the balance sheet of northern sky resort reports total assets of $820,000 and $910,000 at the beginning and end of the year, respectively. the return on assets for the year is 23%. calculate northern sky's net income for the year.

A business paper from which data is gotten for a diary section is known as a Source Document.

In the bookkeeping business, source documents incorporate receipts, charges, solicitations, proclamations, and checks - i.e., anything that documents a transaction. Any time a business spends or gets cash, a source document is made.

Source documents are a vital piece of the bookkeeping and accounting process. Notwithstanding, numerous consultants battle to gather and deal with their clients' source documents or don't gather and oversee them by any means.

Executing a smoothed-out framework for gathering and dealing with your client's source documents won't just work on the exactness, speed, and nature of your work - it will likewise empower you to be a superior business accomplice to your private company clients. We should investigate the significance of source documents, and how you can acquaint a more proficient framework with gathering and overseeing source documents at your practice.

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The correct option of the following is none:

we can expect that the number of firms in the industry will fall, and the market price will fall.

What is the perfectly competitive market?

In economics, a perfect market is a theoretical model that enables businesses to trade products without any limitations, such as taxes, tariffs, or regulations.

The following are the characteristics of a perfectly competitive market:

Many buyers and sellers A homogenous product Information on prices and quality is easily accessible. Individual companies have no control over prices or supply the companies are not regulated by the government.

How will the number of firms in the industry and the market price be affected?

The law of supply and demand governs the price and quantity of goods sold in a perfectly competitive market. As a result, when all companies in a perfectly competitive industry are making an economic profit, we can anticipate an increase in supply in the market as new companies enter the market. This excess supply will lead to a drop in prices as companies compete for clients.

In summary, when all firms in a perfectly competitive industry are earning an economic profit, we should expect that over time, the number of firms in the industry will fall, and the market price will fall.

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When preparing a scatter diagram, the estimated line of cost behavior is drawn on the diagram to show the relation between the two variables being analyzed.

Typically, the two variables being analyzed are:

The dependent variable: This is the variable that is being predicted or explained by the other variable. In cost accounting, the dependent variable is usually the total cost or the cost of production.

Lastly, The independent variable: This is the variable that is believed to influence or cause changes in the dependent variable. In cost accounting, the independent variable is usually a measure of the level of activity, such as units produced, labor hours worked, or machine hours used.

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Answer:cost and unit volume

Explanation:

When the government increases taxes, disposable income and consumer spending will both be c) falls.

The correct option is c) falls.

When the government increases taxes, disposable income will be reduced. This is because individuals have to pay a larger amount in taxes and thus have less money to spend on other goods and services. As a result, consumer spending is likely to decrease.

Disposable income is the money that is available to be spent on goods and services after taxes are taken out. Therefore, when taxes are increased, disposable income is decreased.

Consumer spending is the total amount of money that is spent on goods and services. When disposable income is reduced, consumer spending will also be reduced. This is because people have less money to spend on the goods and services they would normally purchase.

In summary, when the government increases taxes, disposable income and consumer spending will both be reduced.

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Complete question:

Suppose the government increases taxes. What will happen to disposable income and consumer spending?

1. Disposable income

a) does not change.

b) increases.

c) falls.

The restaurant's total daily payroll cost is $1,412.50

Days on which the restaurant is open = 24

The monthly fixed payroll cost = $31,800

Daily variable payroll cost = $2,100

Calculating the daily variable payroll cost:

Daily variable payroll cost = Monthly variable payroll cost / Number of days per month

= 2,100 / 24

= 87.50

Calculating the total daily payroll cost:

Total daily payroll cost = Daily fixed payroll cost/ Number of days + Daily variable payroll cost

= 31,800 / 24 + 87.50

= 1,325 + 87.50

= 1,412.50

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The debt-equity ratio that is required to achieve the firm's desired rate of growth is 1.13.

Given data:

Sustainable growth rate = 3.13 %

Dividend payout ratio = 27%

Profit margin = 6%

Capital intensity ratio = 2

Required : Debt-equity ratio

The sustainable growth rate formula can be written as:

Sustainable growth rate = (1- Dividend payout ratio) x Profit margin x Capital intensity ratio

The required growth rate is 3.13%.

The formula for sustainable growth rate is given as:

Sustainable growth rate = (1 - Dividend payout ratio) x Profit margin x Capital intensity ratio

Now substituting the given values:3.13% = (1 - 0.27) × 0.06 × 2

Now, solve the equation:3.13% = 0.9528 %

The debt-equity ratio that is required to achieve the firm's desired rate of growth is 1.13.

