quick cement has a return on assets of 8%. if it has $1.5 million in total assets and a total asset turnover of 2, it follows that the firm must have a net profit margin of
Answers
The answer is , Quick cement must have a net profit margin of 4%.
How to find?Given that Quick cement has a return on assets of 8%, total assets of $1.5 million, and a total asset turnover of 2, we are required to determine the firm's net profit margin.
A firm's return on assets (ROA) is the ratio of its net income to its total assets. ROA = (Net Income / Total Assets) * 100.
Total asset turnover, on the other hand, is a ratio that compares the sales of a company to its assets. It's calculated by dividing sales by total assets.
Therefore, Total asset turnover = Sales / Total assets.
Here's how to calculate net profit margin: Net profit margin = (Net income / Sales) * 100From the above data, we can writeTotal asset turnover = Sales / Total assets2 = Sales / 1.5 million
Sales = 2 × 1.5 million = 3 million.
Using the formula for ROA, we have8 = (Net Income / 1.5 million) * 100Net Income = 0.08 * 1.5 million = 120,000Now we can compute the net profit margin:
Net profit margin = (Net income / Sales) * 100= (120,000 / 3,000,000) * 100= 4%.
Therefore, Quick cement must have a net profit margin of 4%.
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Related Questions
why adding payment options in the stands can increase a fan’s satisfaction at a sports
event?
Answers
The results of a partial least squares structural equation modeling analysis imply that aspects of the stadium, club management, and the fan-based support for the club are the most important determinants of fan satisfaction.
- BRAINLIEST answerer
Answer: The costumer would find it better and easier, which means sport event will make more profit because the fans are satisfied.
Hope this helped!
A market conditions featuring many producers selling the same good is called __?
Answers
Answer:
A perfect competition market structure
Explanation:
A perfect competition market structure has many suppliers selling a homogeneous or identical product. There are no dominant sellers, meaning no supplier can influence the price. All sellers are competing against each other.
The other features of a perfect competition market structure include
There is freedom of entry and exit from the market, i.e., trade barriers do not exist.There are very many buyers.Suppliers sell identical goods.Sellers have a motive to maximize profits.Buyers are sufficient information about the market.Answer
pure competition
Explanation
multiple choice test 2.3.4: Market Structures
What’s the answer????
Answers
Opportunity cost is the value of your second choice, or whatever you give up to get something
Taylor gives up either the video games or the funny videos. So you can choose either one
After a basketball tournament, nine of the team members go out to The Cheesecake Factory to celebrate your winning with a victory dinner. You all order dinner plus some people get dessert. When the check comes the waiters says it all has to be one ticket. What is the best option for this payment scenario?
Answers
The best option for this payment scenario is through credit card, a person may initially pay the whole amount while the rest of the team members can transfer their amount of dinner to the person who made the payment at the restaurant through P2P.
What is Credit Card?Credit card is the card that is issued by a bank and the card holder can avail the cash limit provided to him/her, without having an actual amount in the account. The credit card can be used for shopping and more and the bill for the credit card is generated at the end of the month and the payment by card holder is made, if the card holder delays the payment an interest is charged on the rate.
At the cheesecake Factory the payment can be made through a credit card and the other team members may transfer the amount to the person who makes the payment at restaurant with a credit card.
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which of the following statements about today's job market and job search is most accurate? a. technology has become an integral part of the job-search process. b. today's employment process emphasizes the needs of the applicant. c. most résumés are first read by screening committees. d. employees can expect to remain in the same job throughout their careers.
Answers
The correct option is: a. technology has become an integral part of the job-search process.
The job-search process may be a daunting affair. It takes a lot of time to complete each phase of the process, from looking for appropriate possibilities to conducting interviews. A well-organized to-do list, though, can help you stay on course.
1. Begin with your frame of mind.
Your mentality is where job searching starts. You can approach the process with resilience if you have the correct mindset.
2. Establish search criteria.
Don't just apply for any job you come across. List the roles you're interested in, then begin your search.
