Based on the provided information, there are several relevant facts and concerns to consider in evaluating the loan request for JW's Grill:
Business Background: JW's Grill is a long-established business in Knox Town and has been a customer of Knox Community Bank for the past five years. They have strong community relationships and are actively involved in local sponsorships.
Renovation and Repairs: Mark and Leena, the new owners, have identified the need for electrical repairs and renovation of the premises due to changes in safety standards. They have provided itemized costs for the renovation, including electrical repairs, new flooring, chairs, cash register, repainting, and miscellaneous expenses, totaling $155,500.
Financial Position: The balance sheet and profit and loss summary of JW's Grill indicate a fluctuating financial performance. While sales have decreased over the years, the net profit has also decreased. The net current assets show a positive trend, and the business has a mortgage loan as a long-term liability.
Ratios and Other Information: The provided ratios show a decline in current ratio, acid test ratio, and net margin, indicating potential liquidity and profitability concerns. However, the interest cover ratio has improved.
Recommendations:
Evaluate Repayment Ability: Assess the ability of JW's Grill to generate sufficient cash flows to repay the loan. Consider the declining sales and profitability trends and the impact of the renovation on the business's ability to generate revenue during the closure.
Collateral or Guarantees: Determine if JW's Grill can provide adequate collateral or personal guarantees to mitigate the risk associated with the loan.
Financial Projections: Request updated financial projections to assess the business's expected performance after the renovation and repairs. This will provide insight into the potential profitability and sustainability of JW's Grill.
Review Renovation Costs: Carefully analyze the itemized costs for the renovation to ensure they are reasonable and necessary for compliance with safety standards and business improvement.
Based on a comprehensive evaluation of the above factors and risk assessment, a decision can be made on whether to lend the requested amount or consider alternative financing options.
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What is one of the benefits related to economic equity?.
Answer:
Equity-enchancing policies,particularly such investment in human capital as education,can,in the long run,boost economic growth,which in turn has been shown to alleviate poverty....policies that promote equity can boost social cohesion and reduse political conflict.
Explanation:
hope it helps
calista works as an it manager for an engineering firm. when it comes time to replace the company's computers, the firm's president gives calista a budget and tells her to pick computers that will best suit the company's needs. this is an example of making a decision through group of answer choices
This is an example of decentralized decision-making. It can promote efficiency, innovation, and accountability within an organization.
Decentralized decision-making refers to the process of delegating decision-making authority to lower-level employees or departments within an organization. In this scenario, the firm's president has given Calista, the IT manager, the responsibility to select computers that best suit the company's needs within the allocated budget. By delegating this decision to Calista, the president is allowing her to use her expertise and knowledge to make the most suitable choice for the company.
Decentralized decision-making can empower employees, like Calista, to make decisions that align with their expertise and the specific needs of their department or area of responsibility. It can promote efficiency, innovation, and accountability within an organization.
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Each of the following represents an installment loan EXCEPT… A) Home mortgage B)Auto loan C)Student loan D)Credit card
All the items represents the installment loan except credit card. Thus, option (D) is correct.
What is loan?
Loan refers to the amount borrowed by the individual from the bank or any of the financial institute in order to carry down an activity which requires certain amount of funds. Moneylenders also provides the loan facilities to the people and charges the high rate of interest in return.
Home mortgage, Auto loan, Student loan are all the type of the loan facilities provided under certain categories. Therefore, it can be concluded that option (D) is correct.
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now suppose the government gives a $30 subsidy to buyers and $10 tax on sellers. what is the deadweight loss after the tax and subsidy?
The deadweight loss after the tax and subsidy is $500.
To calculate the deadweight loss after a tax and subsidy, we need to compare the market equilibrium before and after the tax and subsidy are imposed.
Assuming that the tax and subsidy are equal to the difference between the original equilibrium price and the new price, we can calculate the new equilibrium price and quantity. Let's assume that the original equilibrium price and quantity were $50 and 100 units, respectively.
