If a tax of $1 a can is imposed on the buyers of sugary drinks, the demand for sugary drinks___ and the price that buyers pay.
A. decreases; rises by more than $1 a can
B. doesn't change; doesn't change
C. decreases; rises by less than $1 a can
D. doesn't change; rises by $1 a can
Answers
If a tax of $1 a can is imposed on the buyers of sugary drinks, the demand for sugary drinks decreases and the price that buyers pay rises by less than $1 a can. Correct option is C.
An excise tax is the tax imposed on a particular commodity by the government. The excise tax can be paid by the manufacturer or producer of the commodity or passed on to the consumer. In this case, a tax of $1 a can is imposed on the buyers of sugary drinks.
The tax falls on the buyers or consumers, and this means that the tax is included in the price paid by the buyers. The imposition of the tax means that the price paid by the buyers of sugary drinks increases. The increase in the price paid by buyers is by an amount that is less than $1 a can.
The exact amount by which the price increases will depend on the price elasticity of demand for sugary drinks. The higher the price elasticity of demand for sugary drinks, the lower the increase in the price paid by buyers. The imposition of a tax on sugary drinks reduces the demand for sugary drinks.
Consumers are likely to switch to substitutes like water, fruit juice, or tea. The extent to which the demand for sugary drinks reduces will depend on the price elasticity of demand for sugary drinks. The higher the price elasticity of demand for sugary drinks, the greater the reduction in the quantity of sugary drinks demanded by consumers.
Therefore, the demand for sugary drinks decreases and the price that buyers pay increases by less than $1 a can. The answer is option C.
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Related Questions
Keynesian analysis stresses that a tax cut that increases the government's budget deficit or reduces its budget surplus:____________
a. will increase the money supply.
b. is appropriate during a period of inflation.
c. will stimulate aggregate demand and, thereby, promote employment.
d. will stimulate aggregate supply and, thereby, promote employment.
Answers
Keynesian analysis stresses that a tax cut that increases the government's budget deficit or reduces its budget surplus would: will stimulate aggregate demand and, thereby, promote employment.
\What is Keynesian analysis?This is used to refer to the economics analysis of Maynard Keynes. He was a foremost economist that lived.
Keynes have the opinion that when the spending of a government is more than the money it generates, the large deficit would help raise aggregate demand.
This would raise government spending and the raise economic activities and decrease unemployment.
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if the maker of a promissory note fails to pay the note on the due date, the note is said to be a.displaced b.dishonored c.disallowed d.discounted
Answers
A note is considered to have been dishonored if the maker misses the deadline for payment.
How legitimate are promissory notes?Whether a promissory note is backed by property or is just based on the promise to pay, they are enforceable in court. Any property pledged as collateral by a borrower who pays on a debenture and fails to repay can be legally taken by the lender.
How much time is indeed a promissory note good for?While the limitations period for actions arising from obligations, liabilities, or contracts is four years, Economic Code Section 3118(a) specifies a six-year statute of limitations for actions to be brought against the promissory note-paying party.
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Overhead is applied to work in process based on the predetermined rate times standard activity allowed in a(n):________
Answers
Overhead is applied to work in process based on the predetermined rate times standard activity allowed in a predetermined overhead rate system.
A predetermined overhead rate is calculated by dividing the estimated overhead costs for a specific period by the estimated standard activity level (such as machine hours, labor hours, or units produced) for the same period. This rate is predetermined and established before the actual production or activity takes place.
Once the predetermined overhead rate is determined, it is applied to work in process by multiplying it by the standard activity allowed for each job or unit of production. The standard activity allowed represents the expected level of activity or usage of the allocation base (e.g., machine hours) for a specific job or unit of production.
The purpose of applying overhead based on a predetermined rate is to allocate the estimated overhead costs to individual jobs or units in a systematic and consistent manner.
It allows for the indirect costs associated with production, such as factory rent, utilities, and depreciation, to be distributed across the various products or services based on their expected usage of the allocation base.
