According to this information, operating activity cash inflows amount $545,000 overall.
On the financial statements, where is operating cash flow?The cash flow statement, which compares changes in cash to its static counterparts—the income statement, balance sheet, and shareholders' equity statement—shows where operating cash flow can be found.
The money a business makes from ongoing, regular commercial activity, such as the production and sale of goods or the provision of client services, is known as cash flow from operating activities (also known as operating income) (CFO). It can be found in the opening portion of a cash flow statement for a company.
Cash Flow from Operating Activities Statement
Particulars Amount Total Amount
Income $470,000
Depreciation $75,000
Cash flow from operating activities $545,000
A four-year note payable was used to borrow the cash amount of $44,000. Given that the note is long-term, it is a financing activity.
Learn more about operating activity cash inflows: https://brainly.com/question/16795697
#SPJ4
When Is the Doordash IPO Date?
The Door Dash IPO date has been announced on December 9, 2020. The company had raised $3.37 billion in its IPO by selling 33 million shares of its common stock at a price of $102 per share.
The company's shares started trading on the New York Stock Exchange (NYSE) under the ticker symbol "DASH" on December 9, 2020.
An IPO (Initial Public Offering) is when a privately held company such as Door Dash, sells shares of its stock to the public for the first time. The IPO date is the day that the shares of stock are first made available for purchase on the stock market.
It's important to note that the IPO date is subject to change. The company may decide to delay the IPO date if it determines that the market conditions are not favourable or if there are other reasons that may affect the success of the IPO.
Additionally, it's also worth noting that an IPO is a significant event for a company, as it allows them to raise capital and also provide a way for early investors and employees to cash out. However, it's also worth noting that investing in IPOs can be risky, as the stock price of a newly public company can be highly volatile in the short term and there is no guarantee of success.
To know more about IPO refer to-
brainly.com/question/30236967#
#SPJ11
Preparing Entries Across Two Periods Hatcher Company closes its accounts on December 31 each year. On December 31, 2018, Hatcher accrued $600 of interest income that was earned on an investment but not yet received or recorded (the investment will pay interest of $900 cash on January 31, 2019). On January 31, 2019, the company received the $900 cash as interest on the investment. Prepare journal entries to: a. Accrue the interest earned on December 31, 2018; b. Close the Interest Income account on December 31, 2018 (the account has a year-end balance of $2,400 after adjustments); and c. Record the cash receipt of interest on January 31, 2019.
Answer and Explanation:
The journal entries are shown below
On Dec. 31, 2018
Interest receivable $600
To Interest income $600
(Being accrued interest earned is recorded)
On Dec. 31, 2018
Interest income $2,400
To Retained earnings $2,400
(Being the closing of interest income is recorded)
On Jan. 31, 2019
Cash $900
To Interest receivable $600
To Interest income $300
(Being cash receipt of interest is recorded)
which one is not a measure of effectiveness? flexibility/bandwitch capacity utilization sales volume customer cancellations
Flexibility is not a measure of effectiveness.
Effectiveness measures how well an organization is able to reach its desired goals, such as increased sales, cost savings, customer satisfaction, and other performance-based outcomes. Bandwidth capacity utilization, sales volume, and customer cancellations are all measures of effectiveness that can help track progress towards those goals.
Effectiveness usually refers to the extent to which a goal is achieved, and measures of effectiveness are typically related to the achievement of that goal. Sales volume and customer cancellations can be measures of effectiveness in terms of achieving revenue or customer satisfaction goals, respectively.
Therefore, none of the options is definitively not a measure of effectiveness, as they can all be measures of effectiveness depending on the context.
To know more about Effectiveness:
https://brainly.com/question/30327019
#SPJ11
irr calculate the irr (or irrs) for the following project: cash flows ($) c0 c1 c0 c0 (3,000.00) 3,500.00 4,000.00 (4,000.00) for what range of discount rates does the project have a positive npv?
The IRR for this project is approximately 13.9%. The range of discount rates for which the project has a positive NPV is between 10% and 15%.
Based on the given cash flows, the IRR for this project is approximately 13.9%.
To determine the range of discount rates for which the project has a positive NPV, we can calculate the NPV at various discount rates and find where the NPV becomes positive. Using the formula for NPV, we can calculate the NPV of the project at different discount rates:
At a discount rate of 10%, the NPV is approximately $260.60.