With a $30 subsidy to buyers, the new demand curve shifts upward by $30. This creates a new equilibrium point at a price of $70 and a quantity of 120 units.
With a $10 tax on sellers, the new supply curve shifts upward by $10. This creates a new equilibrium point at a price of $80 and a quantity of 110 units.
The deadweight loss is the loss of consumer and producer surplus that results from the tax and subsidy. It can be calculated as the area of the triangle between the original equilibrium point, the new demand curve, and the new supply curve.
Using the formula for the area of a triangle, the deadweight loss can be calculated as:
(1/2) x (100-110) x ($70-$50) = $500
Therefore, the deadweight loss after the tax and subsidy is $500.
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the behavioral approach to leadership studies what managers actually do on the job. group of answer choices true false
The statement the behavioral approach to leadership studies what managers actually do on the job is true because it involves attempts to measure the categories of behavior that are characteristic of effective leaders.
The style theory, as it is sometimes known, contends that successful leaders can be developed through teachable behaviour rather than being born with it. The behavioural theory of leadership, also known as the style theory, focuses on patterns of behaviours, categorised as 'styles of leadership'. Task-oriented, people-oriented, status-quo, and dictatorial leaders are some examples of leadership philosophies. The behavioural approach offers creative, complementary, and typically affordable solutions for policy improvement.
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If real gdp per capita in the united states is $8,000 in 2022, and if real gdp per capita is $12,000 in 2032, what is the total percent change in the growth rate of gdp per capita between 2022 and 2032?
To calculate the total percent change in the growth rate of GDP per capita between 2022 and 2032, we need to use the formula for the compound annual growth rate (CAGR). The formula for CAGR is ((Ending Value/Beginning Value)^(1/Number of Years))-1.
So, using the values given in the question, we can calculate the CAGR as ((12,000/8,000)^(1/10))-1. This gives us a CAGR of 4.1%.
Therefore, the total percent change in the growth rate of GDP per capita between 2022 and 2032 is 41% (calculated by multiplying the CAGR by 10 years).
This means that the real GDP per capita in the United States is expected to grow by 41% between 2022 and 2032. This growth rate is a positive sign for the economy, as it indicates that the country is becoming more prosperous and people are becoming wealthier. This growth could be driven by various factors, such as technological advancements, increased productivity, and investment in infrastructure and education.
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Which qualifications are most helpful for Foreign Service careers? Check all that apply.
foreign language skills
stress-management skills
design skills
independence
math skills
adaptability and flexibility
The main qualification needed for Foreign Service careers includes
foreign language skillsstress-management skillsadaptability and flexibility.A typical Foreign Service careers includes any job that required the employees to be present in the foreign country.
The main qualification needed for Foreign Service careers includes foreign language skills, stress-management skills, adaptability and flexibility.
In conclusion, the Option A, B and F is correct.
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Answer:
A. B. F.
Explanation:
Edge
True or false: the supply chain is a one-way process that runs directly from raw materials to the end customer.
true the supply chain was created to be efficient
In 2004, hurricanes destroyed a large portion of Florida's orange and grapefruit crops. In the market for citrus fruit,
A. the demand curve shifted to the left resulting in a decrease in the equilibrium price.
B. the supply curve shifted to the right resulting in an increase in the equilibrium price
C. the demand curve shifted to the right resulting in an increase in the equilibrium price.
D. the supply curve shifted to the left resulting in an increase in the equilibrium price.
The demand curve shifted to the left resulting in a decrease in the equilibrium price in the market for citrus fruit, in 2004, hurricnes destroyed a large portion of Florida's orange and grapefruit crops.
The correct answer is A. When hurricanes destroyed a large portion of Florida's orange and grapefruit crops, the supply of citrus fruits decreased. As a result, the supply curve shifted to the left. This caused the equilibrium price to increase. However, the decrease in supply also affected the demand for citrus fruits.
With less supply, the demand for citrus fruits decreased as well. This caused the demand curve to shift to the left, resulting in a decrease in the equilibrium price.
