Answer:
Weak.
Explanation:
In the given scenario, the case is weak because Andy cannot sue the manufacturer company for negligence.
it is because Andy is driving a 20-year-old boat. So, Andy cannot prove that the corrosion was due to manufacturing defect. The possibility of corrosion must be the wearing or tearing away of the boat.
Normally, material corrodes if not taken care of properly or due to a long lifespan.
Therefore, the case of Andy against the product manufacturer is weak.
Operations Excellence (OE), Inc. has two production departments: Mixing and Packaging. Mixing DepartmentPackaging DepartmentWarehouseOE manufactures two products: Compound H and Compound L. Compound H is a high-end product that requires more expensive materials than Compound L and is produced at smaller volume. The two products go through the two production departments in essentially the same conversion processes. There is no work-in-process inventory for either product. OE uses an operation costing system that assigns materials cost to the specific product for which the underlying materials are used and assigns conversion costs to all products evenly as each product undergoes the same process in each production department. The production and cost data are available for July:Compound HCompound LTotal2,500 Units4,800 UnitsMaterials: Mixing$220,000$100,000$120,000 Packaging 75,900 37,500 38,400Total materials cost$295,900$137,500$158,400Conversion: Mixing$219,000 Packaging 131,400Total conversion cost$350,400Required: Determine the unit cost for Compound H and Compound L.
Answer:
Operations Excellence (OE)
The unit cost for Compound H and Compound L respectively is:
Compound H Compound L
Unit cost of production $103 $81
Explanation:
Production and cost data are available for July:
Total Compound H Compound L
Production units 7,300 2,500 4,800
Materials:
Mixing $220,000 $100,000 $120,000
Packaging 75,900 37,500 38,400
Total materials cost $295,900 $137,500 $158,400
Conversion:
Mixing $219,000
Packaging 131,400
Total conversion cost$350,400
Assigned conversion cost per unit = $48
Assignment of conversion costs: 120,000 230,400 (4,800 * $48)
Total production costs $646,300 $257,500 $388,800
Units produced 7,300 2,500 4,800
Unit cost $103 $81
Taylor owns a boutique and needed to compute her inventory of all the scarves and jackets. She had 35 scarves on the floor and five in the storeroom. She had 15 jackets on the floor and eight more in the storeroom. Sally purchased each scarf for $28 and each jacket for $95. The weighted average unit cost of scarves and jackets being sold is:________
a. $54.63
b. $61.50
c. $48.70
d. $52.46
Answer:
d. $52.46
Explanation:
The computation of the weighted average unit cost of scarves and jackets being sold is shown below:
Taylor Scarves Jacket Total Note
Floor 35.00 15.00
Storeroom 5.00 8.00
Total 40.00 23.00 63.00 A
Purchase price $28.00 $95.00 B
Purchase cost $1,120.00 $2,185.00 $3,305.00 C = (A × B)
Weighted average unit cost $52.46 (C ÷ A)
hence, the option d is correct
Deazia is the sole proprietor of Baldwin Hair Salon that reported net income of $44,000 for the year. During the year she withdrew $20,000 from the business for personal use. How much income from the above must Deazia include in her gross income for the year
Answer:
$44,000
Explanation:
Based on the given information we were told that the sole proprietor reported NET INCOME of the amount of $44,000 for the year which means that the amount of income from the above that Deazia must include in her GROSS INCOME for the year will be the reported NET INCOME amount of $44,000.
Which of the following statements is not correct? Multiple Choice After the reversing entry is posted for the adjustment made to recognize the salaries expense at the end of the accounting period, the Salaries Expense account will have a zero balance and the Salaries Payable account will have a credit balance. Reversing entries are made to reverse the effect of certain adjustments. Reversing entries provide a way to guard against oversights, eliminate the review of accounting records, and simplify the entry made in the new period. A reversing entry is the exact opposite (the reverse) of the adjustment.
Answer:
A)After the reversing entry is posted for the adjustment made to recognize the salaries expense at the end of the accounting period, the Salaries Expense account will have a zero balance and the Salaries Payable account will have a credit balance
Explanation:
Reversing entry can be regarded as
a journal entry which is been made during an accounting period, it
reverses selected entries that is been made during immediately preceding period. reversing entry typically take placeat the beginning of particular accounting period.