At a discount rate of 15%, the NPV is approximately -$34.94.
At a discount rate of 20%, the NPV is approximately -$303.53.
Therefore, the range of discount rates for which the project has a positive NPV is between 10% and 15%.
To know more about discount rates, here
https://brainly.com/question/13660799
#SPJ4
TRUE OR FALSE: A mathematics professor at a university would fall under both the Education and Training career cluster and the STEM career cluster.
The cost allocation for property, plant, and equipment is referred to as , while the cost allocation for intangible assets is referred to as
The cost allocation for property, plant, and equipment is referred to as depreciation, while the cost allocation for intangible assets is referred to as amortization.
1. Depreciation is the systematic allocation of the cost of a tangible asset over its useful life. It represents the wear and tear, obsolescence, and other factors that reduce the value of the asset over time. For example, if a company purchases a piece of machinery for $10,000 with an expected useful life of 5 years, they can allocate $2,000 ($10,000/5) as depreciation expense each year.
2. Amortization, on the other hand, is the systematic allocation of the cost of an intangible asset over its useful life. Intangible assets are assets without physical substance, such as patents, copyrights, and trademarks. Similar to depreciation, amortization recognizes the gradual consumption or expiration of the asset's value over time. For instance, if a company acquires a patent for $50,000 with a useful life of 10 years, they can allocate $5,000 ($50,000/10) as amortization expense annually.
In summary, depreciation applies to property, plant, and equipment, while amortization applies to intangible assets. Both methods allocate the cost of an asset over its useful life to accurately reflect its consumption or expiration.
Learn more about: depreciation
https://brainly.com/question/30531944
#SPJ11
true or false? not all risks are inherently bad; some risks can lead to positive results.
When a negative risk materialises, it poses a threat and raises problems. A risk might be advantageous for your project and company, though, by presenting an opportunity.
What is the concept of risk ?You must take this into account while registering your risks.
Negative risks are all potential occurrences that could harm a company, and we try to mitigate, prevent, or lessen the severity of the damage. Positive risks, on the other hand, are all uncontrollable circumstances that benefit the organisation and are typically taken advantage of to the project's advantage.
Any circumstance, occurrence, event, or situation that offers the potential for a positive influence on a project or business is considered a positive risk. There are benefits to taking a risk, so it's not all bad.
Learn more about Risk here
https://brainly.com/question/28539862
#SPJ1
Read the sentence.
Because of the presence of many _[blank]_, California is a leader in entrepreneurship and innovation.
Which best completes the sentence?
A)court battles
B)wealthy investors
C)hardships
D)frontier people
Answer:
the correct answer is wealthy investors
Explanation:
I got a 100% on the test and answer D was icorrect the first time I took it.
What is the best animal?
Answer: The answer is Dogs
Explanation: Dogs are the best animal because They're not just popular- historically, the symbiotic relationship between dogs and people helped both species survive.
Meagan invested $1,200 each year in an ira for 12 years in an account that earned 5% compounded annually. At the end of 12 years, she stopped making payments to the account, but continued to invest her accumulated amount at 5% compounded annually for the next 11 years.
PMT = 1200, t = 12, r = 5%, n = 1 = annual compounding
FV = Future value of the ordinary annuity
FV = A = PMT*((1+r/n)^nt - 1) / (r/n)
FV = A = 1200*((1+0.05/1)^(1*12) - 1) / (0.05/1)
FV = A = 1200*((1+0.05)^12 - 1) / 0.05
FV = A = 1200*15.9171265
FV = A = 19100.55
Answer : a : 19100.55
Value after next 11 years
P = 19100.55, t = 11, r = 5%, n = 1 = annual compounding
A = P*(1+r/n)^nt
A = 19100.55*(1+0.05/1)^(1*11)
A = 19100.55*(1+0.05)^11
A = 19100.55*1.71033936
A = 32668.42
Answer : b : 32668.42
Interest earned = Value at the end of 23 years - Initial investment
Interest earned = 32668.42 - (1200 x 12) = 18268.42
Answer : c : 18268.42
investment is the dedication of cash to buy of an asset to obtain an boom in cost over a period of time. investment calls for a sacrifice of some present asset, which includes time, cash, or effort. In finance, the motive of investing is to generate a go back from the invested asset. The go back can also consist of a advantage (profit) or a loss found out from the sale of a belongings or an investment, unrealized capital appreciation (or depreciation), or funding earnings together with dividends, hobby, or condominium earnings, or a mixture of capital gain and earnings. The go back may encompass forex profits or losses due to adjustments within the foreign forex rates.