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Lowering the shopping cart abandonment rate is a reliable way to improve conversion rates. Which of the following actions is most likely to decrease shopping cart abandonment?
-Add more steps to the payment process.
-Streamline the payment process.
-All of the above.
-None of the above.
Streamlining the payment process is most likely to decrease shopping cart abandonment. So, the correct option is "Streamline the payment process."
This can be achieved by simplifying the checkout process, eliminating unnecessary steps, reducing the number of required fields, offering multiple payment options, and displaying shipping costs upfront. Research shows that a lengthy and complicated checkout process is one of the top reasons for shopping cart abandonment.
By making it easier and more convenient for customers to complete their purchase, businesses can reduce the likelihood of cart abandonment and increase their conversion rates. Adding more steps to the payment process, on the other hand, is likely to frustrate customers and lead to higher cart abandonment rates.
Therefore, streamlining the payment process is a reliable way to improve conversion rates and increase sales.
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Problem 22-14 I Joe has now been released from his government job. Based on his excellent performance, he was able to land a job as production scheduler in a brand-new custom refinishing auto service shop located near the border. Techniques have improved in the several years he was out of cleculation, so processing times are considerably faster. This system is capable of handling 10 cars per day. The sequence now is customizing first, followed by repainting. CUSTOMIZING PAINTING CUSTOMIZING PAINTING CAR TIME (HOURS) (HOURS) CAR TIME (HOURS) CHOURS) 2.4 0.9 33 0.8 17 1.9 1.5 26 UN 1 2 3 4 3.9 3.0 07 17 16 05 18 65 in G 6 7 8 9 10 23 33 0.5 16 1.5 Determine the order of selection and in what sequence should Joe schedule the cars? Note: be sure to enter the POSITION of each car in the sequence, NOT the sequence of cars. Car Position in Sequence 1.9 Determine the order of selection and in what sequence should Joe schedule the cars? Note: be sure to enter the POSITION of each car in the sequence, NOT the sequence of cars. Car Position in Sequence Cor 1 Car 2 Car 3 Car 4 Car 5 Car 6 Car 7 Car 8 Car 9 Car 10
Using the Shortest Processing Time algorithm, Joe should schedule the cars in the following sequence: Car 1, 5, 2, 9, 4, 8, 3, 6, 7, 10, to minimize processing time for each car and maximize the number of cars that can be handled per day.
Based on the given data, Joe needs to schedule the cars for customization and repainting in such a way that the processing time for each car is minimized while also ensuring that the maximum number of cars can be handled each day.
To determine the optimal scheduling sequence, Joe can use a scheduling algorithm such as the Shortest Processing Time (SPT) or Earliest Due Date (EDD) algorithm. The SPT algorithm schedules the jobs in order of their processing time, whereas the EDD algorithm schedules the jobs in order of their due date.
In this case, since there are no due dates provided for the cars, Joe can use the SPT algorithm. Using this algorithm, Joe should schedule the cars with the shortest customization processing time first, followed by the shortest repainting processing time.
Following this algorithm, the sequence in which Joe should schedule the cars is as follows:
Car 1, Car 5, Car 2, Car 9, Car 4, Car 8, Car 3, Car 6, Car 7, Car 10.
Car 1 has the shortest customization processing time of 1.9 hours, followed by Car 5 with a processing time of 3 hours. After these two cars, Joe can schedule Car 2 with a processing time of 2.4 hours, followed by Car 9 with a processing time of 2.5 hours.
Next, Joe should schedule Car 4 with a processing time of 3.9 hours, followed by Car 8 with a processing time of 6.5 hours. After these cars, Joe should schedule Car 3 with a processing time of 7 hours, followed by Car 6 with a processing time of 17 hours, and Car 7 with a processing time of 18 hours. Finally, Joe can schedule Car 10 with a processing time of 23 hours.
This scheduling sequence ensures that Joe maximizes the number of cars that can be processed each day while minimizing the processing time for each car.
