...Week 1 Checkpoint: Chapter 1 page 25 Questions 13 &14 13. Is a professional accountant a businessperson pursuing profit or a fiduciary that is to act in the public interest? This can be a double edged sword. Of course someone chooses to go into a certain field for financial gain. We all have to make a living but in order to be an Accountant there has to be some kind of pleasure in helping others with their financial futures. An accountant’s main goal is to act in the public interest. An accountant is there to help clients and to make sure things are on the up and up. It is the primary duty to act on behalf of the people not their own financial gain in this career choice. Ethically accountants fall into the same categories as lawyers, teachers and government officials. 14. Why is it important for a professional accountant to understand the ethical trends discussed in this chapter? Accountants have to continuously be aware of all new laws, methods and any new ethical standards there are. It is an accountant’s duty to make sure they are aware of any new social ethical boundaries that are being crossed and how to avoid or handle these situations as they arise. Accountants are the ones that are the governing wall to keep ourselves and our client free of wrong doing whether directly or indirectly. All accountants should be educated with the new tax laws and to make sure that they are acting within the parameters given. Ethics is the most important thing in accounting...
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...• GAAP meaning generally accepted accounting principles (GAAP) are basic sets of rules governing how the financial books and records of an organization are to be maintained; how revenues, expenditures, and expenses are to be accounted for; and how financial statements are to be prepared. (Ch. 3, pg. 20) • Basic accounting formula is used to determine what might be called the net worth of a private nonprofit human service agency. )Ch. 3, pg. 28) • Transaction/T-account is a transaction of any financial activity that causes a change (either an increase or a decrease) in the assets, liabilities, or net assets of a human service agency. At-account is an individual financial account maintained by a human service agency. Individual accounts are called t-accounts because they are separated into a debit side and credit side which gives the account the appearance of the letter T. (Ch. 4, pg. 37) • General Ledger is the name given to the aggregate of all the t-accounts maintained by a human service agency. (Ch. 4, pg.38) • Debit is any entry made to the left side of any t-account. (Ch. 4, pg. 38) • Credit is any entry made to the right side of any t-account. (Ch. 4, pg. 38) • Account balance is the sum of all debits and credits in an individual t-account. (Ch. 4, pg.38) • Trail balance is the totaling of all the debits and credits in the general ledger accounts at the end of an accounting period. (Ch. 4, pg. 39) • Journal is a chronological listing of all transactions. (Ch. 4, pg...
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...ACC 260 WEEK 1 CHECKPOINT To purchase this visit here: http://www.nerdypupil.com/product/acc-260-week-1-checkpoint/ Contact us at: nerdypupil@gmail.com ACC 260 WEEK 1 CHECKPOINT CheckPoint: Ethics in the Accounting Profession • Resource: Business & Professional Ethics • Due Date: Day 5 [post to the Individual forum] • Answer questions 13 and 14 on p. 25 of the text. Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 260 Week 1 Checkpoint in order to ace their studies. ACC 260 WEEK 1 CHECKPOINT To purchase this visit here: http://www.nerdypupil.com/product/acc-260-week-1-checkpoint/ Contact us at: nerdypupil@gmail.com ACC 260 WEEK 1 CHECKPOINT CheckPoint: Ethics in the Accounting Profession • Resource: Business & Professional Ethics • Due Date: Day 5 [post to the Individual forum] • Answer questions 13 and 14 on p. 25 of the text. Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 260 Week 1 Checkpoint in order to ace their studies. ACC 260 WEEK 1 CHECKPOINT To purchase this visit here: http://www.nerdypupil.com/product/acc-260-week-1-checkpoint/ Contact us at: nerdypupil@gmail.com ACC 260 WEEK 1 CHECKPOINT CheckPoint: Ethics in the Accounting Profession • Resource: Business & Professional Ethics • Due Date: Day 5 [post to the Individual forum] • Answer questions 13 and 14 on p. 25 of the text. Home Work Hour aims to provide quality study notes and tutorials to the students...
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...1) Accrual accounting “means that transactions are recognized (recorded) when revenues are earned and when expenses are incurred” (Martin, 2001) the text explains accrual accounting provides a more complete financial picture of a human service agency. 2) Cash method accounting “means that transactions are recognized (recorded) only when cash is received (when revenues are actually received) and only when cash is paid out (when expenses are actually paid)” (Martin, 2001). The text explains that this method is often used, but is not the most accurate method that should be used in a human service agency. 3) A: Recorded using accrual method “Accrual accounting means that transactions are recognized (recorded) when revenues are earned and when expenses are incurred” (Martin, 2001) Accrual accounting gives a human service agency more information and less room for mistakes to be made. B: Recorded using cash method “Only cash in and cash out transactions are recognized (recorded) under cash accounting” (Martin, 2001) when a human agency uses cash accounting it leaves more room for mistakes to be made because not always will all the information be accurate. 4) Revenue recorded equal the cash received, from my understanding of the text that in accrual accounting all revenue earned and expenses are recorder, and in cash accounting then the cash is recorded so I would answer the question as no accrual accounting revenue recorded is not equal to cash received. 5) Statement of cash...
