
A recent survey found that 70% of all adults over 50 wear glasses for driving. In a random sample of 10 adults over 50, the probability that at least six wear glasses is 84.97%.
There are only two conceivable outcomes for every adult beyond the age of 50. They either wear spectacles or they don't.
This means that we will answer the problem using the binomial probability distribution.
The binomial probability is the likelihood of achieving exactly x successes on n trials, where X can only have two possibilities.
P (X=x) = [tex]C_{n,x} * p^{x} * (1 - p)^{(1-x)}[/tex]
In which [tex]C_{n,x}[/tex] is the number of distinct combinations of x items from a collection of n elements, as determined by the formula below.
[tex]C_{n,x}[/tex] = [tex]\frac{n!}{x!(n-x)!}[/tex]
And p is the probability that X will occur.
Since we are given that n = 10 and p = 0.7
[tex]P(X \geq 6) = P(X = 6) + P(X = 7) + P(X = 8) + P(X = 9) + P(X = 10)[/tex]
= 84.97%
Hence, the answer is 84.97%.
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The aggregate demand curve indicates a(n) _____________ relationship between the price level and the quantity demanded of real gdp;
The aggregate demand curve indicates a(n) direct, indirect, horizontal relationship between the price level and the quantity demanded of real GDP;
An aggregate demand curve suggests the whole spending on home items and offerings at every charge degree. You can see an instance mixture call for the curve below. Just like in a mixture deliver curve, the horizontal axis suggests actual GDP and the vertical axis suggests charge degree.
The aggregate demand curve represents the whole of consumption, investment, authorities purchases, and internet exports at every charge degree in any period. It slopes downward due to the wealth impact on consumption, the hobby price impact on investment, and the worldwide alternate impact on internet exports.
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_____ includes ongoing support and maintenance costs, as well as acquisition costs.
TCO (Total cost of ownership) is the cost that includes ongoing support and maintenance cost along with acquisition cost. Total cost of ownership is basically purchase price of asset along with cost of operation. Total cost of ownership is actually a way of assessing the long-term value of a purchase to a company or individual.
Different corporations use the total cost of ownership as a means of analyzing business deals, while individuals basically look at the total cost as a way of assessing potential purchases.
Companies use this cost of ownership over the long term as a framework for analyzing business deals. The total cost of ownership is a way of adopting more holistic approach that assesses the purchase. This sort of analysis includes the initial purchase price as well as all direct and indirect expenses.
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A main reason that environmental scanning is important is so that businesses can be aware of.
Environmental scanning is important so that organizations may be aware of the aspects, including strengths and weaknesses, opportunities, and dangers, that will have an impact on their organization in the future.
The process of obtaining data from an organization's internal and external settings and carefully observing these environments in order to spot potential dangers and business opportunities is known as environmental scanning. It is the examination of all potential influences on the organization's future.
Environmental scanning is important because there are quick changes in the environment that have a significant influence on the operation of the business firm. Therefore, environmental scanning is a crucial part of strategic planning since it offers information on variables that may impact a company in the future, allowing for the identification of strengths, weaknesses, opportunities, and threats. This information will enable leadership to respond proactively to external consequences.
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Is an allocation of the cost of buildings, vehicles, and equipment to expense over time as they are used.
Depreciation is an allocation of the cost of buildings, vehicles, and equipment to expense over time as they are used.
The basic journal entry for depreciation is to debit the Depreciation Expense account (which appears in the income statement) and credit the Accumulated Depreciation account (which appears in the balance sheet as a contra account that reduces the number of fixed assets).
The purpose of depreciation is to represent an accurate value of assets on the books. Every year, as assets are used, their values are reduced on the balance sheet and expensed on the income statement.
Straight-line depreciation is the simplest method for calculating depreciation over time. Under this method, the same amount of depreciation is deducted from the value of an asset for every year of its useful life.
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If you were conducting a financial feasibility analysis for embrace, (a) what issues would you consider to complete this analysis and (b) why are those issues important?
Financial feasibility describes whether your project is financially viable. Financial feasibility report including cost/benefit analysis of the project. It also forecasts expected return on investment (ROI) and outlines financial risks.
It is important to consider the Financial feasibility for people who want to buy it and then long-term inventory for rent. The “growth of the company” and the need to determine income and expenses are also important. Issues such as these are important not only to reach the breakeven point but to exceed it.
The most important questions to consider in a financial viability analysis are the total amount of cash needed to start, the financial performance of similar businesses, and the overall financial attractiveness of the business. proposed business.
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Tammy spencer spends all day driving from customer site to customer site for sales meetings in his job with a national medical parts manufacturer. what is tammy considered to be?
Tammy is considered to be an Outside sales representative.
What is an Outside sales representative?An outside sales representative is a businessperson who conducts customer meetings and sales activities apart from a typical office setting. In order to either offer their product or develop a relationship with a current client, outside sales agents personally interact with potential consumers. Outside sales personnel follow the clients' schedules because they frequently travel to meet with them. They frequently work past their regular working hours as a result of this. To interact with a customer, present a product demonstration, and answer any queries about their services, they might meet them before or after work hours. Outside sales representatives sometimes operate from remote or home offices because they rarely work in a traditional office setting.
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The custom halloween company purchases a new sewing machine to replace an older machine with limited capabilities. The first week the new machine is used production nearly doubles. Which economic principle does this illustrate? the impact of capital investments the law of demand the law of supply the risk of an investment vehicle
Answer:
A: The impact of capital investments
Explanation:
Hope this helps :)
The custom halloween company purchases a new sewing machine to replace an older machine with limited capabilities. The first week the new machine is used production nearly doubles. The economic principle does this illustrate is the impact of capital investments. Thus, option A is correct.
What is Capital Investment?A company makes a capital investment when it buys tangible assets to utilise in achieving its long-term goals and objectives. Among the assets that are bought as capital investments are real estate, factories, and equipment.
The funding used may originate from a variety of sources, including venture capital deals and traditional bank loans. A company's choice to invest in capital is a long-term growth plan. A business prepares and executes capital investments to guarantee future expansion.
The main goals of capital investments are to boost operational efficiency, increase market share, and boost revenue. For the same objectives, the business may make a capital investment in the form of an equity ownership in the complementary operations of another business.
Therefore, The economic principle does this illustrate is the impact of capital investments. Thus, option A is correct.
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Costs associated with inspecting, unpacking and putting incoming inventory into storage are components of ____ cost.
Expenses related to examining, unpacking, and setting incoming stock into storage are components of Ordering or setup charges.
Storage means the act of retaining things and the vicinity wherein you maintain them. That can be fixtures designed to maintain small objects: Bookcase, cabinet (fixtures), Chest (furniture), cabinet, desk, Sideboard (hutch), fridge, and many others.
Information storage refers to the usage of recording media to hold records of the usage of computer systems or different devices. The most familiar sorts of statistics storage are document storage, block storage, and object storage, with every being ideal for extraordinary functions.
A storage unit is shelving for maintaining goods, commonly in a warehouse and not at the sales ground. Refrigerated storage gadgets within the distribution centers shop perishables. Use storage units with drawers for small gadgets which include socks and ties, so that the income region is not cluttered.
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