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i have a brainlest for anybody if the can tell me who won the wwe champoinship in 1996
Recommend ONE strategy a manager could implement to reconcile the conflicting interests of the business with society.
Answer:
To succeed in reconciling the conflicting interests of stakeholders a business needs competent, informed, ethical, and socially responsible managers.
Most advertising spending is directed to _____.
Answer:
the internet
Explanation:
uestion 1 (1 point) One way to practice your entrepreneurial skills with a bit of a safety net, perhaps until you discover the business you want to start or build up the savings you need do it, is to find a career that uses the same kind of hustle and drive to get the job done. O True O False uestion 2 (1 point)
Answer:
true.
Explanation:
Skills (hustle, drive) can be adapted to work within each trade, learning the skills is the work that needs to be done. do the work and the skills will follow. Good sales and customer service can be used in many situations, a key to sales is the alternate close, you give the customer two options, they tend to chose one. This works great socially, hey Friend what restaurant do you want to eat at A or B. You can pick both A and B and your friend gets a choice.
Some companies positively harness the power of rumors to multiple choice instill false confidence in investors. replace formal communications. create buzz about a new product launch. deflect interpersonal conflicts. achieve the boundaryless organization.
Some companies positively harness the power of rumors to create buzz about a new product launch. Option C. This is further explained below.
What are rumors?Generally, rumor is simply defined as a tale or report that is now doing the rounds but whose veracity is questionable.
In conclusion, In certain cases, corporations use the power of rumors to promote a new product introduction.
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Erica's Country Furniture sells wooden chairs for $179.49. It buys the chairs from a craft shop for $87.49 each. Its overhead rate is 28%. What is the net profit rate for each chair?
Answer:
60.28%
Explanation:
The selling price per chair = $179.49
buying price per chair = $87.49
the overhead rate is 28%
Actual overheard = 28% x $87.49
=28/100 x 87.49
=0.28 x 87.49
=$24.4972
total cost price per chair = $87.49 + $24.4972
=$111.98
profit per chair
= $179.49 - $111.98
=67.51
Profitability rate = 67.51/111.98 x 100
=60.28%
Franklin corporation issues $97,000, 8%, 5-year bonds on January 1, for $101,370. Interest is paid semiannually on January 1 and July 1. If Franklin uses the straight-line method of amortization of bond premium, the amount of bond interest expense to be recognized on July 1 is
Answer:
$3,006
Explanation:
Bond issue = $97,000
Interest rate = 8%
Bond value sold = $101,370
Time period 5 years
N.B The premium will have to be to be discounted from the interest expense because Franklin corporation sold the bond at a value higher than the face value i.e premium value.
Therefore;
Coupon = $97,000 × 8% × 1/2
= $3,880
Amortization of bond premium = ($101,370 - $97,000) /5 years period
= $4,370/5
= $874
Total interest expense
= $3,880 - $874
= $3,006
What is the common trait of all computer crimes?
A.
Damage done to computer technology belonging to others
B.
The theft of classified electronic information
C.
Remote access of someone else's computer workstation
D.
The use of computer technology to commit the crime
A common trait of all computer crimes is that it involves: D. the use of computer technology to commit the crime.
What is a computer crime?A computer crime is also referred to as cybercrime and it can be defined as a type of crime that typically involves the use of a computer and Internet to gain an unauthorized access to the personal resources of vulnerable (unsuspecting) users
This ultimately implies that, a common trait of all computer crimes is that it involves the use of computer technology to commit the crime such as stealing sensitive user data.
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1. A computer game that can be purchased online and played right away has good ___ utility. A) form. B) info. C) value. D) time 2. Hours of labor or number of workers are common ways of measuring a company's ___. . A) division of labor. B) productivity. C) use of technology. D) diminishing returns
1. A computer game that can be purchased online and played right away has good "time" utility. Option D) time.
Time utility refers to the value or satisfaction that consumers derive from the availability of a product at the right time. In the case of a computer game that can be purchased online and played immediately, it provides convenience and instant gratification, which enhances its time utility.
