Muir Manufacturing produces two popular grades of commercial carpeting among its many other products. In the coming production period, Muir needs to decide, how many rolls of each grade should be produced in order to maximize profit? Each roll of Grade X carpet uses 50 units of synthetic-fiber, requires 25 hours of production time, and needs 20 units of foam backing. Each roll of Grade Y carpet uses 40 units of synthetic-fiber, requires 28 hours of production time, and needs 15 units of foam backing.
The profit per roll of Grade X carpet is $200 and the profit per roll of Grade Y carpet is $160. In the coming production period, Muir has 3000 units of synthetic-fiber available for use. Workers have been scheduled to provide at least 1800 hours of production time (overtime is a possibility). The company has 1500 units of foam backing available for use. Develop a linear programming model for this problem.
1. Define the Decision Variables.
2. Write the Objective.
3. Write the Constraints.

Answers

Answer 1

Answer:

Kindly check explanation

Explanation:

A) DECISION VARIABLES :

The decision variables in the question above lies in Muir Manufacturing Company's Production target in the coming production period:

The decision variables are thus:

1) Determining the number of rolls of Grade X carpet to manufacture.

11) Determining the number of Grade Y carpet to manufacture.

2) OBJECTIVES :

The objective is to maximize profit :

Profit per roll of Grade X carpet = $200

Profit per roll of Grade Y carpet = $160

The objective function is thus :

$200x + $160y

C.) THE CONSTRAINTS :

1) Synthetic fibre required:

Grade X = 50 units

Grade Y = 40 units

Total available units = 3000

50X + 40Y ≤ 3000

Production time:

Grade X = 25 hours of production time

Grade Y = 28 hours of production time

Scheduled production time to be provided by workers is atleast 1800 hours (since there is possibility for overtime).

25X + 28Y ≥ 1800

111) Foam backing required:

Grade X = 20 units

Grade Y = 10 units

Total available units = 1500

20X + 10Y ≤ 1500

Each roll of Grade X carpet uses 50 units of synthetic-fiber, requires 25 hours of production time, and needs 20 units of foam backing. Each roll of Grade Y carpet uses 40 units of synthetic-fiber, requires 28 hours of production time, and needs 15 units of foam backing.


Related Questions

A more professional focus of running events started to take place during the late 1800s. The catalyst for such a professional focus emphasis occurred due to A. the number of career opportunities. B. the multitude of events that were occurring. C. television's impact on events. D. a desire to increase profits.

Answers

Answer: D. a desire to increase profits

Explanation:

During the late 1800s, a more professional focus of running events began to take place. The main reason for such a professional focus emphasis occurred due to a desire to increase profits.

It was realized that having a more professional focus on running events could bring about more funds and also bring about more intersted spectators.

The CEO of Fox Mart wants to know what his company's financial position looked like on the 31st of December of the previous year. The financial report he should look at is the company's _____.

Answers

Answer: balance sheet

Explanation:

The balance sheet helps to show the summary of the finances of a company. The balance sheet consist of the assets, liabilities, the equity capital, the total debt, etc of a company.

If the CEO of Fox Mart wants to know what his company's financial position looked like on the 31st of December of the previous year. The financial report he should look at is the company's balance sheet.

A salesperson at Plumbers Warehouse searches public records of new building permits to identify potential customers for new bathrooms. This salesperson is relying on ____ to identify sales prospects.

Answers

Complete Question:

A salesperson at Plumbers Warehouse searches public records of new building permits to identify potential customers for new bathrooms. This salesperson is relying on ____ to identify sales prospects.

Group of answer choices

A) personal referrals

B) marketer-initiated contacts

C) impersonal referrals

D) customer-initiated contacts

Answer:

C) impersonal referrals.

Explanation:

In this scenario, a salesperson at Plumbers Warehouse searches public records of new building permits to identify potential customers for new bathrooms. This salesperson is relying on impersonal referrals to identify sales prospects.

An impersonal referrals can be defined as the process of acquiring informations about a potential customer from personal sources, public records etc. It is one of the common techniques used in prospecting, which typically involves the continual process of systematically looking or sourcing for new customers.

An inventory system is a set of policies and controls that monitors levels of inventory and determines what levels should be maintained, when stock should be replenished, and how large orders should be.