Learn more about investment here
https://brainly.com/question/25300925
#SPJ4
SOLVE THE GRAPH AND THE SUPPLY OR SHORTAGE AND THE PRESSURE OF PRICE
Answer:
probably cant figure it out
Explanation:
EBITDA stands for earnings before interest, taxes, debt, and assets. T/F
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a financial metric used to measure a company's operating performance and cash flow. EBITDA provides a more detailed answer on a company's financial health by excluding non-operating expenses such as interest, taxes, and depreciation.
This allows investors to focus on a company's core operations and its ability to generate profits from its business activities. However, it is important to note that EBITDA does not include other important factors such as capital expenditures, working capital changes, and other non-cash expenses. As such, it is not a perfect measure of a company's overall financial health.
Nevertheless, it is a useful tool for analyzing and comparing the operating performance of different companies within the same industry. In summary, the statement that "EBITDA stands for earnings before interest, taxes, debt, and assets" is false.
To know more about Earnings Before Interest, Taxes, Depreciation, and Amortization visit:
https://brainly.com/question/31838910
#SPJ11
pLsSsSsSsSsSsSsSsSsSsSsSsSsSsSsSsSsSsSsSsSsS
anyone in a company who influences the behavior of other employees is acting as a ___.
A. executive
B. supervisor
C. leader
D. manager
Answer:
C
Explanation
The strategies managers employ in the workplace often dictate employee ... other hand, leaders who lack managerial skills, are a detriment to employees
Anyone who directs the actions of other workers in a corporation is functioning in a leader capacity. Hence, Option C is correct.
What is a leader?A leader is someone who enlivens and motivates their people. Anyone who has a vision and knows how to get there is a leader. A leader makes sure their group gets the resources and support they need to succeed.
A leader is someone who enlivens and motivates their people. Anyone who has a vision and knows how to get there is a leader. A leader makes sure their group gets the resources and support they need to succeed.
Optimistic leaders inspire. While taking the effort to advise and train staff whenever there are performance gaps, they take the time to recognise employees for a job well done.
Good leaders encourage their people to be their very best in both good and difficult situations, bringing out the best in each individual.
Therefore, Option C is correct.
Learn more about leader from here:
https://brainly.com/question/15868646
#SPJ2
All of the following are assumptions of cost-volume-profit analysis except a.the sales mix is constant. b.costs can be divided into fixed and variable components. c.there is no change in inventory quantities during the period. d.within the relevant range of operating activity, the efficiency of operations can change.
Answer:
d. within the relevant range of operating activity, the efficiency of operations can change.
Explanation:
Cost-volume-profit analysis is also known as the break even analysis, it is an important tool in predicting the volume of activity, the costs to be incurred, the sales to be made, and the profit to be earned is. It is used to determine how changes in differing levels of activities such as costs and volume affect a company's operating income and net income.
Generally, to use the cost-volume-profit analysis, financial experts usually make some assumptions and these are;
1. Sales price per unit product is kept constant.
2. Variable costs per unit product are kept constant and the total fixed costs of production are kept constant i.e costs can be divided into fixed and variable components.
3. All the units produced are sold i.e there is no change in inventory quantities during the period.
5. The costs accrued are as a result of change in business activities.
6. A company selling more than a product should simply sell in the same mix i.e the sales mix is constant.
Hence, the aforementioned are assumptions of cost-volume-profit analysis except that, within the relevant range of operating activity, the efficiency of operations can change.
All of the following are assumptions of cost-volume-profit analysis except within the relevant range of operating activity, the efficiency of operations can change. Thus, option D is the correct option.
The break-even analysis, also known as cost-volume-profit analysis, is a crucial technique for forecasting the amount of activity, expenditures to be incurred, sales to be produced, and profits to be realized. It is employed to assess how variations in various activity levels, such as expenses and volume, impact an organization's operating income and net income.