2. Hours of labor or number of workers are common ways of measuring a company's "productivity." Option B) productivity.
Productivity is a measure of how efficiently resources, such as labor and capital, are utilized to produce output. Hours of labor or the number of workers can be used as indicators of productivity, as they reflect the input of labor resources in relation to the output produced. Higher productivity is generally associated with producing more output with the same or fewer resources.
Therefore, a computer game with immediate accessibility provides good time utility, as it satisfies consumers' desire for instant gratification. Additionally, measuring a company's productivity often involves assessing the hours of labor or the number of workers employed, as these metrics reflect the efficient utilization of labor resources in the production process.
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Harris tree owns and operates a gaming center and completed the following transactions during April 2021, its first month of operations. Journalize the transactions
Recording the date, the accounts you're debiting or crediting from, and a short description of the transaction itself are all parts of keeping track of all your commercial transactions, or journalizing them.
How do you Journalize and post transactions?A business transaction is journalized when it is recorded in accounting records. Maintaining records calls for commitment and knowledge, especially for accountants. Every business process is documented chronologically in a journal, commonly referred to as a Book of Original Entry.
Identifying the account as well as the type of account is the first step. Choosing whether each account increases or decreases is the second stage. The third step is to journalize the transaction. Accumulated depreciation is the entire amount of depreciation and amortisation that has been applied to an asset since it was first used.
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HELP PLEASE
Which describes the difference between secured and unsecured credit?
Secured credit is backed by an asset equal to the value of a loan, while unsecured credit is not guaranteed by a material object.
Unsecured credit is backed by an asset equal to the value of a loan, while secured credit is not guaranteed by a material object.
Secured credit is risky because banks cannot seize assets, while unsecured credit is less risky because it is backed by material objects.
Unsecured credit enables lenders to seize an asset if a loan is not paid, while secured credit prohibits lenders from taking material objects.
The difference between secured and unsecured credit is secured credit is backed by an asset equal to the value of a loan, while unsecured credit is not guaranteed by a material object.
What is secured and unsecured credit?Secured credit is when a loan is backed by a collateral. The collateral is usually an asset owned by the borrower. An example is a home.
Unsecured credit is a credit that is not backed by any asset. An example of unsecured credit is a credit card. Unsecured credit is more risky and thus it has a higher rate of interest.
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Answer:
The answer is A!
the idea that all tax measures should start in the house was made to appease
The idea that all tax measures should start in the House of Representatives was established in the U.S. Constitution as a way to appease concerns about the balance of power between the federal government and the states.
The Founding Fathers wanted to ensure that the House, which was directly elected by the people, had a greater say in the creation of revenue-raising measures than the Senate, which was originally intended to represent the interests of the states. By granting the House the power to originate tax bills, the Constitution helped to address fears that the federal government would become too powerful and trample on states' rights. Today, this system remains in place as a key feature of the U.S. legislative process, ensuring that all tax-related decisions are subject to robust debate and scrutiny before they become law.
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10. Amy is excited because she just opened her own consulting firm. Amy loves being her own
boss and not having to consult with anyone else before she makes decisions. Eventually, she
even hopes to incorporate and enjoy some additional tax advantages. The only downside is
that she has invested all the money herself. If the business fails, she could go bankrupt. What
kind of business does Amy own?
A) Sole proprietorship
B Partnership
c) Cooperative
D) Corporation
A sole proprietorship is the kind of business does Amy own. Thus, option 'A' is the correct option.
What is a sole proprietorship?A sole proprietorship is a form of business that is owned and operated by one person and in which there is no legal separation between the owner and the business entity. It is also referred to as a lone tradership, individual entrepreneurship, or proprietorship. A solo proprietor may hire staff members and does not always operate alone.
The sole proprietor is solely responsible for all losses and obligations and receives all gains (subject to business-specific taxes). The owner of the firm is the owner of all of the company's assets and is also responsible for all of the company's obligations. In contrast to a partnership, which has at least two owners, it is a "single" proprietorship.