Answers

Answer: True

Explanation:

Inventory looks at managing items in an organization; what goes in and come out, in their right proportion and different sizes, according to their usage and what they'll be assigned to. The importance of inventory is for appropriate stock keeping and accessibility when needed.

Forrest is considering moving his business from a bricks-and-mortar and online establishment to a purely e-business. He is considering this move because the bricks-and-mortar business is not receiving sufficient foot traffic to keep it operational, but the online operation is creating significant revenues. By moving his inventory to an industrial building, customers that still want to pick-up merchandise in person may do so, but he will save on the expenses associated with curb-appeal. He believes he will also be able to operate the business with fewer people and, when closing time comes, can turn off the lights, close the door and leave, but orders can still be placed due to the 24-hour nature of the Internet. Based on the information given, what is the primary environmental force moving Forrest away from a bricks-and-mortar establishment to a purely e-business

Answers

Answer:

The Internal environment forces

Explanation:

The internal environment forces are the factors within the organization that directly impact on the daily operational activities of an organization.

Looking at the situation of Forrest as described in the scenario , we can see that the major changes that it will introduce by migrating to a purely e business like using few people, reduced administrative and operating expenses , 24 hours ordering  are majorly internal activities , which will address the areas that could have been hindering its efficiency in the previous business activities.

On October 29, 2016, Lobo Co. began operations by purchasing razors for resale. Lobo uses the perpetual inventory method. The razors have a 90-day warranty that requires the company to replace any nonworking razor. When a razor is returned, the company discards it and mails a new one from Merchandise Inventory to the customer. The company’s cost per new razor is $20 and its retail selling price is $75 in both 2016 and 2017. The manufacturer has advised the company to expect warranty costs to equal 8% of dollar sales. The following transactions and events occurred.
2016
Nov. 11 Sold 105 razors for $7,875 cash.
30 Recognized warranty expense related to November sales with an adjusting entry.
Dec. 9 Replaced 15 razors that were returned under the warranty.
16 Sold 220 razors for $16,500 cash.
29 Replaced 30 razors that were returned under the warranty.
31 Recognized warranty expense related to December sales with an adjusting entry.
2017
Jan. 5 Sold 150 razors for $11,250 cash.
17 Replaced 50 razors that were returned under the warranty.
31 Recognized warranty expense related to January sales with an adjusting entry.
1.1 Prepare journal entries to record above transactions and adjustments for 2016.
2. How much warranty expense is reported for November 2016 and for December 2016?
Warranty Expense for November 2016 ?????
Warranty expense for December 2016 ?????
3. How much warranty expense is reported for January 2017?
4. What is the balance of the Estimated Warranty Liability account as of December 31, 2016?
5. What is the balance of the Estimated Warranty Liability account as of January 31, 2017?

Answers

Answer:

Nov 11

Dr Cash 7,875

Cr To Sale 7,875

Nov. 11

Dr Cost of Goods Sold 2,100

Cr To Inventory 2,100

Nov. 30

Dr Warranty Expenses 630

Cr To Warranty Liability 630

Dec. 9

Dr Warranty Liability 300

Cr To Inventory 300

Dec. 16

Dr Cash 16,500

Cr To Sales 16,500

Dec. 16

Dr Cost of Goods Sold 4,400

Cr To Inventory 4,400

Dec. 29

Dr Warranty Liability 600

Cr To Inventory 600

Dec. 31

Dr Warranty Expenses 1,320

Cr To Warranty Liability 1,320

1.b Journal Entries for 2017

Jan 5

Dr Cash 11,250

Cr To Sales 11,250

Jan 5

Dr Cost of goods sold 3,000

Cr To Inventory 3,000

Jan 17

Dr Warranty Liability 1,000

Cr To Inventory 1,000

Jan 31

Dr Warranty Expenses 900

Cr To Warranty Liability 900

2)a. Warranty Expenses= $630

2b. Warranty Expenses= $1,320

3). Warranty Expenses= $900

4). Estimated Warranty Liability Account $1,050

5). Estimated Warranty liability account $900

Explanation:

Preparation of the Journal entries for Lobo Co

Journal Entries for 2016 for Lobo Co

Nov 11

Dr Cash 7,875

Cr To Sale 7,875

Nov. 11

Dr Cost of Goods Sold 2,100

Cr To Inventory (20*$105) 2,100

Nov. 30

Dr Warranty Expenses 630

($7,875*8%)