In conclusion, overhead is applied to work in process based on the predetermined rate times standard activity allowed in a predetermined overhead rate system.
This method ensures a consistent and systematic allocation of estimated overhead costs to individual jobs or units of production, aiding in accurate cost determination and cost control within a manufacturing or production environment.
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the operations manager's job within an organization structure is to
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Operations management is the process of overseeing an organization's operations and procedures. A few of the responsibilities of an operations manager are supply chain management, product design, forecasting, quality control, and delivery management.
Managing a company's operations to ensure project execution efficiency is the focus of the business discipline known as operations management. It implies that the department manager would be expected to carry out a number of strategic tasks. Making a product that will be sold to the final customer is known as product design. It entails coming up with fresh ideas or building on existing ones as part of a process that results in the creation of new products. It is the duty of the operations manager to make sure that the goods sold to customers satisfy their needs and follow current market trends.
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Best Coffee Enterprises is dealing in a variety of coffee like Expresso, Cappuccino, and Caffe latte etc. It has several outlets in the city. It has a good financial standing and enjoys a good reputation in the market. It purchases high-quality coffee beans from Global Traders and pays them at a future date. Briefly explain the source of finance given by Global Traders to Best Coffee Enterprises.
Answers
Different sources of finance exist operated by various companies. Global Traders exist offering Trade Credit as a source of finance to the Best Coffee enterprises. Trade credit exists as a business-to-business (B2B) arrangement in which a customer can buy goods without spending cash up front, and delivering the supplier at the latest scheduled date.
What are the features of trade credit?It exists referred to as the payment holds authorized by the creditor for a specified period for their raw material.It exists usually comprehended as an instant source of finance.It usually occurs in B2B businesses where the payees exist and desired to pay within their established deadline.Trade credit exists as a business-to-business (B2B) arrangement in which a consumer can buy goods without spending cash up front, and paying the supplier at a later scheduled date. Usually, companies that work with trade credits will give customers 30, 60, or 90 days to pay, with the transaction recorded through an invoice.
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Which of the following is part of the cost of goods or services sold for a company that paints people's homes?
A. Paint
B. Flyers to promote the company
C. A van to travel to people's homes
D. Fuel for the van
Answers
Answer:
A. Paint
Explanation:
Paint is a part of the cost of goods or services sold for a company that paints people's homes. Thus, the correct option is A). Paint.
What is the cost of goods sold?COGS stands for the Cost of Goods Sold. Cost of goods sold refers to the direct costs of producing the goods sold by a company. It is the total amount or cost that is incurred in the production of the goods. The sum of amount that a business paid as a cost directly related to the sale of products, is known as COGS.
Cost of goods sold is the total carrying value of goods sold during a particular period. This amount mainly includes the cost of the material, labor, machinery etc. that are directly used to create the good. It also includes the indirect cost such as marketing cost, distribution cost, sales cost etc.
Basically, cost of goods sold can be calculated by the given formula i.e. COGS = the starting inventory + purchases – ending inventory.
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There are only benefits of branding. No drawbacks exist.
true
false
Answers
Answer: false
Explanation:
Answer:
false
Explanation
The fact that multiple generations often work together in family businesses provides which of the following advantages? A) They will have equal skills with technology B) Family dynamics will play a part in business relationships C) perspectives of diverse clients are more likely to be taken into consideration D) Family members from different generations are more likely to get along
Answers
Answer:
Explanation: B) Family dynamics will play a part in business relationships.
An art director is an example of
A. a blue collar job
B. a white collar job
C. a production job
D. a market research job
pls i need help whoever can answer correctly will get 30 points
Answers
Answer:
A i guesssssss........
the interview with jeffrey sachs (pp. 276-277) highlights the structural, ecological, and historical aspects of global inequality. industrialized nations have provided agricultural, medical, and other types of assistance to african nations to help improve economic conditions. what type of mobility might citizens of these nations experience as their country becomes more industrialized?
Answers
Climate change issues might be least likely to be embraced by African nations.