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The age group in the US that has had the highest average annual percent growth over the past 30 years is the elderly (65 years and over).

Explanation: According to the US Census Bureau, the elderly (65 years and over) age group has had the highest average annual percent growth over the past 30 years. The elderly (65 years and over) population in the US increased by 2.8 percent between 2010 and 2020, making it the fastest-growing age group.

The reason for this increase is due to advances in medical science, which have led to a longer life expectancy, combined with the aging of the Baby Boomer generation.

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The Gross State Product (GSP) measures the economy's overall performance. Therefore the correct option is A.

GSP is the total market value of all goods and services produced in the state over a specific period of time. Other measures of the economy's overall performance include the stock market, national income accounting, and private accounting.  Gross State Product is the total value of all goods and services produced in a particular state in a given year. This includes services, private and public investment, and consumer spending. It is an important indicator of a state's economic health and growth.

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Alpha Inc.'s return on equity (ROE) is approximately 19.07%.

To calculate Alpha Inc.'s return on equity (ROE), we can use the DuPont analysis formula: ROE = Profit Margin x Total Asset Turnover x Equity Multiplier. Let's break down the given information and solve for ROE step-by-step:

1. Operating profit margin is 0.15.
2. Total asset turnover is 0.85.
3. Two-thirds of assets are financed through equity, so the equity financing ratio is 2/3 (or approximately 0.67).
4. Debt burden is 0.6.

Now, we need to find the Equity Multiplier, which is calculated as:

Equity Multiplier = 1 / Equity Financing Ratio = 1 / 0.67 ≈ 1.49

Next, we can plug in the values into the DuPont analysis formula:

ROE = Profit Margin x Total Asset Turnover x Equity Multiplier
ROE = 0.15 x 0.85 x 1.49

ROE ≈ 0.190725

To express the answer in percentage points, we multiply by 100:

ROE = 0.190725 x 100 ≈ 19.07%

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The prime reason individuals trade in prediction markets is because they offer opportunities for individuals to earn profits based on accurate predictions. In prediction markets, traders can buy and sell shares in the outcome of future events, such as the outcome of an election or the success of a new product.

Prediction markets are online platforms that allow users to trade on the outcome of future events. These events may be related to sports, politics, entertainment, or any other category in which people are interested. Traders can buy and sell shares in the outcome of these events, and the market price of each share represents the probability that the event will occur. When traders believe that an event is likely to happen, they will buy shares in the event.

As more traders sell shares, the market price of each share decreases. The goal of traders in prediction markets is to make a profit by buying shares in the outcome of events that are undervalued by the market. A major advantage of prediction markets is that they allow traders to profit from accurate predictions, even if they have no personal interest in the outcome of the event.

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In competitive markets, it is not necessary for all buyers to be informed or change their purchasing behavior in response to changes in prices and quality for markets to function effectively.

Rather, competitive market efficiency is dependent on the existence of a sufficient number of informed buyers and sellers, as well as easy entry and exit into and out of the market. Competitive markets are characterized by the existence of many small firms that compete against each other by offering a similar product or service at a comparable price. Competitive markets are often beneficial to customers because they frequently result in lower costs and improved product quality. Moreover, businesses that are inefficient or have higher costs than their competitors are likely to be pushed out of the market because customers will flock to cheaper options that offer comparable or superior quality products or services. As a result, competitive markets often favor the most efficient and competitive companies who are able to offer the best products or services at the lowest cost.

In conclusion, competitive markets are efficient when there are a sufficient number of informed buyers and sellers, as well as easy entry and exit into and out of the market. Therefore, not all buyers need to be informed or change their behavior in response to changes in prices and quality for markets to function efficiently.

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The federal reserve can be considered as the one which is known was to be option D. created in 1913.

Federal Reserve is the central bank of the United States, not Canada. The central bank of Canada is called the Bank of Canada. Both institutions are responsible for managing monetary policy in their respective countries, but they operate independently and have different mandates and structures.

The Federal Reserve was created by the U.S. Congress in 1913 to provide the nation with a stable and flexible monetary and financial system, while the Bank of Canada was established in 1934 to "promote the economic and financial well-being of Canada."

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Using positive and courteous language enhances the clarity and tone of a message. The best revision for the given sentence is "We request a brief extension to complete the report." Thus, Option C is correct.

The revised sentence uses positive and courteous language by requesting an extension instead of demanding it. The use of the word "brief" shows consideration for the time of the person granting the extension. The sentence does not make excuses or dwell on the difficulties faced in completing the report, but rather focuses on the solution. This approach is more likely to elicit a positive response from the recipient of the message.