Cr To Warranty Liability 630

Dec. 9

Dr Warranty Liability 300

(15*$20)

Cr To Inventory 300

Dec. 16

Dr Cash 16,500

Cr To Sales 16,500

Dec. 16

Dr Cost of Goods Sold 4,400

Cr To Inventory 4,400

(220 * $20)

Dec. 29

Dr Warranty Liability 600

(30*$20)

Cr To Inventory 600

Dec. 31

Dr Warranty Expenses 1,320

($16,500*8%)

Cr To Warranty Liability 1,320

1.b Journal Entries for 2017

Jan 5

Dr Cash 11,250

Cr To Sales 11,250

Jan 5

Dr Cost of goods sold 3,000

(150*$15)

Cr To Inventory 3,000

Jan 17

Dr Warranty Liability 1,000

(50*$20)

Cr To Inventory 1,000

Jan 31

Dr Warranty Expenses 900

(11,250*8%)

Cr To Warranty Liability 900

2)a. Warranty Expenses for Nov. 2016

Warranty Expenses= $7,875*8%

Warranty Expenses= $630

2b. Warranty Expenses for Dec. 2016

Warranty Expenses= $16500*8%

Warranty Expenses= $1,320

3). Warranty Expenses for Jan. 2017

Warranty Expenses= $11,250*8%

Warranty Expenses= $900

4). Estimated Warranty Liability Account as on Dec. 31, 2016

Estimated Warranty Liability Account= $630 + $1,320 - $300 - $600

Estimated Warranty Liability Account= $1950- $900

Estimated Warranty Liability Account= $1,050

5). Estimated Warranty liability account as on Jan. 31, 2017

Estimated Warranty liability account = $1,050 + $900 - $1,050

Estimated Warranty liability account= $900

Timothy, a laboratory manager at a multinational photography company, manages a team of seven designers. All of them report to him, and he has the power to command them and assign duties to them. In this scenario, Timothy most likely has_____.

Answers

Answer:

line authority

Explanation:

Line authority is when someone that has a supervisor position has the power to give orders to his/her subordinates in order to accomplish the company's goals. According to this, the answer is that in this scenario, Timothy most likely has line authority because he has a team that he supervises and he has the authority to assign duties to them.

Which of the following statements is true of organizational behavior knowledge? 1 point A. It is relevant to everyone who works in organizations. B. It should never be used to influence the behavior of other people. C. It should be used by managers and senior executives alone. D. It should not be used by subordinates to influence the behavior of their managers. E. It is less significant when the level of interpersonal interaction is high

Answers

Answer:

A. It is relevant to everyone who works in organizations

Explanation:

The organization behaviour is the study of human behaviour that takes place in an organised environment. The organisation behaviour is categorized into three levels as macro, micro and meso level. It has influences n a multiple of disciplines as sociology, psychology and economics. The best-known authors are those of the henry fayol, Chester Barnes and others.

Organizational behavior expertise is relevant to everybody who works in companies.

So, option A. (It is relevant to everyone who works in organizations.) is correct.

What Is Organizational Behavior?

The systematic study and use of knowledge about just how individuals and groups conduct inside the organizations where they work is known as organizational behavior (OB).

Organizational knowledge allows for a greater understanding of knowledge requirements. It maintains a steady stream of high-quality results and encourages long-term growth.

Organizational behavior expertise is relevant to everybody who works in companies.

So, option A. (It is relevant to everyone who works in organizations.) is correct.

Find out more information about organizational behavior here:

https://brainly.com/question/18882734?referrer=searchResults

Anderson sold a property to Kelly. The contract contained the following statement: "Buyer to accept the property in an 'as is' condition." Both the seller and the broker knew that the plumbing was in a major state of disrepair, but did not tell Kelly. Would an action against the broker and the seller be successful?

Answers

Answer:

The action against the seller by Kelly would not be successful. This is because, the contract agreement drafted by the seller contains that clause "as in" condition. It would be believed that, Kelly saw the condition in the contract, but still went ahead to purchase the house by signing the seller's contract agreement of sell. Whatever state the house is in would be taken by Kelly.