3. Recognize your specialty.
You may approach your job hunt with up-to-date knowledge if you conduct an industry study. Discover the educational prerequisites, amount of expertise, and duties related to your preferred positions.
4. Recognize your value.
In a year, how much money do you hope to make? It's critical to understand whether your expectations match the current work market.
You want your stellar LinkedIn profile to stand out to employers. Recruiters scan your page for the following things as they do so:
5. Go through your social media profiles.
You want your stellar LinkedIn profile to stand out to employers. Recruiters scan your page for the following things as they do so:
Your about page and headline serve as your public face.
A captivating picture and cover photo are also important. Write a brief message or use a neutral cover image.
Experience at work in detail. Highlight your accomplishments from prior employment by providing data and your influence.
Certificates.
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WILL MARK BRAINLIEST
Etiquette Inc. earns $150,000 as income from services in a particular accounting period. The company's operating expenses for this period are
$35,000. What is the company's net income?
The net income Etiquette Inc. earns is $______.
Answers
Answer:
$115,000
Explanation:
150,000-35,000
Zing Coffee Company produces Columbian coffee in batches of 5,500 pounds. The standard quantity of materials required in the process is 5,500 pounds, which cost $6.00 per pound. Columbian coffee can be sold without further processing for $6.40 per pound. Columbian coffee can also be processed further to yield Decaf Columbian, which can be sold for $12.00 per pound. The processing into Decaf Columbian requires additional processing costs of $13,750 per batch. The additional processing will also cause a 4% loss of product due to evaporation.
Determine the price of Decaf Columbian that would cause neither an advantage nor a disadvantage for processing further and selling Decaf Columbian. Round your answer to the nearest cent.
Answers
First, let's calculate the revenue from selling Columbian coffee without further processing:
Revenue from selling Columbian coffee = 5,500 pounds x $6.40 per pound = $35,200
Next, let's calculate the revenue from processing Columbian coffee into Decaf Columbian and selling it:
Amount of Decaf Columbian produced = 5,500 pounds - (0.04 x 5,500 pounds) = 5,280 pounds
Revenue from selling Decaf Columbian = 5,280 pounds x Price per pound
The additional processing cost of $13,750 is a fixed cost that does not depend on the price of Decaf Columbian. So, the total cost of processing and selling Decaf Columbian is:
Total cost of processing and selling Decaf Columbian = $13,750 + 5,500 pounds x $6.00 per pound x 0.04
Total cost of processing and selling Decaf Columbian = $13,750 + $1,320 = $15,070
Now we can set up an equation to find the price of Decaf Columbian that would cause neither an advantage nor a disadvantage for processing further and selling Decaf Columbian:
Revenue from selling Decaf Columbian = Revenue from selling Columbian coffee
5,280 pounds x Price per pound = $35,200
Price per pound = $35,200 / 5,280 pounds
Price per pound = $6.6667 (rounded to 4 decimal places)
So, the price of Decaf Columbian that would cause neither an advantage nor a disadvantage for processing further and selling Decaf Columbian is $6.67 per pound (rounded to the nearest cent).
Which of the following is an example of a game where the customer can choose their own numbers
Answers
The game where players are allowed to pick their own numbers is the game of Mega-Millions.
What is Mega-Millions?This is a type of lottery game that is available in several countries around the world and involves players picking certain numbers to stand a chance to win some money.
The players get to choose the numbers they believe will be lucky and then there is a draw. If their numbers are selected, they stand a chance to win.
Options for this question were:
a. Quick Pick game.
b. Mega Millions.
c. Instant Scratch-Off game.
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Write the name of tourism sector related occupation and clarify its importance with reference to Nepal.
Answers
Answer:
one among the main importance is the foreign exchange of currency since it has a very higher exchange value compared to other tourism spots. exports to other countries from Nepal are very cheap and several good are produced on a large scale. ... cheap way of lifestyle attracts a lot of tourists all over the world.