What is Climate change ?
Long-term changes in temperature and weather patterns are referred to as climate change. These changes might be caused by natural processes, such oscillations in the solar cycle. But since the 1800s, human activities—primarily the combustion of fossil fuels like coal, oil, and gas—have been the primary cause of climate change. Essay sample about climate change
The term "climate change" describes the evolution of the planet's climatic circumstances. Numerous internal and external variables both contribute to this. Over the past few decades, the climate shift has attracted attention on a global scale. Additionally, these climatic fluctuations have a variety of effects on earthly life.
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Elvin timely filed his 2020 tax return on march 1, 2021. He was entitled to a $300 refund, which he received a few weeks later. Melvin later determined that he had failed to claim a refundable education credit for which he was eligible. The credit would have given him an even larger refund for that year. The latest melvin can file an amended return to correct his originally filed 2020 return and claim the refundable credit is: march 1, 2023. The 2023 tax filing deadline (generally april 15). March 1, 2024. The 2024 tax filing deadline (generally april 15)
Answers
The latest Melvin can file an amended return to correct his originally filed 2020 return and claim the refundable credit is March 1, 2024.
What is amended ?Amended refers to the act of changing or revising a document, law, or agreement. This can be done in order to make corrections or add new information. Amendments can be used to modify or add to existing laws, regulations, or agreements. In the United States, amendments to the Constitution require approval from both the House of Representatives and the Senate as well as ratification of three-fourths of state legislatures. Amendments can also be made to contracts, wills, and other legal documents. The process of amendment usually involves submitting the proposed change in writing to the parties involved and having them agree to the change before the amendment is officially made. Amendments can be used to correct errors, clarify intent, or make updates.
This is because the amended return must be filed within 3 years of the original filing date, which in this case is March 1, 2021. Since March 1, 2021 falls within the 2020 tax filing year, the amended return must be filed by March 1, 2024, which is the 2024 tax filing deadline (generally April 15).
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penny and Theodore comprise a scheme whereby Penny will send information to Theodore in regards to the moves her telecommunications company is making when she learns about it in their company's internal strategy meeting so he can make a better stock trade. This is known as
Answers
Answer:
I think this is Insider trading
Explanation:
insider trading is an illegal practice where someone uses their own advantage of having access to confiditional information to practice stock trading on the stock exchange
Explain how the appreciation of the Japanese yen against the U.S. dollar would affect the return to a U.S. firm that borrowed Japanese yen and used the proceeds for a U.S. project.
Answers
The appreciation of the Japanese yen against the U.S. dollar increases the repayment cost and exposes the U.S. firm to exchange rate risk, which can negatively impact the return on the U.S. project.
Explanation:
When the Japanese yen appreciates against the U.S. dollar, it means that the value of the yen increases relative to the dollar. In this scenario, a U.S. firm that borrowed Japanese yen and used the proceeds for a U.S. project would be affected in the following ways:
1. Repayment cost: Since the value of the yen has increased, the U.S. firm would need more dollars to convert and repay the borrowed yen amount. This leads to a higher repayment cost for the firm.
2. Exchange rate risk: The appreciation of the yen exposes the U.S. firm to exchange rate risk. This is the risk that the value of the yen continues to rise, making the cost of repaying the loan even more expensive in U.S. dollars.
3. Project return: The higher repayment cost due to yen appreciation could affect the overall return on the U.S. project, as the firm has to allocate more funds to repay the loan.
In summary, the appreciation of the Japanese yen against the U.S. dollar increases the repayment cost and exposes the U.S. firm to exchange rate risk, which can negatively impact the return on the U.S. project.
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What are some benefits of paying taxes? Check all that apply.
ensuring that the needs of the nation are fulfilled
paying for public works such as highways and museums
reducing the amount of money consumers can spend
slowing growth in the economy
paying for government programs that help citizens
Answers
Answer:
A,B,E
Explanation:
got it right on test
Answer:
a b e
Explanation:
right on edge
Carlita began 2014 with a taxes payable account balance of $3,000. On December 31, 2014, its taxes payable account balance is $7,000. How much did Carlita pay to the tax authorities during the year?