Using polite language also conveys respect and professionalism, which can help to establish positive relationships with colleagues and clients.

This question should be provided as:

The clarity and tone of a message are improved when you use positive and courteous language.

Choose the best revision for the following sentence.

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When a furniture manufacturer with a reputation for making plain, lightweight foldable steel chairs decides to make cushioned chairs with printed upholstery, the new type of chair will be a product line extension.

A product line extension is when a business adds new products to an existing product line in order to meet a specific customer need or to increase sales. In this case, the furniture manufacturer is extending its product line to include cushioned chairs with printed upholstery, which is a departure from the plain, lightweight foldable steel chairs they are known for.

This is not a discontinuous innovation because it is not a completely new product category or market. Rather, it is an extension of the manufacturer's existing product line. It is also not a repositioned product because the company is not changing the positioning or target market for their existing product line.The new cushioned chairs with printed upholstery are also not just a new and improved version of the existing chairs.

Rather, they are a new type of product altogether that serves a different customer need.To sum up, the furniture manufacturer's decision to make cushioned chairs with printed upholstery is an example of a product line extension.

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A law or regulation affecting a product's characteristics that must be met before a product can enter a country is called a Technical Barrier to Trade (TBT) barrier.

What is a Technical Barrier to Trade (TBT)?

Technical Barrier to Trade (TBT) is a term used to describe a country's technical regulations, standards, and procedures. They are intended to ensure that imported products meet the importing country's requirements for human, animal, or plant health, as well as environmental protection and consumer protection.

TBT can also be used to describe the technical standard used to measure the safety, quality, and other characteristics of products. These requirements are intended to ensure that the products sold in the country are safe and of good quality.

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Answer:

C

Explanation:

Answer:

The correct answer is A) Todd is a single parent in his 30s who owns a home.

Explanation:

I just had it on a test and got it right

The Latin phrase referred to in the given  is "Ars gratia artis". This phrase is commonly used as the motto for the Metro-Goldwyn-Mayer (MGM) film studio.

Ars gratia artis is a Latin phrase that means "art for art's sake." It refers to the notion that art should be created for its own sake, without any consideration of how it may benefit or influence the world outside of itself.

The phrase is a reminder to artists and audiences that art is meant to be enjoyed and appreciated for its own inherent value, rather than serving as a tool for political or social purposes.

Therefore , The situation described, where Forever 21 has its customers initial their receipts because of its return policy, is an example of the Latin phrase "Ars gratia artis."

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The current market value of the company's equity can be calculated by multiplying the number of outstanding shares (10 million) by the current share price ($35). Therefore, the market value of the company's equity is $350 million.

It is important to note that the authorized shares are the maximum amount of shares the company is allowed to issue, while the treasury shares are the company's own shares that have been previously issued and are then reacquired by the company. The issued shares are the number of shares that have been made available to the public.

The $50 per share that the company went public at last year is known as the initial public offering (IPO) price. The difference between the current share price of $35 and the IPO price of $50 is the loss in value that the company's equity has experienced over the last year.

It is also important to note that market value of the company's equity is not the same as the book value of the company's equity, which is the sum of the company's liabilities and its shareholders' equity. The book value does not take into account the fluctuations in the market and does not reflect the current market prices of the company's equity.

Overall, the current market value of the company's equity is $350 million. This can be calculated by multiplying the number of outstanding shares (10 million) by the current share price ($35).

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The future value of the payment made at maturity is $1790.85.

To calculate the future value of the payment made at maturity, we need to use the formula for the future value of a single sum:

Where:

In this case, the present value is the face value of the bond, which is $1000. The interest rate is 6%, and the number of periods is 10 years. So, we can calculate the future value of the payment made at maturity as follows:

             = $1000 x 1.06^10

             = $1790.85

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a: When a business has excess capacity and must decide how to efficiently distribute its resources, the resource spending method to decision making is appropriate.

b: The resource spending strategy assumes that there is excess capacity and that it may be used to increase revenue without adding further fixed costs.

c: A thorough grasp of the advantages and disadvantages of each resource expenditure choice is one of the insights received from a resource spending method.

a. A resource spending approach to decision making is appropriate when a company has excess capacity and needs to decide how to allocate its resources effectively. This approach involves analyzing the costs and benefits of each resource spending decision and choosing the option that maximizes the value of the company's resources.

b. The resource spending approach assumes that excess capacity exists and that it can be utilized to generate additional revenue without incurring additional fixed costs. This means that the approach assumes that the company's fixed costs are sunk costs and that they will not change regardless of the level of resource spending.

c. The information gained from a resource spending approach includes a clear understanding of the costs and benefits of each resource spending decision. This approach helps decision-makers evaluate the potential impact of each decision on the company's financial performance and determine which options will generate the highest returns on investment. Additionally, this approach can identify opportunities for cost savings and efficiency improvements by optimizing the allocation of the company's resources.