It should be noted thatReversing entries are;
1) made to reverse the effect of certain adjustments.
2) provide a way to guard against oversights, eliminate the review of accounting records, and simplify the entry made in the new period.
3)is the exact opposite (the reverse) of the adjustment.
Unger has the following third party and intersegment revenue for its 10 operating segments Third party revenue $5,000,000 Intersegment revenue $1,000,000 Unger must disclose enough segments so that: a. The sum of the intersegment revenues of the disclosed segments exceeds $3,750,000. b. The sum of the third party revenues of the disclosed segments exceeds $3,750,000 c. The sum of the third party and intersegment revenues of the disclosed segments exceeds $4,500,000 d. The sum of the third party and intersegment revenues of the disclosed segments exceeds $3,750,000 e. The sum of the third party revenues of the disclosed segments exceeds $4,500,000
Answer:
Unger
Unger must disclose enough segments so that:
b. The sum of the third party revenues of the disclosed segments exceeds $3,750,000
Explanation:
a) Data and Calculations:
Sales revenue to third parties = $5,000,000
75% of the consolidated revenues across all operating segments = $3,750,000 ($5,000,000 * 75%)
Intersegment sales revenue = $1,000,000 (this is not included in the 75% test)
b) According to GAAP requirements (75% test), the combined revenues earned by sales to third party customers in the separately reportable operating segments must be at least 75 percent of the total consolidated revenues ($5,000,000 * 75%) across all operating segments, which is equal to $3,750,000.
Migration from Europe to the United States during 1870-1913 did the following to the factor prices in the U.S. It increased the rewards of labor and land. It increased the reward of labor and reduced the reward of land. It increased the reward of land and reduced the reward of labor. It reduced the rewards of land and labor. The migration of Indian origin workers from Fiji to Australia in the 1980s did which of the following?
a) It increased the wage in Australia
b) It reduced the wage in Fiji
c) It increased the schooling of workers left behind in Fiji
d) It increased the rent of land in Fiji
Answer:
It increased the reward of land and reduced the reward of labour.
c
Explanation:
Migration can be described as the movement from one country or region to another country or region.
Migration of labour from Europe to the United States would increase the supply of labour in the United States and reduce the supply of labour in Europe.
As a result of the increase in supply of labour , there would be a decrease in the wages paid to labour.
Also, due to increase in labour in the US, the demand for land would increase. Land would be needed for either economic activities or housing. the increase in demand for land which would outstrip the supply for land would lead to an increase in the price of land
As a result of the migration of labour from Fiji to Australia ,
the rent of land in Fiji would fall due to decreased demandthe wages paid to labour in Australia would fall due to an increase in the supply of labour the wages paid in Fiji would increase because there would be a fall in the supply of labourCompany FIN3610-FTRA has a six-year project that requires an initial investment of $30,000. Every year, the project will pay fixed costs of $20,000 to produce the product. Also, we know that the variable costs per unit will be $36, and the price per unit will be $58. The required return is 10%. Please calculate the financial break-even quantity for this project. (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.)
Answer:
909.09
Explanation:
Breakeven quantity are the number of units produced and sold at which net income is zero
Breakeven quantity = fixed cost / price – variable cost per unit
$20,000 / 58 - 36 = 909.09
If the reserve requirement was 13% and a bank customer makes a deposit of $440 at the Springfield Bank, the initial result would be: Group of answer choices
Answer:
O a $382.8 increase in excess reserves and a $57.2 increase in required reserves.
Explanation:
Here is the complete question :
If the reserve requirement was 13% and a bank customer makes a deposit of $440 at the Springfield Bank, the initial result would be:
O a $57.2 increase in excess reserves and a $382.8 increase in required reserves.
O a $382.8 increase in excess reserves and a $57.2 increase in required reserves.
O a $57.2 increase in required reserves and a $2,944.6 increase in excess reserves.
O a $440 increase in required reserves and a $2.944.6 increase in excess reserves.