Explanation:
the top should explain as much as I think.
short notes on the topic of price determination
Answers
Answer:
Determination of Prices means to determine the cost of goods sold and services rendered in the free market. In a free market, the forces of demand and supply determine the prices. ... For example, the Government has fixed the minimum selling price for the wheat.
Explanation:
there is your answer
Which statement best explains why this passage is an
effective use of rhetoric?
Let us not overlook the fact that the small, independent
business man or woman creates more than 80 percent of
all the new jobs and employs more than half of our total
work force. Our across-the-board cut in tax rates for a 3-
year period will give them much of the incentive and
promise of stability they need to go forward with
expansion plans calling for additional employees.
Tonight, I renew my call for us to work as a team, to join
in cooperation so that we find answers which will begin
to solve all our economic problems and not just some of
them. The economic recovery package that I've outlined
to you over the past weeks is, I deeply believe, the only
answer that we have left.
--President Ronald Reagan
April 28, 1981
O Reagan employs a tone that is both academic and
commanding
O Reagan uses both facts and inspirational language
to persuade the audience.
O Reagan feels no need to support his ideas with
evidence.
O Reagan skillfully shifts the responsibility for the
budget to Congress.
Me
The answers B by the way
Answers
Answer:
His economic plan will benefit most people.
Explanation:
just took it
Answer:
The answer is B
Explanation:
The price-eamings ratio is determined by dividing the price of a product by its profit margin. True False
Answers
The statement "The price-earnings ratio is determined by dividing the price of a product by its profit margin" is False.
What is the price-earnings ratio (P/E Ratio)?
Price-earnings ratio (P/E ratio) is an important financial ratio used to evaluate a company's stock valuation and predict market trends.
The P/E ratio is determined by dividing a company's stock price by its earnings per share (EPS).
It shows the amount investors are willing to pay for each dollar of earnings a company generates.
The P/E ratio can be calculated as follows:
P/E Ratio = Market Value per Share/Earnings per Share
The P/E ratio is an important metric used by investors to gauge the potential growth of a company.
It is also used to compare the value of a company's stock with other stocks in the industry.
However, it is important to note that the P/E ratio should not be the sole factor considered when making investment decisions, as there are many other factors that can influence a company's performance.
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What is NOT an advantage of being an entrepreneur?
Answers
Answer: Disadvantages include a lack of guarantee of success and the heightened responsibility of owning a business
Answer:
The advantages of entrepreneurship include the ability to shape one's own business, control of one's own working habits, and significant stock in the venture. Disadvantages include a lack of guarantee of success and the heightened responsibility of owning a business.
Explanation:
What is an example of a common part of a company's brand that would be represented in television
commercials?
Answers
Answer:
logos, product, company's name, :DDD and endorsers
you have determined you will need to have $32,000 saved up for your dream car in 6 years. your savings account earns 4% interest compounded quarterly. (a) if you can set aside money every quarter, how much would you need to deposit into your savings account every quarter? (b) how much total money will you put into the account? (c) how much total interest will you earn?
Answers
a) The quarterly deposit needed to reach the goal of $32,000 in 6 years is approximately $1,333.33.
b) The total amount deposited into the account over the 6-year period is approximately $31,999.92.
c) The total interest earned over the 6-year period would be approximately $0.08.
To calculate the amount needed to be deposited every quarter, the total amount required ($32,000) can be divided by the number of quarters in 6 years, which is 24 quarters (6 years * 4 quarters/year).
a) Calculation of quarterly deposit:
Amount needed to be deposited every quarter = Total amount required / Number of quarters
= $32,000 / 24
≈ $1,333.33
Therefore, you would need to deposit approximately $1,333.33 into your savings account every quarter to reach your goal of $32,000 in 6 years.
b) Calculation of total money deposited:
Total money deposited = Quarterly deposit * Number of quarters
= $1,333.33 * 24
= $31,999.92 (rounded to the nearest cent)
Therefore, the total amount of money you would put into the account over the 6-year period is approximately $31,999.92.
c) Calculation of total interest earned:
To calculate the total interest earned, we subtract the total amount deposited from the total amount required:
Total interest earned = Total amount required - Total money deposited
= $32,000 - $31,999.92
= $0.08 (rounded to the nearest cent)
Therefore, the total interest earned over the 6-year period would be approximately $0.08.