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Bruce is experiencing an economic loss of $20,000 by choosing to work as a graphic artist instead of a writer.

To calculate Bruce's economic profit from choosing to work as a graphic artist, we need to consider his opportunity cost, which is the forgone income he would have earned as a writer.

If Bruce had worked as a writer, he would have earned $45,000. However, he chose to work as a graphic artist and earned $25,000 in accounting profits. Accounting profit is the total revenue earned minus the explicit costs, such as equipment and material costs.

To calculate Bruce's economic profit, we need to subtract his opportunity cost from his accounting profit. Therefore, his economic profit can be calculated as:

Economic profit = Accounting profit - Opportunity cost

Economic profit = $25,000 - $45,000

Economic profit = -$20,000

The negative economic profit means that Bruce's decision to work as a graphic artist instead of a writer resulted in a loss of $20,000. In other words, if Bruce had worked as a writer, he would have earned $20,000 more than what he earned as a graphic artist.

This calculation highlights the importance of considering opportunity costs when making economic decisions. While Bruce may enjoy working as a graphic artist, he could have earned more by working as a writer, which was his next best alternative.

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The goals of the finance function are to ensure profitability and reduce risks. So the correct option is B .

In addition to maximizing profits, the finance function of a business also focuses on managing risks, such as credit risk, market risk, liquidity risk, and operational risk. By identifying and managing risks, a business can minimize the potential negative impact of uncertain events on its financial performance and ensure the sustainability of its operations over the long-term. Therefore, the goals of the finance function include not only generating profits, but also managing risks in a way that helps the business achieve its financial objectives while minimizing potential losses.

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When fraud risk is significant, and management cooperation is unsatisfactory, the auditors will most likely express a qualified or an adverse opinion on the financial statements.

Audit risk is the risk that an auditor will provide an inappropriate audit opinion on financial statements. Audit risk has three components: control risk, detection risk, and inherent risk. The likelihood of material misstatements that were not identified by the internal control system or discovered by the audit procedure is inherent risk. Detection risk is the possibility that audit procedures will not identify material misstatements. Control risk is the risk that an error or fraud in a business's financial records may not be identified or corrected by internal controls.

Thus, when fraud risk is significant, and management cooperation is unsatisfactory, the auditors will most likely express a qualified or an adverse opinion on the financial statements.

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Competitive advantage has a greater chance of arising from intangible resources than from tangible resources.

Competitive advantage is the term used to describe a business's ability to gain a competitive edge over its rivals in the industry. A company with a competitive advantage can outperform its competitors by producing products or services that are of higher quality or are more cost-effective.Intangible resources are those that cannot be touched, such as a company's reputation or brand image, while tangible resources are physical assets such as equipment or property. Intangible resources are typically more difficult to imitate, making them a source of competitive advantage for firms.

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The given statement "the government sends a $2,000 check to every adult in order to shift aggregate demand to the right and increase real GDP" is true.

This policy, which is a fiscal policy, would encourage people to consume more and invest more, both of which would increase GDP.

The GDP or gross domestic product, which is a measure of a nation's economic performance, is determined by aggregate demand and supply factors, and this measure determines the nation's welfare or standard.

The real GDP is a measure of a nation's economic output adjusted for price inflation. To increase GDP, there must be a rise in total spending in the economy, which might occur if there is an increase in the aggregate demand (AD).

As a result, a rise in government spending, an increase in household consumption, an increase in business investment, or

an increase in net exports may all lead to a rise in aggregate demand, resulting in a rise in real GDP.

This means that if the government sends a $2,000 check to every adult, it is intended to shift aggregate demand to the right and increase real GDP.

So, this is how the government sends a $2,000 check to every adult in order to shift aggregate demand to the right and increase real GDP.

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The final answer are If we know the value of X, we can use the predicted value of Y to estimate the amount of debt.

A financial education time of hours is found to result in an amount of debt of dollars. What is the predicted amount of debt? Regression analysis is used to calculate the expected value of the dependent variable based on the values of the independent variables.

It is also used to explain the extent to which the dependent variable is impacted by one or more independent variables. It is a statistical process that helps to establish a correlation between two variables.

In this case, if the financial education time of hours is found to result in an amount of debt of dollars, we can use regression analysis to predict the amount of debt. It is important to note that regression analysis relies on a set of assumptions, one of which is linearity.