Financial professionals typically utilize the cost-volume-profit analysis and base their decisions on the following assumptions:
The unit sales price of the product is constant.The overall fixed costs of production are maintained at a consistent level, allowing for the division of costs into fixed and variable components.Learn more about cost-volume-profit here:
https://brainly.com/question/27153414
#SPJ6
Which action can help you to keep stress away?
Answer:
Exercise is a way to keep stress away :))))
Answer:
A punching bag, writing down on paper, talking with someone, play, do a fun activity, get a stress reliever toy.
A(n) _____ is the learned ability to do something. A(n) _____ is a natural talent or ability to excel at something. A(n) _____ is a quality or characteristic.
A. aptitude, trait, skill
B. aptitude, skill, trait
C. skill, trait, aptitude
D. skill, aptitude, trait
Answer: D. skill, aptitude, trait
Explanation:
A skill is the learned ability to do something which is why when a person is being trained they say the person is acquiring new skills.
Aptitude on the other hand is the natural born talent that a person has that enables them to excel at something.
A trait is simply a quality or characteristic that a person possesses.
Answer: D. skill, aptitude, trait
Explanation: took the quiz.
When a driver encounters bad weather,the first thing to do is to look for the controls for things like the defroster,wipers,and lights. True or false
Answer:
true
Explanation:
When a driver encounters bad weather, the first thing to do is to look for the controls for things like the defroster, wipers,and lights is a true statement.
Who is a driver?A driver is a worker who transports customers in a quick, safe, and effective manner. Drivers select routes based on the state of the roads in as well as keeping up with weekly/monthly maintenance schedules for their vehicles and handling on-time payments.
if a person is driving and encounters bad weather it will be in respect to various things like d foster, wiping controlling and the light that is being provided at that point in time. Then that person must first defrost and white the things so that there will not be any kind of damage or accident that might happen on the road or collision with another.
Learn more about driver, here:
https://brainly.com/question/685799
#SPJ5
Pete and Mason are shopping for Cheese-its for a class activity. They needed several boxes. Which prices give the better deal.
A. $1.25 per box
B. $5.50 for 3 boxes
c. Buy 1 at regular price ($3.50) and get one at 50% off
D. $2.75 per box and a coupon for $1.00 off
Answer:
I believe A. $1.25 per box would be the best deal.
Explanation:
This is because A is $1.25 per box,
B. is about $1.83 per box (5.50/3 divided by 3/3 = about 1.83/1)
C. Would be 1 box = $3.50, and the next $1.75 (which is still not less then just $1.25 per box)
and D. would be $2.75-$1 off = $1.75
Out of all of them, A is cheapest/gives the best deal.
Not sure if all calculations are correct, but I hope this helps! :)
Explain five steps in product design for a business
Explanation:
Five phases guide the new product development process for small businesses: idea generation, screening, concept development, product development and, finally, commercialization.
An organization with a product innovation competitive advantage would likely seek a core workforce of research and development employees who have which quality?a. conservative valuesb. a high aversion to taking risksc. a shorter-term focusd. a low tolerance for ambiguitye.an entrepreneurial mindset
An organization with a product innovation competitive advantage would likely seek a core workforce of research and development employees who have an entrepreneurial mindset.
This is because an entrepreneurial mindset is characterized by creativity, innovation, risk-taking, and a long-term focus, all of which are crucial for developing and implementing new and innovative products. Such employees are more likely to be willing to take calculated risks and explore new ideas, which can ultimately lead to a competitive advantage for the organization.
Hi! An organization with a product innovation competitive advantage would likely seek a core workforce of research and development employees who have an entrepreneurial mindset. This is because employees with entrepreneurial qualities are more likely to be innovative, take calculated risks, and adapt to ambiguity, all of which are crucial for maintaining a competitive advantage through product innovation.
Learn more about organization here:
https://brainly.com/question/28918025
#SPJ11
The total estimated cost of attending a public two-year college in Hasani’s home town last year was $2,265. The cost of attending the college is expected to increase 5% annually. Hasani plans to enter the college this year and attend for 2 years. Which is the best estimate for the total cost Hasani will pay for only his second year? $2,270.66 $2,275.00 $2,491.50 $2,497.16
Answer: Hi there! For this question, we will be compounding, because the cost of going of going to college goes up by 5% each year. The formula for compounding is P(1 + r)^t, where P = starting amount, r = rate, and t = time in years. First, let's add 5% (0.05) to 1. 1 + 0.05 is 1.05. We are talking about how much Hasani will have to pay in his second year. We will raise that number to the 2nd power. 1.05^2 is 1.1025. Now, we will multiply that number by2,265 to find the amount. When we multiply both numbers, we get 2,497.1625 or 2,497.16 when rounded to the nearest hundredth. There. Hasani will pay an estimated cost of $2,497.16. The answer is D.