It's important to note that these calculations assume a constant deposit amount every quarter and a fixed interest rate of 4% compounded quarterly. Actual interest earned may vary based on the exact timing and frequency of deposits, as well as any fluctuations in interest rates.
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SMA Corporation’s controller, Nina Low, is concerned that net income may be lower this year. She is concerned that upper-level management might recommend cost reductions by laying off accounting staff, including herself. Nina knows that depreciation is a major expense for SMA. The company currently uses the same method for financial reporting as it uses for tax purposes, that is a declining balance method. Nina is considering changing to the straight-line method. Nina does not want to draw attention to the increase in net income that would result from switching depreciation methods. She thinks, "Why don’t I just increase the estimated useful lives and the residual values of the property, plant and equipment? They are only estimates anyway. These changes will decrease depreciation expense and increase income. I may be able to save my job and those of my staff." Nina calls her professional accounting body’s "Ethics Hotline" and reaches the Ethical Accountant for advice. Instructions As the Ethical Accountant providing advice to Nina, identify the objectives of depreciation, who the stake holders are in this situation, what disclosures are required, whether any ethical issues are involved, and recommend a course of action Nina should follow.
Refer to The importance of Depreciation; Depreciation – Methods & Allocation, Qualitative Characteristics of Useful Information & Financial Reporting Issues, Usefulness of the Statement of Cash Flows to provide your answer
1. Objectives: what is the objectives?
2. Analysis: identify stakeholders; identify ethical issues; rational / validity of changing depreciation methods; ASPE / IFRS disclosure requirements for accounting changes.
3. Recommendation: your recommendation should include impact of depreciation on cash flow.
Answers
SMA Corporation’s controller, Nina Low, is concerned that net income may be lower this year. She is concerned that upper-level management might recommend cost reductions by laying off accounting staff, including herself.
1. Objectives of Depreciation:
The objectives of depreciation are to allocate the cost of an asset over its useful life, match expenses with revenues, and accurately reflect the consumption of the asset's economic benefits.
It is used to determine the periodic expense associated with the use of assets and to properly value the assets on the balance sheet.
2. Analysis:
a. Stakeholders:
Nina Low (Controller)
Upper-level management
Accounting staff
Shareholders/Investors
Regulatory bodies (e.g., SEC, CRA)
Auditors
Financial statement users
b. Ethical Issues:
The ethical issues involved include:
The financial statements by intentionally manipulating depreciation estimates to artificially increase net income.
Conflict of interest for Nina Low, as she is making these changes to potentially save her job and those of her staff.
c. Rationality/Validity of changing depreciation methods:
Changing depreciation methods solely for the purpose of increasing net income and potentially saving jobs is not a valid or rational reason.
Depreciation methods should be chosen based on their alignment with the nature of the assets, the industry standards, and the most accurate reflection of the asset's consumption over its useful life.
d. ASPE/IFRS Disclosure Requirements for Accounting Changes:
Both ASPE (Accounting Standards for Private Enterprises) and IFRS (International Financial Reporting Standards) require disclosure of accounting policy changes.
Any changes in accounting estimates, including changes in estimated useful lives and residual values of property and equipment.
3. Recommendation:
Avoid manipulating depreciation estimates solely to increase net income.
Disclose any changes in accounting estimates and policies in accordance with the applicable accounting standards (ASPE or IFRS).
Provide a clear and transparent explanation for the changes, including the rationale and impact on financial results.
Consider alternative cost-saving measures that do not involve unethical practices, such as exploring other areas for cost reduction or process improvement.
Focus on providing accurate and reliable financial information that serves the best interests of stakeholders and maintains the integrity of the financial reporting process.
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A pleasant smile, eye contact, and a firm handshake are examples of _____.