Reserves is the total amount of a bank's deposit that is not given out as loans
There are two types of reserves
Required reserveExcess reserveRequired reserves is the percentage of deposits required of banks to keep as reserves by the central bank
Required reserves = reserve requirement x deposits
0.13 x $440 = $57.20
Excess reserves is the difference between reserves and required reserves
$440 - $57.20 = $382.80
Even in these times of social media and digital content some of the old ways of promotion can still be effective. Identify two strengths and two weaknesses of each major advertising medium: newspapers, television, direct mail, radio, magazines, and outdoor display.
Answer:
Newspaper Advertising
STRENGHTS:
I. Wide reach/coverages
II. Cheap and easily affordable
WEAKNESS:
I. Can easily be destroyed
II. Iliterates can not be able to read its contents.
TELEVISION
STRENGHTS
I. Wider reach/coverage
II. Very attractive and understandable.
WEAKNESSES
I. Very expensive to maintain
II. May not be available to the poor.
DIRECT MAIL
STRENGHTS
I. Focused audience
II. High response rate
WEAKNESSES
I. Too expensive to maintain
II. May not have a wide reach.
RADIO
STRENGHTS
I. Wider reach/coverage
II. Easily accessible and affordable
WEAKNESSES
I. Expensive to maintain especially to the advertising organisation
II. Signal/connection issues.
MAGAZINE
STRENGHTS
I. attractive with colorful eye-catching pictures
II. Can easily understood by users.
WEAKNESSES
I. Magazines are usually very expensive than newspapers
II. Can easily be destroyed.
OUTDOOR DISPLAY
STRENGHTS
I. Very attractive with eye-catching pictures
II. Easily accessible with wider reach.
WEAKNESSES
I. Very expensive to maintain
II. Not focused/ not targeted at audience.
III. Waste coverages
Explanation:
Advertisement agencies are utilising several means of communication and marketing to their customers as described above those means has been fully utilized.
Newspaper Advertising is very affordable and can be easily accessible to the local population while it is easier to destroy or misplaced and also it can not be utilised by illustrates who can not read.
Television advertising is one of the most attractive as it contains pictures that can be attractive to its audience and also it has a wide coverage, it also has certain weaknesses which includes the cost of maintaining etc.
Outdoor advertising is also very attractive to the audience and it has a wide coverage as everyone making use of road can be easily reached. Some of the weaknesses of outdoor advertising includes the cost of sustaining it and also waste coverages as many audience may not need or desire the product being displayed.
Brookman Inc's latest EPS was $2.75, its book value per share was $22.75, it had 325,000 shares outstanding, and its debt/total invested capital ratio was 44%. The firm finances using only debt and common equity and its total assets equal total invested capital. How much debt was outstanding? Do not round your intermediate calculations.
Answer: $5,809,375
Explanation:
The outstanding debt will be calculated thus:
Firstly, we'll calculate the total equity which will be:
= Shares outstanding × Book value per share
= 325000 × $22.75
= $7,393,750
Total assets = Total equity/(1 - Debt ratio) = $7,393,750/(1 - 44%)
= $13,203,125
Total Debt will now be:
= Total assets - Total equity
= $13,203,125 - $7,393,750
= $5,809,375
Therefore, Outstanding debt is $5,809,375.
Kahn Performance Nutrition produces a protein shake that contains whey protein as one of its ingredients. The whey protein (materials) standards for each batch of protein shake produced are 12 pounds of whey protein at a standard cost of $3 per pound. During July, Kahn Performance Nutrition purchased and used 54,000 pounds of whey protein at a total of $170,000 to make a total of 4,300 batches of protein shake. What is the materials quantity variance for whey protein in July?
Answer:
The correct answer is "-$7200 (Unfavorable)".
Explanation:
Given:
Actual quantity,
= 54000 pounds
Standard price,
= $3 per pound
Standard quantity,
= [tex]4300\times 12[/tex]
= [tex]51600 \ pounds[/tex]
As we know,
⇒ [tex]Material \ quantity \ variance=(Standard \ quantity-Actual \ quantity)\times Standard \ price[/tex]By substituting the values, we get
⇒ [tex]=(51600-54000)\times 3[/tex]
⇒ [tex]=(-2400)\times 3[/tex]
⇒ [tex]=-7200 \ (Unfavorable)[/tex]
Alyssa finds a job description for an interesting retail position. The job description indicates exactly what department of the store she would be responsible for and what her duties would be. The ad describes good opportunities for advancement within the retail area, so she could become the managing retail director for her department. However, she would not be able to move into finance or production. This is an example of which organizational strategy?