Answer:
D
Explanation:
Which of the following information is needed when creating an effective budget? (1 point)
Onet income, variable expenses, fixed expenses, and savings
O gross income, variable income, fixed income, and savings
O net income, variable income, fixed income, and savings
O gross income, variable expenses, fixed expenses, and savings
Information is needed when creating an effective budget is net income, variable expenses, fixed expenses, and savings.
What is net income?Net income refers to the income of an individual or company after deducting expenses, benefits and taxes.
In business, net income is what a business has left over after all expenses, including wages, costs of goods or raw materials, and taxes. For an individual, net income is "take home" money after taxes, health insurance and pension contributions are deducted. Net income should ideally be greater than expenses to demonstrate financial health.
To calculate net income, take gross income - the total amount of money earned - and then subtract expenses such as taxes and interest payments.
To learn more about net income, refer;
https://brainly.com/question/20938437
#SPJ13
How many manufacturing companies are in the north Georgia area
Answer:in addition to being a right-to-work state, with low unionization rates (2.5%), our quality workforce is one reason why companies in automotive, machinery, and plastics industries are experiencing high job growth. Whether you are looking for engineering talent to further innovation in products or processes, or a skilled labor force to work on the plant floor, Georgia has the existing and future workforce to fulfill your hiring needs. Georgia is home to many companies with a history of innovation that has impacted their.
which product exists in a monopolistically competitive market?
Numerous businesses provide competitive products or services that are similar but not exact substitutes. A monopolistic competitive market is present.
Clothing and hair salons are two examples of sectors with monopolistic competition. When businesses provide rival goods or services that are comparable but imperfect substitutes, monopolistic competition exists.
A monopolistic competitive industry has low entry requirements, and decisions made by any one firm do not directly affect those of its rivals. The pricing and marketing choices made by the rival companies serve as their points of differentiation.
Between a monopoly and perfect competition, monopolistic competition exists, combines aspects of both, and includes businesses with comparable but distinct product offerings.
Learn more about monopolistic market at
https://brainly.com/question/28189773
#SPJ4
Answer:
clothing
Explanation:
I learn today that monopolistically competitive is something with varity like cloths there are plenty of options
explain the relationship between occupation and education with example
Answer:
People who do not qualify for a particular job are given education through training in order to gain the needed knowledge for that particular job. As students, we go to school in order to be educated for future jobs. Good education on a job gives a better understanding and this brings out an excellent delivery of work.
Explanation:
More consistent and extended education leads to more job opportunities, increased income, and the ability to change one's economic status. Education has not only a connection to sanitation and hygiene elements in informal settlements but also to general career development.
when does the company go in loss
what are practical examples of business opportunities
Suppose that the following production function is given: Q = 9KL a-) (6 points) For the above production function, find the elasticity of substitution? Find the Returns to Scale. b-) (8 points) Using the above production function: find the labor demand and capital demand as functions of output (Q). price of labor (w) and price of capital (r). Does the Law of Demand hold for each input? Are these inputs normal or inferior inputs in the production process? Are inputs complements or substitutes? Why? c-) (10 points) Find the cost function for the above production function. Verify the properties of the cost function d.) (8 points) Suppose that a firm wants to produce 144 units of output and w=1, r=1. Find long run total cost. Suppose now that wage goes up to 4. Find the new long run total cost. Does firm substitute capital for labor? What is the percentage of cost saving relative to the case where fimm is not able to substitute? e-) (4 points) Suppose that w=1, r=1 and a firm has fixed amount of capital K -16 in short run (SR). Find the short run total cost, average total cost and marginal cost. What would be the short run total cost of producing 144 units. Compare your answer with long run total cost in part d. How and why are they different?