A.crafting a logical argument
B.probingdone
C.nonverbal communication
D.consultative selling
Answers
Answer:
Nonverbal Communication
what was the intended purpose of these state-sponsored programs?
Answers
The systematic, state-sponsored extermination of European Jews between 1933 and 1945 by Nazi Germany and its allies is known as the Holocaust.
What does "systematic" mean?
The most prevalent term is "systematic," which most frequently refers to actions taken in accordance with a system or technique. a methodical strategy for learning that entails closely adhering to the program's instructions. What is systemic refers to or has an impact on a whole system. An adjective with the main meaning of "having, demonstrating, or involving a system, technique, or plan" is "systematic." Systematic can be compared to methodical. A system is a "procedure" or "plan," which is the first sense we addressed in the previous section.
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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?
Answers
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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urban structure in the united states could be said to be a product of what economists call the bid-rent. what is meant by the bid-rent?
Answers
The bid-rent theory is an economic concept that explains how the price and demand for real estate are influenced by their location and accessibility.
It states that the value of a particular piece of land is determined by the maximum amount someone is willing to pay for it, based on its location and access to amenities and resources.
As an area becomes more desirable, demand for the land increases, and the bid-rent for that location also increases. This can lead to the development of high-density urban areas where property values are high, and lower-density suburban areas where property values are lower.
In the United States, this theory has played a significant role in shaping the urban structure of cities, as developers seek to maximize profits by locating their properties in areas with high bid-rent values.
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The publisher of Celebrity Living claims that the mean sales for personality magazines that feature people such as Megan Fox or Jennifer Lawrence are 1.5 million copies per week. A sample of 10 comparable titles shows a mean weekly sales last week of 1.3 million copies with a standard deviation of 0.9 million copies.
Answers
Answer and Explanation:
The computation is shown below:
For determining each part first we have to do the following calculations
Critical value of t = 3.250
Null hypothesis = 1.5
Alternative hypothesis ≠ 1.5
Population mean \(\mu\) = 1.5
Sample mean \(\bar X\)= 1.30
Sample size \(n\) = 10.00
Sample standard deviation \(s\) = 0.900
Standard error of mean is
\(s_x = \frac{s}{\sqrt{n} }\)
\(= \frac{0.900}{\sqrt{10.00}}\)
= 0.2846
Test static is
\(t = \frac{x - \mu}{s_x}\)
\(= \frac{1.30 - 1.5}{0.2846}\)
= -0.703
a. The null hypothesis is
μ = 1.5
Alternate Hypothesis is
μ ≠ 1.5
b. reject \(H_o\) if t is not between
-3.250 and 3.250
c. The value of the test statistic is
t = -0.703
(as we have computed above)
d. fail to reject \(H_o\) as this data does not contradict the publisher claim
brad begins work with his company's newly created product line of personal care products. what overall framework does brad need to use as he starts to work on the marketing mix for these products?
Answers
As Brad begins work with his company's newly created product line of personal care products, he needs to use the overall framework of the marketing mix. This framework consists of the four Ps: product, price, promotion, and place.
What are 4Ps in Marketing?Brad needs to use the 4Ps marketing mix framework as he starts to work on the marketing mix for his company's newly created product line of personal care products. The 4Ps framework consists of:
1. Product: Brad should focus on understanding the specific needs of the target market and ensure that the personal care products being developed cater to those needs. He should consider aspects like quality, design, features, and packaging.
2. Price: Brad needs to determine the optimal pricing strategy for the personal care products. This could involve analyzing competitor pricing, understanding the target market's price sensitivity, and considering the cost of production.
3. Place (Distribution): Brad should identify the best channels to distribute the personal care products, which could include retail stores, e-commerce platforms, or direct sales. He needs to ensure that the products are easily accessible to the target market.
4. Promotion: Lastly, Brad should develop an effective promotional strategy to create awareness and generate interest in the personal care products. This could involve advertising, public relations, sales promotions, and social media marketing.
By using the 4Ps marketing mix framework, Brad will be able to create a well-rounded marketing strategy for the newly created personal care product line.