Explanation:

Comparative advantage is Question 13 options: the ability to produce all goods at lower costs than anyone else can. the ability to produce a good at a lower opportunity cost than other producers. the ability to produce more output from given inputs than another producer can. the ability to produce more output of all goods than any

Answers

Answer: the ability to produce a good at a lower opportunity cost than other producers

Explanation: In other to clearly understand or grasp the definition or meaning of comparative advantage, the term opportunity cost should be understood. Opportunity cost simply means the benefit which one forfeits or losses when one chooses a certain option over the other. Comparative advantage is possessed by a certain seller or economy who is capable of selling his goods at a lower opportunity cost than its competitors. Thus, the comparative advantages weighs the size or amount of benefit forfeited or lost by sellers as a result of selling at a lower price. Thus the lower the opportunity cost, the better the comparative advantage.

A real estate office handles a 80-unit apartment complex. When the rent is $550 per month, all units are occupied. For each $25 increase in rent, however, an average of one unit becomes vacant. Each occupied unit requires an average of $50 per month for service and repairs. What rent should be charged to obtain a maximum profit

Answers

Answer:

The real estate should charge $1,300 to obtain maximum profit.

Explanation:

We can make K to represent the number of unit apartment occupied.

This means that the total rent the real estate office is getting can be denoted by;

{(550 + 25(80 - K)} K - 50K

Maximizing the above equation, we have;

y = 550K + 2,000K - 25K^2 - 50K

Collect like terms

= 2,500K - 25K^2

y' = (2,500K - 25K^2)' = 2,500 - 50K

y = 0

2,500 - 50K = 0

2,500 = 50K

K= 50

Rent is therefore;

Rent = 550 + (80 - K)25, where K is 50

= 550 + (80 - 50)25

= 550 + (30)25

= 550 + 750

= $1,300

Which organization does not work for consumers
Federal trade comission
Food and drug administration
Federal treasury
Better business bureau

Answers

Answer:

Which organization does not work for consumers

Federal treasury

Explanation:

The other three are consumer-focused.  But the Federal Treasury is a US government agency that advises government on fiscal matters.  It performs some law enforcement activities to help government enforce laws on fiscal policies.  It is also responsible for manufacturing the currency and postage stamps.  Finally, it has responsibility for the supervision of national banks in the United States.

Answer:

It might b

Explanation:

Which of the following statements regarding convertible term insurance is true?
A) Evidence of insurability must be provided to convert the policy.
B) More term policies are converted using the original-age method than using the attained-age method.
C) The converted coverage has a lower face amount than the term coverage.
D) The annual premium for the cash value coverage is lower if an original-age conversion is used than if an attained-age conversion is used.

Answers

Answer: The annual premium for the cash value coverage is lower if an original-age conversion is used than if an attained-age conversion is used.

Explanation:

A convertible insurance policy is a term that is related to life insurance as it can be changed to a permanent life insurance policy.

Of the options given, the option that is true is that the annual premium for the cash value coverage is lower if an original-age conversion is used than if an attained-age conversion is used.

A small publishing company is planning to publish a new book. The production costs will include one-time fixed costs (such as editing) and variable costs (such as printing). The one-time fixed costs will total 49982. The variable costs will be $8.50 per book. The publisher will sell the finished product to bookstores at a price of 25.25 per book. How many books must the publisher produce and sell so that the production costs will equal the money from sales

Answers

Answer:

Break-even point in units= 2,984 units

Explanation:

Giving the following information:

The one-time fixed costs will total 49982. The variable costs will be $8.50 per book. The publisher will sell the finished product to bookstores for 25.25 per book

To calculate the break-even point in units, we need to use the following formula:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 49,982/ (25.25 - 8.5)

Break-even point in units= 2,984 units

Fifty years ago, a high school diploma was the minimum requirement for entry to the paid labor force in the US. Today a college degree is virtually the bare minimum. This change reflects the process of

Answers

Answer: Credentialism

Explanation:

Credentialism is when credentials that are given by professional bodies, educational institutions etc are being relied upon and used as qualifications to know if someone can do a particular job or not.

Fifty years ago, a high school diploma was the minimum requirement for entry to the paid labor force in the US. Today a college degree is virtually the bare minimum. This change reflects the process of credentialism.

Analyse how fiscal policy measures could reduce inflation.