Answer:
a) To find the elasticity of substitution (σ), we need to take the logarithmic derivative of the production function with respect to the capital-labor ratio (K/L):
Explanation:
ln(Q) = ln(9) + a * ln(K) + a * ln(L)
Taking the derivative with respect to ln(K) and ln(L):
∂ln(Q)/∂ln(K) = a
∂ln(Q)/∂ln(L) = a
Using these derivatives, we can find the elasticity of substitution:
σ = ∂ln(K/L)/∂ln(K/L) = ∂ln(K)/∂ln(L) = a/a = 1
The elasticity of substitution is equal to 1, indicating constant substitution between capital and labor.
To find the Returns to Scale (RTS), we need to sum the exponents of K and L in the production function:
RTS = a + a = 2a
b) To find the labor demand and capital demand as functions of output (Q), we need to solve the production function for L and K:
Q = 9KL
Solving for L:
L = Q / (9K)
Solving for K:
K = Q / (9L)
The Law of Demand holds for each input, as the labor and capital demand decrease as the price of each input (w and r) increases.
Inputs in the production process are normal inputs, as the demand for both labor and capital increase with higher output levels.
Inputs in the production process are complements, as an increase in one input (e.g., labor) leads to an increase in the demand for the other input (e.g., capital). They are complements because they work together to produce output.
c) The cost function (C) can be derived from the production function by multiplying the quantities of inputs (K and L) with their respective prices (r and w):
C = rK + wL
d) To find the long-run total cost, we substitute the given values into the cost function:
C = 1K + 1L = K + L
To produce 144 units of output, we substitute Q = 144 into the production function and solve for K:
144 = 9KL
144 = 9K(K/144)
1 = K^2/16
K^2 = 16
K = 4
Substituting K = 4 into the long-run total cost equation:
C = 4 + L
The new long-run total cost when the wage increases to 4 can be found by substituting the new wage (w = 4) into the cost function:
C = 4K + 4L
To determine if the firm substitutes capital for labor, we compare the change in inputs. In this case, the firm does not substitute capital for labor because both inputs increase by the same amount.
The percentage of cost saving relative to the case where the firm is not able to substitute can be calculated by comparing the costs in the two scenarios.
Cost saving percentage = (Previous cost - New cost) / Previous cost * 100
Cost saving percentage = (C - C') / C * 100
Cost saving percentage = (4 + L - (4K + 4L)) / (4 + L) * 100
e) In the short run (SR), the firm has a fixed amount of capital K = 16. Using the given wage (w = 1) and capital (K = 16), we can find the short-run total cost, average total cost, and marginal cost.
Learn more about elasticity of substitution (σ) here:
brainly.com/question/31039203
#SPJ11
The steady growth line best supports which conclusion about the economy
represented in the graph?
The Business Cycle
Production output
h w
Time
A The economy never experiences significant periods of contraction
.
B. The economy does not display consistent patterns in its business
cycles
C. The economy improves steadily over several business cycleding
D. The economy has pronounced troughs but no clear peaks.
Answer is the letter C
The steady growth line indicates that the economy improves steadily over several business cycles.
Business cycle refers to the period whereby there is growth and decline in the economy of a nation and this can be measured through the gross domestic product of such economy.The four stages in the business cycle are the expansion, the peak period, the contraction period and the trough period. In the expansion period, there a relatively rapid growth.Based on the graph given, the steady growth lines shows that there was a steady improvement in the economy improves over the business cycles.In conclusion, the correct option is C.
Read related link on:
https://brainly.com/question/19048508
which one of the following statements best describes a "selling point" as identified in quality function deployment process?A. a price level (price per unit) for a product at which its sell volume increases abruptlyB. it is another name used for break-even pointC. it is a point (e.g., a store, an internet site, etc.) where a product is soldD. an important customer requirement which is not met by the competitors' products
D. An important customer requirement which is not met by the competitors' products is the best description of a "selling point" as identified in the quality function deployment process.
D. An important customer requirement which is not met by the competitors' products is the best description of a "selling point" as identified in the quality function deployment process. A selling point is a feature or benefit of a product that sets it apart from its competitors and makes it more attractive to customers. It is something that customers value and are willing to pay for, and it gives the product a competitive advantage in the market. Identifying and prioritizing selling points is a key part of the quality function deployment process, which helps to ensure that customer needs and wants are met through the design and production of high-quality products.
Learn more about function here
https://brainly.com/question/12431044
#SPJ11