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Lenders typically finance the development of a project as a percentage of completedappraised value, including the price of the site.True or false
Answers
The statement "Lenders typically finance the development of a project as a percentage of completed appraised value, including the price of the site" is true.
Completed appraised value refers to the market value of a finished property that is appraised by a licensed appraiser. It is an estimation of how much a property will be worth after all necessary improvements and upgrades have been completed.
Lenders typically finance the development of a project as a percentage of completed appraised value, including the price of the site. This means that they will lend money based on the appraised value of the property that has been completed up to a certain point. This will include the value of the land as well as any improvements made to the property.
In conclusion, the statement "Lenders typically finance the development of a project as a percentage of completed appraised value, including the price of the site" is true.
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The board of directors manages:
1- shareholder proxies.
2- employees’ daily tasks.
3- the business and affairs of the corporation.
4- the day-to-day activities of a corporation.
Assessment question
The Board of Directors may conduct business: (Choose 2 answer choices)
1- at special meetings.
2- at any time.
3- privately and outside of meetings called by the corporation.
4- at regular meetings.
Answers
The board of directors is responsible for managing the overall operations and strategic direction of an organization. They are typically elected by the shareholders or members of the organization, and serve as the governing body.
One of the key responsibilities of the board is to make decisions regarding major policies, initiatives, and investments. This may include approving budgets, setting performance targets, and approving major contracts or partnerships.
The board typically manages the organization through regular meetings, which may be held on a monthly, quarterly, or annual basis.
These meetings provide an opportunity for board members to review financial reports, discuss key issues facing the organization, and make decisions about major initiatives.
In addition to regular meetings, the board may also hold special meetings to address urgent issues or to make decisions that require immediate attention.
At any time, the board of directors may be called upon to make critical decisions that impact the future of the organization.
For this reason, it is essential that board members possess the necessary skills, knowledge, and experience to effectively manage the organization.
This may include expertise in areas such as finance, marketing, human resources, or strategic planning.
In summary, the board of directors is responsible for managing the overall operations and strategic direction of an organization.
They do so through regular meetings, where they make critical decisions that impact the future of the organization.
At any time, the board may be called upon to make important decisions, requiring board members to possess the necessary skills, knowledge, and experience to effectively manage the organization.
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the rule is that all work required for a deliverable is included in its sub-deliverables when defining activities. a. wbs 100% b. roll-up c. hierarchy d. golden
Answers
The rule is that all work required for a deliverable is included in its sub-deliverables when defining activities is WBS 100%
Hence, option a is correct
These are less significant but yet necessary deliverables that must be finished. For instance, a PowerPoint presentation that highlights a report's main conclusions could be a sub-deliverable (shown in red in the figure) for a report.The budget report, the progress report, the beta product, the test result report, and any other quantifiable parts of a project that signify completion are examples of deliverables.
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Workplace diversity describes differences among workers in any of the following areas:
attitude
education
ethnicity
industry
Answers
Answer:
industry because here based the all the business in whole world
What are the importance of training for all types of occupations?
Answers
Answer:
Hi
Explanation:
It helps to imvrove your skills in order to move forward and it also gives opportunities to know better something you want
Thank you
Are there any specific rules that guide international marketing?
Answers
Answer:
yes but im not really sure what they all are like they will look for drugs imagrant or if they are being cheated by the seller
Explanation:
Answer:
Create actual content, not just keywords. ...
Let your customers buy what they want online and pick it up in person. ...
Learn how to talk to digital natives. ...
Move away from banner ads and toward sponsored stories. ...
Trumpet local customs and national pride.
What has the greatest potential to demotivate you and lead you to unproductive activities?
Answers
Answer:
David is a HR generalist
Explanation:
When it comes to architectural
engineering, another discipline aided
directly by technology that is used in
the engineering field is which of the
following?
Answers
Explanation:
jjkkllhgtytyuioytttyhffvnktsnbbgekmckik hhffgkokofxwtwwtuooppkjklbxcnm