Answers

Answer:

In order to control the demand-pull inflation, the Government undertakes some monetary measures and incorporates certain changes to the fiscal policy.One of the commonly used measures to control inflation is controlling the money supply in the economy. If the Government decreases the supply of money, then the demand will fall, leading to a fall in prices. Therefore, the Government may decide to withdraw certain paper notes and/or coins from circulation. This decreases the money supply.

Explanation:


Name the one sport in which neither the spectators nor the participants know the score or
the leader until the contest ends.

Answers

Answer:

Boxing

Explanation:

You are in charge of paying claims submitted by providers. You notice a certain diagnostic provider ("Doe Diagnostics") requested a substantial payment for a large number of members. Many of these claims are for a certain procedure. You review the same type of procedure for other diagnostic providers and realize Doe Diagnostics' claims far exceed any other provider you reviewed. What should you do?

Answers

Answer:Consult with your immediate supervisor for next steps or contact the compliance department

Explanation:

Certain careful checks are really important in organization handling payments and documentation for the public and private sector, as many firms don't and won't want to follow the right procedure and doing so puts your own organization to the risk of it. It's better they are carefully observed and actions followed up immediately by contacting either your supervisor or reporting to the authorities.

Which of the following actions would cause the aggregate demand curve to shift to the​ left? A. an increase in government spending caused by increased spending on highways and bridge construction B. a decrease net export spending caused by an appreciation of the home currency C. an increase in exports caused by an increase in economic activity in the European Union D. an increase in consumer spending caused by a cut in the personal income tax rate

Answers

Answer:

B. a decrease net export spending caused by an appreciation of the home currency

Explanation:

When the aggregate demand curve shifts to the left, it means that total consumer spending decreases. This decrease might result from consumers having less money due to a rise in unemployment, high inflation, a decrease in economic activity or an increase in taxes. This type of shift is specially "dangerous" for the economy because consumer spending represents almost 70% of the GDP.

In this case, the appreciation of the US dollar resulted in a decrease in economic activity of exporting companies.

What strategy benefits both companies and employees since it increases a company's ability to recruit and retain workers and allows employees to balance work and home life by allowing them to choose their starting and ending times, as long as they are there during a specified core period

Answers

Answer:

Dont know sorry

Tapestry Corporation will spend $1 million for special production equipment. Shipping and installation charges will amount to $175,000 and an initial increase in net working capital of $50,000 will be required. The equipment will replace an existing machine that has a salvage value of $85,000 and a book value of $100,000. Executives expect revenue to increase by $200,000 per year with no increase in operating expenses. If Tapestry has a corporate tax rate of 21%, what is the amount of the initial outlay for this project?

Answers

Answer:

($1,136,850)

Explanation:

The computation of the initial outlay is shown below:

Purchase price (-1,000,000 - $175,000)    (1,175,000) (A)

machine proceeds

{$85,000 + ($100,000 - $85,000) × 0.21}   $88,150 (B)

Net working capital ($50,000) (C)

Initial outlay ($1,136,850)     (A - B + C)

Hence, the initial outlay is ($1,136,850)

We basically applied the above calculation to arrive at the answer

purchased a depreciable asset for $604000 on January 1, 2018. The estimated salvage value is $64000, and the estimated useful life is 9 years. The straight-line method is used for depreciation. In 2021, Sheffield changed its estimates to a total useful life of 5 years with a salvage value of $81000. What is 2021 depreciation expense?

Answers

Answer:

$171,500

Explanation:

The computation of the depreciation expense for the year 2021 is shown below:

For accumulated depreciation

= ($604,000 - $64,000) ×  3 years ÷ 9 years

= $180,000

Now the depreciation expense for the year 2021 is

= ($604,000 - $180,000 - $81,000) ÷ ( 5 years - 3 years)

= $171,500

Hence, the depreciation expense for the year 2021 is $171,500

what general political Trend coincided with the significant increase in private and corporate spending

Answers

What general political trend coincided with a significant increase in private and corporate spending in political campaigns at the turn of the 21st-century

Answer:

A withdrawal of people from the public sphere

Explanation:

At the beginning of 21-century or the new millennium, various research have shown that, coupled with the advent of the internet fair loss of interest in active politics by the general populace, a larger percentage of the general public has withdraw from the public space in terms of politics. This has led to substantial increase in private and corporate spending in political campaigns at the turn of the 21st-century.