Answers
Answer:
$2,000
Explanation:
The computation of the amount pay to the tax authorities during the year is shown below;
Let us assume the accrued payment be $6,000
Let us assume the amount pay to the tax authorities be X
Beginning Taxes payable account balance + Accrued payment - X = Ending taxes payable account balance
$3,000 + $6,000 - X = $7,000
$9,000 - X = $7,000
So, the X is
= $9,000 - $7,000
= $2,000
hence, the amount pay to the tax authorities is $2,000
in the business of running movie theaters, it was proposed that the tickets be priced significantly higher than usual for each of the opening weekends of the year's summer blockbusters. this kind of pricing is .
Answers
The proposal to price tickets significantly higher than usual for each of the opening weekends of the year's summer blockbusters is an example of dynamic pricing.
Dynamic pricing is a strategy that is commonly used in various industries, including transportation, hospitality, and sports events, among others. In the context of movie theaters, dynamic pricing allows theater owners to charge higher ticket prices during the most popular movie releases, such as the summer blockbusters. By doing so, theaters can maximize their profits and offset the costs of running the business.
This kind of pricing strategy involves adjusting the price of a product or service based on factors such as demand, competition, and other market conditions.
In this case, the higher demand for tickets during the opening weekends of popular movies allows the theater to charge a premium, potentially increasing their revenue.
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Health'SUs, Inc, uses a traditional product costing system to assign overhead costs uniformly to all its packaged multigrain products. To meet Food and Drug Administration requirements and to assure its customers of safe, sanitary, and nutritious food, Health'SUS engages in a high level of quality control. Health'S Us assigns its quality-control overhead costs to all products at a rate of 17% of direct labor costs. Its direct labor cost for the month of June for its low-calorie breakfast line is $68,000. In response to repeated requests from its financial vice president, Health 'S Us's management agrees to adopt activity-based costing. Data relating to the low: calorie breakfast line for the month of June are as follows. Compute the quality-control overtuead cost to be assigned to the low-calorie breakfast product line for the month of June (1) using the traditional product costing system (direct labor cost is the cost driver), and (2) using activity-based costing. cTextbook and Media - Youranwwer is partially correct. By what amount does the traditional product costing system understate or overatate the low calorie breakfast line?
Answers
Health'SUS, Inc, a manufacturing firm, uses a traditional product costing system to assign overhead costs to all its packaged multigrain products uniformly. Health'SUS is devoted to quality control to comply with the Food and Drug Administration's requirements and provide customers with safe, sanitary, and healthy food.
The company assigns its quality-control overhead costs to all products using a direct labor cost rate of 17%. The low-calorie breakfast line's direct labor cost for the month of June is $68,000. Health 'S Us's management has decided to embrace activity-based costing in response to repeated requests from its financial vice president. The data for the low-calorie breakfast line for the month of June are given below. Compute the quality-control overhead cost for the low-calorie breakfast product line for the month of June using the traditional product costing system (direct labor cost is the cost driver) and activity-based costing (ABC).Traditional costing system (TCS):In the traditional costing method, overhead costs are assigned to the company's products based on the cost driver, which is direct labor.Overhead cost rate = (Quality-control overhead cost / Direct labor cost) = 17%.
Therefore, the traditional product costing system overstates the low-calorie breakfast line's cost by $17,440.00.
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True or false: Taxpayers that report average gross receipts of $26 million or less for the three-tax year period ending with the prior tax year must use the accrual method to account for inventory even if they are a cash method taxpayer.
Answers
Please help--
Spending that is based on the purchase decisions you make that can vary from month to month is a ___
Answers
Automobiles, personal computers, and refrigerators are examples of ______ goods, while food, and clothes are examples of ______ good
Answers
The answer is ,Automobiles, personal computers, and refrigerators are examples of durable goods and clothes are examples of non - durable goods.