Answer:
Work specialization
Explanation:
From the question, we are informed about Alyssa who finds a job description for an interesting retail position. The job description indicates exactly what department of the store she would be responsible for and what her duties would be. The ad describes good opportunities for advancement within the retail area, so she could become the managing retail director for her department. However, she would not be able to move into finance or production. This is an example of Work specialization organizational strategy. Work specialization can as well be regarded as division of labor, it can be explained as the degree to which individual tasks is divided into separate jobs by an organization.The advantages of work specialization is that it helps Employees to become
expert to some extent of degree as regards their specific task, another one is Higher levels of productivity.
Businesses rely on information to manage ________ that cuts across and supports the entire organization.
Answer:
customer services.
Explanation:
CRM is an acronym for customer relationship management and it typically involves the process of combining strategies, techniques, practices and technology so as to effectively and efficiently manage their customer data in order to improve and enhance customer satisfaction. Thus, this employees are saddled with the responsibility of ensuring the customer are satisfied and happy with their service at all times.
This ultimately implies that, customer relationship is focused on developing an ongoing connection between a business firm (organization) and all of its customers, as well as potential customers.
Hence, businesses generally rely on information to manage customer services that cuts across and supports the entire organization.
In conclusion, the degree of satisfaction received by customers throughout their lifecycle is largely dependent on customer relationship management and as a significant level of impact on a business such as in sales revenue and profits.
Coronado Industries has the following costs when producing 100000 units: Variable costs $600000 Fixed costs 900000 An outside supplier has offered to make the item at $4.50 a unit. If the decision is made to purchase the item outside, current production facilities could be leased to another company for $178000. The net increase (decrease) in the net income of accepting the supplier’s offer is
Answer:
Particulars Amount
Saving in variable costs $600,000
Add: Income from lease $178,000
Less: Purchase price (100000*$4.50) ($450,000)
Increase (Decrease) in net income $328,000
Thus, net income would increase by $628,000.
Marissa gives Larry a check in payment for a computer that she is buying from him. She writes the check to Cash. Larry then gives the check to Gary Graduate his nephew, without indorsing it, as a graduation gift. Marissa then stops payment on the check because she claims that Larry breached the contract. When the check bounces, Gary makes a claim against Marissa for the amount of the check. Marissa responds that Gary cannot collect on the check since Larry breached the contract. What type of defense is this
Answer: personal
Explanation:
Based on the information given with regards to the question, this is a personal defense. A personal defense occurs when there's a breach of contract whereby there was issuing of the negotiable instrument.
In this case, Marissa writes the check to Cash but Larry then gives the check to Gary Graduate his nephew, without indorsing it, as a graduation gift
Management by exception is a practice whereby managers focus more closely on ________. Group of answer choices areas not operating as anticipated and less closely on areas that are operating as anticipated activity-based budgeting variances in the larger departments unfavorable variances
Answer:
Unfavorable variances because of their negative impact on profits.
Explanation:
Management by exception would refer the business management where it can focused on the identifying and handling the situations that could deviate from the norms, and suggested to a best practice by the managing of the project method
So here it could create an adverse variance of the negative effects
Therefore the same would be considered
Considering technological innovations, schools increasingly adopt digital tools and promote online environments for learning.
a. True
b. False
Answer:
A
Explanation:
Technological innovations are been increasingly adopted in schools.
examples of technological innovations used in schools are :
Digital readers and tablets. Virtual reality Gamification Use of Biometrics Cloud technology Artificial intelligence Mobile technologyAdvantages of adopting technology in schools include :
It facilitates the learning process and ensures faster retention of what is taughtIt also helps students remember what they were been taught in schools. for example, there are educational game appsAlso, students can get help faster with questions they might have. for example, an app like brainly provides answers and explanation to studentsWith technology, learning can take place outside the four walls of a school. With the pandemic, technology has facilitated learning from home.In the fall of 2008, AIG, the largest insurance company in the world at the time, was at risk of defaulting due to the severity of the global financial crisis. As a result, the U.S. government stepped in to support AIG with large capital injections and an ownership stake. How would this affect, if at all, the yield and risk premium on AIG corporate debt before and after U.S. Government support
• Initially default risk increases, yield increases, price of AIG decreases
• After government intervention, default decreases, yield decreases, price of AIG increases
_________ are for profit organizations that exist primarily to provide customers with consumer credit, including the financing of automobiles and the purchase of durable goods
Answer: Finance companies
Explanation:
Finance company, refers to specialized financial institution that provides credit in order to buy consumer goods and also grant small loans to their consumers. They're different from the commercial banks as they do not accept deposit.