Therefore, it is essential to ensure that the relationship between the independent and dependent variables is linear. We can use the formula Y = a + b X to calculate the expected value of Y based on the value of X.

In this case, the value of X is the financial education time of hours, and the value of Y is the amount of debt. To calculate the predicted amount of debt, we need to know the values of a and b, which can be obtained by regression analysis.

Once we have the values of a and b, we can plug in the value of X and calculate the predicted value of Y. The predicted value of Y represents the expected amount of debt based on the value of X.

Therefore, if we know the value of X, we can use the predicted value of Y to estimate the amount of debt.

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False. It is important to understand margin and markup even when using value-based pricing.

Value-based pricing is a pricing strategy in which a product's price is determined by its perceived value to the customer. Rather than using production costs or market prices to determine the price of a product, the price is determined by how much the customer is willing to pay for it. Value-based pricing necessitates an understanding of margin and markup. Margin and markup are important because they aid in determining the actual cost of producing a product and the price at which it should be sold to generate a profit.

For example, if a product costs $100 to manufacture and you want to make a 25 percent profit, you would need to sell it for $125. This implies a markup of 25 percent, which is the amount added to the product's cost to determine the selling price.

The margin is then calculated by dividing the profit by the selling price, which in this case would be $25/$125, or 20%. This margin shows that the profit accounts for 20% of the selling price. Value-based pricing is not exempt from the necessity of margin and markup. Even though value-based pricing is a pricing strategy based on perceived value to customers, it is still critical to consider costs and profits when determining a price for a product.

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Customizing basic models is an example of a batch process.

What is a batch process?

A batch process is a processing mode in which one batch is finished before the next batch is started. The term "batch processing" refers to processing the batch of many jobs in a program's stack or queue.

As a result, when the batch is complete, the output is generated. The following are some features of a batch process:

Requires the processing of one job at a time

Requires the complete processing of one job before moving on to the next step or task

It can be automated or done by humans in some cases

It is best for tasks with well-defined processing steps

Batch processing is used in applications like payroll, bank statements, and customer invoicing. To put it another way, batch processing is a kind of program that divides a job into smaller pieces to be executed separately.

Because the segments are independent, they can be executed

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Customizing basic models is an example of a job shop process.

In a job shop process, a batch of work is custom-made to the customer’s specifications, as opposed to mass production of identical items.

It requires a flexible workflow, which can be adjusted for each individual project. This means that the production rate of each project can vary, as certain components may require additional time and effort.

Furthermore, job shop processes often involve producing unique products that require skilled workers, which can slow down production. In summary, customizing basic models is an example of a job shop process.

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If the price of a good does not take into account all of the benefits of its purchase, the equilibrium price will be too low, and the equilibrium quantity will be too low.

Equilibrium price is the price at which the quantity demanded of a good is equal to the quantity supplied of that good. This implies that the equilibrium price is the price at which the market is in equilibrium. It is the price at which both buyers and sellers are satisfied with their transactions.

Equilibrium quantity is the quantity of a good that is bought and sold at the equilibrium price. It is the quantity demanded and supplied at the equilibrium price, and it is the level of output that the market has determined to be optimal or efficient. The equilibrium quantity is the quantity at which there is no excess demand or excess supply in the market.

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Evaluation arguments are based on facts, data, and sound reasoning, unlike other forms of arguments, which are often fueled by emotions and opinions.

Quantitative evidence, according to many people, is the most essential component of an evaluation argument. In evaluation arguments, data is used to assess whether a policy or program has been successful in achieving its goals. To be compelling and convincing, quantitative evidence must be used carefully and appropriately.

Evaluation arguments are frequently employed in academic and scientific contexts, such as social and health sciences. The essential element of evaluation argumentation is its use of concrete data and empirical evidence to support an argument for or against a particular course of action, program, or policy.

To create an effective evaluation argument, one must provide a detailed and relevant discussion of the issue, facts, and information in support of the case, followed by an analysis of the results. Quantitative evidence, often derived from scientific studies and surveys, is required to provide support and substantiate claims made in an evaluation argument.

A well-designed and executed research plan, combined with a thorough review of existing literature, can provide the necessary evidence to support an evaluation argument. Furthermore, a well-crafted evaluation argument should provide a balanced account of the advantages and disadvantages of a particular program or policy.

To provide a balanced account of the advantages and disadvantages of a particular program or policy, one should weigh the available evidence and account for potential biases in the data. This way, the evaluation argument provides a well-rounded view of the issue at hand.

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