It is because they are intended to last for a long time and provide repeated use. These types of goods are typically more expensive and require significant investments from consumers. On the other hand, food and clothes are examples of non-durable goods, which are consumed or used up relatively quickly.
These types of goods are typically less expensive and require frequent purchases. Non-durable goods also have a shorter shelf life and may not be able to withstand long-term storage.
Understanding the difference between durable and non-durable goods can help consumers make informed purchasing decisions and manage their finances effectively.
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You need to create a legal structure for your small business. You have plans for it to grow and hope in the future to sell shares to the public. Your startup partners are citizens of Mexico and Japan. You do not want to be personally responsible for business liabilities. Which legal structure should you set up for your business?
Question 1 options:
Limited Liability Company
S- Corporation
Sole Proprietorship
C- Corporation
Answers
C-Corporation
Answer:
C- Corporation
Explanation:
Any point inside a production possibilities curve is.
Answers
Any point inside a production possibilities curve is an inefficient point of production.
What is the production possibilities curve?
The production possibilities curve is a curve that depicts the various combinations of two goods a country can produce when its resources are used to its optimum capacity.
Point outside the curve means that the production level is not attainable given the level of resources. Points inside the production possibilities curve means that the nations resources are not being fully utilised
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Use what you have learned about secured and unsecured loans to complete these sentences.
A loan that is associated with a valuable asset that can be taken by the lender is
.
Ray needs to get a new set of tires for her car, so she uses her credit card. If she does not pay her bills, there is no asset that can be seized. This means her loan is
.
Jack agrees to take out a mortgage. If he fails to make his payments, the bank may repossess his house, so his loan is
Answers
A loan that is associated with a valuable asset that can be taken by the lender is a secured loan.
Ray needs to get a new set of tires for her car, so she uses her credit card. If she does not pay her bills, there is no asset that can be seized. This means her loan is an unsecured loan.
Jack agrees to take out a mortgage. If he fails to make his payments, the bank may repossess his house, so his loan is a secured loan.
What is a Secured Loan?A secured loan is a type of loan in which the borrower pledges some form of collateral, such as a property, a car, or another valuable asset, as a guarantee that they will repay the loan. This means that if the borrower fails to make the payments on the loan as agreed, the lender can take possession of the collateral and sell it to recover their money.
Secured loans are usually available at lower interest rates than unsecured loans because they are considered less risky for lenders. This is because the lender has some form of security that they can use to recover their money in case the borrower defaults on the loan.
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Answer:
1. Secured
2. Unsecured
3. Secured
Explanation:
Edge 2023
Phil Willcot thought about his meeting with the MD team of
directors on his train back to the big city. MD is a prospective
entrant into the e-sourcing space, looking to acquire market share
from the
Answers
Phil Willcot thought about his meeting with the MD team of directors on his train back to the big city
MD is a prospective entrant into the e-sourcing space, looking to acquire market share from the existing players by offering better services at a lower cost.
E-sourcing is an electronic procurement process which is also known as supplier exchange. It is an automated process that eliminates human errors, reduces costs and increases efficiency. It also increases visibility into the procurement process, making it easier to track progress and performance of suppliers.
Market share is the percentage of sales or revenue that a company has in a particular market
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£200 is invested quarterly in a savings account at an annual rate of interest of 4.5% compounded quarterly. How much money is in the account at the end of 4 years?
Answers
To calculate the amount of money in the account at the end of 4 years, we can use the formula for compound interest:
Future Value = Present Value * (1 + (Interest Rate / Compounding Frequency))^(Number of Years * Compounding Frequency)
Given:
Present Value (PV) = £200
Interest Rate = 4.5%
Compounding Frequency = Quarterly
Number of Years = 4
Using the formula, we can calculate the future value:
Future Value = £200 * (1 + (0.045 / 4))^(4 * 4)
Let's calculate it step by step:
1 + (0.045 / 4) = 1.01125 (rounded to five decimal places)
(4 * 4) = 16
Future Value = £200 * (1.01125)^16 ≈ £200 * 1.1937 ≈ £238.74
Therefore, at the end of 4 years, there will be approximately £238.74 in the savings account.