Finance companies can also borrow money from the commercial banks or the Federal Reserve System at a low interest rate and will then lend the monwy out at a higher interest rate.
Pensinger sells 800 units resulting in $9,000 of sales revenue, $3,000 of variable costs, and $1,500 of fixed costs. Contribution margin per unit is ________. (Round the final answer to the nearest cent.) Group of answer choices $11.25 per unit $7.50 per unit $13.75 per unit $5.00 per unit
Answer:
$7.50
Explanation:
Calculation to determine what the Contribution margin per unit is
Using this formula
Contribution margin per unit=Sales revenue-Variable costs/Sales unit
Let plug in the formula
Contribution margin per unit=($9,000 − $3,000) / 800 units
Contribution margin per unit=$6,000/800 units
Contribution margin per unit= $7.50 per unit
Therefore Contribution margin per unit is $7.50
You bought 200 shares of Dr Pepper Snapple Group at $70.67 per share, 100 shares of Home Depot at $111.72 per share, and 50 shares of Tesla Motors at $235.11 per share one year ago. Suppose that the financial data from the same period indicate that Dr Pepper Snapple Group, Inc. stock has a beta of -0.11, Home Depot, Inc. stock has a beta of 1.21, and Tesla Motors, Inc. stock has a beta of 1.4. The risk-free interest rate is 2% and the market risk premium is 6.7%. What is the beta of the portfolio?
A)1.9550
B)1.0935
C)0.7668
D)0.4828
E)0.8307
Answer:
d
Explanation:
Systemic risk is measured by beta. The higher beta is, the higher the systemic risk and the higher the compensation demanded for by investors
The portfolio's beta can be determined by adding together the weighted beta of each stock in the portfolio
weighted beta of a stock = percentage of the stock in the portfolio x beta of the stock
weighted beta of Dr Pepper Snapple Group stock = (200 / 350) x -0.11 = -0.062857.
weighted beta of Home Depot shares = (100/350) x 1.21 = 0.345714
weighted beta of Tesla Motors shares= (50/350) x 1.4 = 0.2
0.2 + 0.345714 -0.062857. = 0.4828
The costs and revenues associated with two alternatives are listed below: Alternative 1 Alternative 2 Projected revenue $ 100,000 $ 125,000 Unit-level costs 20,000 30,000 Batch-level costs 20,000 25,000 Product-level costs 15,000 15,000 Facility-level costs 10,000 10,000 Which alternative should be selected based on this information
Answer:
Alternative 2
Explanation:
Calculation to determine Which alternative should be selected based on this information
Item Alt. 1 Alt. 2
Alt. 1 Alt. 2
Projected revenue $100,000 $125,000
Unit-level costs (20,000) (30,000)
Batch-level costs (20,000) (25,000)
Product-level costs (15,000) (15,000)
Facility-level costs (10,000) (10,000)
Profit $ 35,000 $ 45,000
Thereforer Based on the above calculation the alternative that should be selected based on this information will be ALTERNATIVE 2 because it has a higher profit of the amount of $45,000
An economic transaction in which one party trades a good or service for another good or services is called barter. comparative advantage. absolute advantage. a production possibility.
Answer:
barter
Explanation:
Barter can be regarded as act of trading goods/services involving two or more parties whereby a party provide a goods/services in return for goo/service provided to him/her by another party. It involves system of exchange without using money which means no monetary medium involve. It should be noted that An economic transaction in which one party trades a good or service for another good or services is called barter
A company's sales in Year 1 were $440,000 and in Year 2 were $477,500. Using Year 1 as the base year, the percent change for Year 2 compared to the base year is
Answer:
An apple, potato, and onion all taste the same if you eat them with your nose plugged
Explanation:
The Purpose or objectives of Competition Policy
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Eve shops at Mrs. G's Grocery because it is located right near her place of work. Although Mrs. G's prices are higher than Walmart's, Eve is willing to pay more because she can easily pick up groceries on her way home from work. The convenience Eve received was well worth the extra money; this is an example of _______.