Hence, the right answer is: A withdrawal of people from the public sphere

Some of the most common applications of real options are with property and insurance. A real estate option grants the holder the right to buy or sell a piece of property at an established price sometime in the future. If the price of the property goes _____, the owner of the option is likely to buy it. If the market value of the property ______ the strike price, the option holder is unlikely to execute the purchase.

Answers

Answer: up; drops below

Explanation: An option holder may be reffered to an individual who owns an option. Owning an option means that the option holder has the right to buy or sell an asset at a given price sometimes later. Therefore, as an option holder who possess the right to buy or sell, if the established price of the property or asset goes up or increases, the option holder will likely make a purchase or not if the Fair value of the property falls below the price at which the option can be exercised.

Economists consider both explicit costs and implicit costs when measuring economic profit. The reason they consider implicit costs is that

Answers

Answer:

a business must cover its opportunity costs as well as its out-of-pocket expenses to be truly profitable.

Explanation:

Opportunity cost or implicit is the cost of the option forgone when one alternative is chosen over other alternatives.

explicit cost is the actual cost incurred in carrying out a particular action

Economic profit = Total revenue - (implicit cost + explicit cost)

For example , a man leaves his job where he earns $50,000 to start his business. the total revenue of his business is $100,000 while explicit cost is $50,000

Accounting profit = $100,000 - $50,000 = $50,000

Economic profit =  $50,000 - $50,000 = 0

__________ is associated with a person who is crafty or understands right/wrong behavior but uses tricks to obtain an unfair advantage.

Answers

Answer:

Guile

Explanation:

Guile is associated with a person who is crafty or understands right/wrong behavior but uses tricks to obtain an unfair advantage.

For instance, you have an urgent appointment such as a meeting with a business partner but you chose to deceitfully distract him from the fact that you are already lagging behind schedule (time) by telling a joke or mind blowing story. This is typically an example of Guile.

According to an old myth, Native Americans sold the island of Manhattan about 400 years ago for $24. If they had invested this amount at an interest rate of 7 percent per year, how much, approximately, would they have today

Answers

Answer:

FV= $13,605,744,645,293.70  

Explanation:

Giving the following information:

Initial investment= $24

Number of years= 400

Interest rate= 7 percent compounded annually

To calculate the value of the investment today, we need to use the following formula:

FV= PV*(1+i)^n

FV= 24*(1.07^400)

FV= $13,605,744,645,293.70  

Answer:

They would have approximately $14 000 000 000 000.

Explanation:

From the compound interest formula,

Amount = P[tex](1 + \frac{r}{n}) ^{t}[/tex]

Given that: P = $24, R = 7%, t = 400 years,

Amount = 24[tex](1 + \frac{7}{100}) ^{400}[/tex]

 = 24[tex](\frac{107}{100}) ^{400}[/tex]

 = 1.360574465 × [tex]10^{13}[/tex]

The amount they would have is approximately $1.4 × [tex]10^{13}[/tex]

_______________________ is a desirable property of transactions that ensures that once a transaction is committed its results should persist, even if there is a subsequent system failure. Atomicity Concurrency Durability Serializability\

Answers

Answer:

Concurrency is a desirable property of transactions that ensures that once a transaction is committed its results should persist, even if there is a subsequent system failure.

Explanation:

If you perceive that the costs and rewards are balanced between you and your partner, you are more likely to be satisfied with your relationship.

a. True
b. False

Answers

The question is
True

When Louis Martin was born, her father deposited $2000 in a savings account in her name at a savings and loan association (S&L). At the time, the S&L paid 6% interest compounded semi annually. After 10 years, the S&L changed to a rate of 6% compounded quarterly. What was the value of the account after 18 years when the money was withdrawn to help pay for her college expenses

Answers

Answer:

FV= $5,812.85

Explanation:

To calculate the future value, we need to use the following formula:

FV= PV*(1+i)^n

First investment:

PV= 2,000

i= 0.06/2= 0.03

n= 10*2= 20

FV= 2,000*(1.03^20)

FV= $3,612.22

Second investment:

PV= 3,612.22

i= 0.06/4= 0.015

n= 8*4= 32

FV= 3,612.22*(1.015^32)

FV= $5,812.85

Other Questions
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