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A reduction in price is sometimes referred to as
Answers
A discount is one expression frequently used to refer to a price reduction. A percentage or dollar amount is subtracted from the original cost of a good or service to provide a discount.
Businesses frequently provide discounts to entice customers to buy their goods or services, especially when there is a fiercer competition or a pressing need to move inventory. There are numerous ways to publicize discounts, including sales, promotions, and coupons.
Another term used to describe a reduction in price is a markdown. A markdown is a reduction in the price of a product that occurs when the item is not selling as quickly as anticipated.
Markdowns are often used by retailers to clear out excess inventory or to make room for new products. Markdowns can be temporary or permanent and can be applied to a single item or to an entire category of products.
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A reduction in price is sometimes referred to as a discount.
What is a reduction?A reduction in price refers to a decrease in the original price of a product or service. It is a common marketing strategy used by businesses to attract customers, increase sales, or move inventory. A reduction in price can take many forms, such as a discount, a sale, a markdown, or a price cut.
The discount or markdown can be expressed as a percentage or a dollar amount. For example, a store may offer a 20% discount on all items or reduce the price of a specific product by $10. The goal of a reduction in price is to make the product or service more appealing to consumers by making it more affordable or offering a better value. This can help businesses increase their market share, build customer loyalty, and ultimately increase revenue.
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Which margin is at the very bottom of the page when printing worksheets?
top margin
bottom margin
header margin
footer margin
Answers
Answer:
Footer Margin
Explanation:
Just took this :)
Answer:
Footer Margin
Explanation:
______ Is a market in which a large number of suppliers compete with each other to satisfy the needs and wants of a large numbers of consumers at a competitive price.???
Answers
Answer : Monopolistic competition
Answer:
Monopolistic Competition
Explanation:
In a monopolistic competitive market, there are large numbers of sellers who do not sell identical products instead they sell differential products. They compete with each other at a competitive price. The products could be differentiated in many ways including quality, style, location and even brand name. Since they compete at a competitive price, if there is a substantial rise in the price of any of the products, the buyers could quickly shift from one product to another. The most crucial factor behind product differentiation is because of geographical factors. Under a monopolistic competitive market, the sellers do not have any influence over customer loyalty and limited control over the price.
Complete the sentences about buying and selling bonds. Like stocks, bonds can be purchased through a(n) _______________. Bonds can also be purchased through a(n) _______________, such as an exchange-traded fund, or directly from the federal government. Bonds are given a rating ranging from _______________. It's probably best not to invest in a bond with a low rating. The two ways to make money from a bond are _______________.
Answers
Answer:
Like stocks, bonds can be purchased through a brokerage firm. Bonds can also be purchased through a mutual fund, such as an exchange-traded fund, or directly from the federal government. Bonds are given a rating ranging from AAA (the highest rating) to D (the lowest rating). It's probably best not to invest in a bond with a low rating. The two ways to make money from a bond are through coupon payments and price appreciation.
Explanation:
according to mr. cochran you may resort to civil disobedience if your cause is just, it affects most people, you have tried to work through the system, you are willing to pay the fine and/or go to jail, and you remain non-violent.
a. true b. false
Answers
Mr. Cochran asserts that if your cause is just, it affects the majority of people, you have attempted to work inside the system, you may resort to civil disobedience.
What is the synonym of attempted?
Mr. Cochran asserts that if your cause is just, it affects the majority of people, you have attempted to work inside the system, you may resort to civil disobedience.
Attempt has a number of popular synonyms, including endeavor, essay, strive, and try. All of these words refer to "making an effort to achieve a goal," but the word "attempt" emphasizes the start or beginning of such effort.
I grabbed a stone and made an effort to skim it over the water. I made an effort to understand. Mrs. Lincoln made an attempt to get to the service but was escorted out.
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