Answer:
This question is incomplete, the options are missing. The options are the following:
a) Value.
b) Hedonic value.
c) Utilitarian value.
d) Perceived value.
And the correct answer is the option D: Perceived value.
Explanation:
To begin with, in the field of marketing the term known as "Perceived Value" refers to the type of value that the customer receives when comparing the product of the company with those of the competitors and seeing that he or she is willing to pay more for that product because of what the customer receives in exchange of it. In this case, Eve is willing to pay extra money due to the fact that she sees the convenience of close by store that allows her to not waste time and buy fast so that is a well example of perceived value.
The convenience that Eve received was well worth the extra money, hence, it is an example of Perceived value.
In marketing, a Perceived Value refers to the type of value that the customer receives when comparing the product of the company with those of the competitors.
Hence, the convenience that Eve received was well worth the extra money, hence, it is an example of Perceived value.
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2019 2018 2017 2016 2015 Sales $ 512,623 $ 332,872 $ 260,056 $ 191,218 $ 142,700 Cost of goods sold 253,785 164,657 130,427 95,547 69,923 Accounts receivable 24,760 19,473 17,814 11,186 9,732 Compute trend percents for the above accounts, using 2015 as the base year.
Answer:
Please find the complete solution in the attached file.
Explanation:
Consider two firms producing smartphones. Firm A uses a highly automated robotics process, while Firm B uses human workers on an assembly line and pays overtime when there is heavy production demand. Firm A and B have a similar amount of financial leverage. Which firm will have a higher beta
Answer:
The firm that will have a higher beta is:
Firm B.
Explanation:
The question here is which firm is more volatile. Since they have a similar amount of financial leverage, Firm B which uses more human workers on its assembly line and pays overtime will appear to be more volatile than Firm A with a highly automated robotics process. Firm B faces risks of labor strikes and other vagaries associated with the use of more labor than the market.
Julie evaluated her spending and found that she was spending about $75 more per month on transportation than she has bodgeted She can transfer money from other categories to increase transportation budget to $250 per month If her total monthly income S1,900 , to the nearest percent, what percent of her monthly income will be budgeted for transportation
Answer:
Julie
The percent of her monthly income that will be budgeted for transportation is:
= 13%.
Explanation:
a) Data and Calculations:
Amount budgeted for transportation = $175
Amount being spent on transportation = $250
Total monthly income = $1,900
Percentage of monthly income that will be budgeted for transportation = $250/$1,900 * 100
= 13.16%
= 13.2%
= 13%
Percentage of monthly income earlier budgeted for transportation = 9% ($175/$1,900 * 100)
The additional spending on transportation represents 4% ($75/$1,900 * 100)
New percentage spending on transportation = 13% (9% + 4%)
At its present level of operations, a small manufacturing firm has total variable costs equal to 75 percent of sales and total fixed costs equal to 15 percent of sales. Based on variable costing, of sales change by $1.00, income will change by
Answer:
$0.25
Explanation:
The change in operating income as a result of the change in sales by $1.00 is equivalent to the additional contribution margin, computed as follow;
Additional sales
$1
Less:
Additional Variable costs ($1 × 75%)
($0.75)
Increase in operating income
$0.25
The amount left over after subtracting variable costs is the contribution margin.
Here, the total fixed cost remains unchanged hence will not be affected due to increase in sales. The fixed costs remains at 15% of sales at the present level of operations. The fixed costs as a percentage of sales will be some value less than 15% after the $1.00 increase in sales value.
The amount of the change in the operating income if sales change by $1 is $0.10.
First step is to calculate the total cost
Total cost= (Total variable costs × Sales) + (Total fixed costs × Sales)
Total cost=(75%×$1.00) + (15%×$1.00)
Total cost=$0.75+$0.15
Total cost=$0.90
Second step is to calculate the change in operating income
Change in operating income = Sales - Total cost
Change in operating income =$1.00-$0.90
Change in operating income =$0.10
Inconclusion the amount of the change in the operating income if sales change by $1 is $0.10.
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