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Should executive orders by presidents be curtailed by Congress and/or the judicial branch to reinforce the separation of powers desired and created by the Framers, or have times changed and do we need a system in which a president that can exert her (hopefully someday) will on government policy, especially civil rights. more forcefully and rapidly than intended by the framers?
The use of executive orders by presidents has been a source of debate and controversy in American politics.
While some argue that executive orders are necessary for a president to exert their will on government policy, others argue that they can be used to circumvent the separation of powers and undermine the checks and balances system created by the Framers.
In order to reinforce the separation of powers and prevent the abuse of executive power, it may be appropriate for Congress and the judicial branch to curtail executive orders by presidents. This would help to ensure that the legislative and judicial branches of government have a meaningful role in shaping and overseeing government policy, and would help to prevent the accumulation of excessive executive power.
However, there may be situations where a president needs to act more forcefully and rapidly than intended by the Framers, particularly in the area of civil rights. In such cases, executive orders may be a necessary tool for addressing urgent issues and advancing the cause of civil rights.
Ultimately, the use of executive orders by presidents should be carefully considered and balanced against the principles of separation of powers and checks and balances. While there may be times when executive orders are necessary, they should not be used to circumvent the authority of Congress or the judicial branch, or to accumulate excessive executive power.
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the best use of the money saved when you buy term versus cash-value life insurance is for
The best use of the money saved when you buy term versus cash-value life insurance is for investing in other assets such as a retirement account or a diversified investment portfolio.
Term life insurance is generally less expensive than cash-value life insurance, which means that the money saved on premiums can be put towards other financial goals. Investing in these assets can provide long-term growth and security for you and your family's financial future. Additionally, it's important to have a comprehensive financial plan that takes into account your individual goals and needs to ensure that you are making the most of your money.
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1. Define Trade, Import and Export
2. List items the U.S. imports and exports.
Answer:
food and clothing
Explanation:
import is to bring things from a different country for sale. export is to give things to a different country or place for sale. trade is to transfer or exchange something from a different country.
1. Your friend asks to borrow $50 and offers to pay you back with interest. What factors
would you consider in your decision to accept or decline their request?
The factors that you have to think about would before giving out the loan would be the following:
The loan periodThe ability to pay back the loanThe interest that is on the loanHow the money is to be returned.What is a loan?This is the term that is used to refer to an amount of money that would be given to a person that is the borrower by the lender for a period pf time and for them to pay back with interest.
To be able to determine if you are to give out a loan, you have to take the ability of the person to pay you back the amount as a fator.
Also you have to check the character of the person that you are to loan the money to.
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A ______ is a group of employees, selected for their expertise, who come together on a temporary basis to bring about a particular change in an organization.
Use the following information for Multiple Choice Questions 7-4, 7 5 and 7-6 Cox Inc. acquired a machine for $800,000 on January 1, 2019. The machine has a salvage value of $20,000 and a 5- year useful life. Cox expects the machine to run for 15,000 machine hours. The machine was actually used for 4.200 hours in 2019 and 3,450 hours in 2020 7-4. Refer to the information for Cox Inc. above. What would be the balance in the accumulated depreciation account at December 31, 2020, if the straight line method were used? a. $156,000 b. $160,000 c. $312,000 d. $328,000
If the cost of the machine is $800000 , salvage value is $20000 and it is used for 5 years then the balance in the accumulated depreciation account at December 31,2020 is $156000 which is option a.
Given that the cost of the machine is $800000 , salvage value is $20000 and it is used for 5 years and straight line method of depreciation is used.
We are required to find the balance in the accumulated depreciation account at December 31,2020.
According to straight line method of depreciation the annual depreciation is as under:
Depreciation=(Cost of machine-Salvage value)/Life of machine
=(800000-20000)/5
=$156000
Hence if the cost of the machine is $800000 , salvage value is $20000 and it is used for 5 years then the balance in the accumulated depreciation account at December 31,2020 is $156000 which is option a.
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