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...ACC 260 Entire Class DQs and all Assignments Purchase here http://chosecourses.com/acc-260-entire-class-dqs-and-all-assignments Product Description Week1 ACC 260 Week 1 - Ethics in the Accounting Profession.doc ACC 260 Week 1 - DQ 2.doc ACC 260 Week 1 - DQ 1.doc Week2 ACC 260 Week 2 - Unethical Practices of Arthur Andersen.doc ACC 260 Week 2 - The Enron and WorldCom Scandals.doc Week3 ACC 260 Week 3 - DQ 1.doc ACC 260 Week 3 - DQ 2.doc Week4 ACC 260 Week 4 - Philosophical Approaches to Ethical Decision Making - Appendix B.doc ACC 260 Week 4 - Critiquing Philosophical Approaches to Ethical Decision Making.doc Week5 ACC 260 Week 5 - DQ 1.doc ACC 260 Week 5 - DQ 2.doc ACC 260 Week 5 - Approaches to Stakeholder Impact Analysis.doc Week6 ACC 260 Week 6 - Presentation of the CEOs Position.doc ACC 260 Week 6 - Presentation of the Stakeholders Positions - Kardell Legal Counsel.doc ACC 260 Week 6 - Presentation of the Stakeholders Positions - Residents of Riverside.doc Week7 ACC 260 Week 7 - DQ 1.doc ACC 260 Week 7 - DQ 2.doc Week8 ACC 260 Week 8 - Briefly Applying a Decision-Making Framework.doc ACC 260 Week 8 - Fully Applying a Decision-Making Framework.doc Week9 ACC 260 Week 9 - Capstone Discussion Question.doc ACC 260 Week 9 - Solving Ethical Dilemmas in the Accounting Profession.doc ACC 260 Entire Class DQs and all Assignments Purchase here http://chosecourses.com/acc-260-entire-class-dqs-and-all-assignments ...
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...ACC 260 Entire Class DQs and all Assignments Purchase here http://chosecourses.com/acc-260-entire-class-dqs-and-all-assignments Product Description Week1 ACC 260 Week 1 - Ethics in the Accounting Profession.doc ACC 260 Week 1 - DQ 2.doc ACC 260 Week 1 - DQ 1.doc Week2 ACC 260 Week 2 - Unethical Practices of Arthur Andersen.doc ACC 260 Week 2 - The Enron and WorldCom Scandals.doc Week3 ACC 260 Week 3 - DQ 1.doc ACC 260 Week 3 - DQ 2.doc Week4 ACC 260 Week 4 - Philosophical Approaches to Ethical Decision Making - Appendix B.doc ACC 260 Week 4 - Critiquing Philosophical Approaches to Ethical Decision Making.doc Week5 ACC 260 Week 5 - DQ 1.doc ACC 260 Week 5 - DQ 2.doc ACC 260 Week 5 - Approaches to Stakeholder Impact Analysis.doc Week6 ACC 260 Week 6 - Presentation of the CEOs Position.doc ACC 260 Week 6 - Presentation of the Stakeholders Positions - Kardell Legal Counsel.doc ACC 260 Week 6 - Presentation of the Stakeholders Positions - Residents of Riverside.doc Week7 ACC 260 Week 7 - DQ 1.doc ACC 260 Week 7 - DQ 2.doc Week8 ACC 260 Week 8 - Briefly Applying a Decision-Making Framework.doc ACC 260 Week 8 - Fully Applying a Decision-Making Framework.doc Week9 ACC 260 Week 9 - Capstone Discussion Question.doc ACC 260 Week 9 - Solving Ethical Dilemmas in the Accounting Profession.doc ACC 260 Entire Class DQs and all Assignments Purchase here http://chosecourses.com/acc-260-entire-class-dqs-and-all-assignments ...
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...FIS 260 COMPLETE CLASS To purchase this visit here: http://www.activitymode.com/product/fis-260-complete-class/ Contact us at: SUPPORT@ACTIVITYMODE.COM FIS 260 COMPLETE CLASS FIS 260 Week 1 Assignment: The Monetary System FIS 260 Week 1 CheckPoint: The Four Pillars and the Components of Finance FIS 260 Week 2 CheckPoint: Functions of the Banking System FIS 260 Week 2 DQs part 1 of 2 FIS 260 Week 2 DQs part 2 of 2 FIS 260 Week 3 Assignment: The Federal Reserve System FIS 260 Week 3 CheckPoint: The Fed Discount Rate and Federal Funds Rate FIS 260 Week 4 CheckPoint: The U.S. Treasury FIS 260 Week 4 DQs part 1 of 2 FIS 260 Week 4 DQs part 2 of 2 FIS 260 Week 5 CheckPoint: Development of the International Monetary System FIS 260 Week 5 Assignment: International Trade FIS 260 Week 6 CheckPoint: The Interest Rate FIS 260 Week 6 DQs part 1 of 2 FIS 260 Week 6 DQs part 2 of 2 FIS 260 Week 7 Assignment: Risk and Diversification FIS 260 Week 7 CheckPoint: Rates of Return FIS 260 Week 8 CheckPoint: Capital Budgeting FIS 260 Week 8 DQs part 1 of 2 FIS 260 Week 8 DQs part 2 of 2 FIS 260 Week 9 Capstone CheckPoint FIS 260 Week 9 Final Project: The Current Financial Environment Activity mode aims to provide quality study notes and tutorials to the students of FIS 260 COMPLETE CLASS in order to ace their studies. FIS 260 COMPLETE CLASS To purchase this visit here: http://www.activitymode.com/product/fis-260-complete-class/ Contact us at: SUPPORT@ACTIVITYMODE...
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...HSM 260 Entire Course FOR MORE CLASSES VISIT www.hsm260edu.com HSM 260 Week 1 CheckPoint Definition Scavenger Hunt HSM 260 Week 1 DQ 1 and DQ 2 HSM 260 Week 2 CheckPoint Accrual Method HSM 260 Week 2 Assignment Personal Balance Statement (Appendix C) HSM 260 Week 3 CheckPoint Cost Per Output Cost Per Outcome Response HSM 260 Week 3 DQ1 and DQ2 HSM 260 Week 4 CheckPoint Financial Ratios HSM 260 Week 4 Assignment Fixed Costs, Variable Costs, and Break HSM 260 Week 5 CheckPoint Forecasting HSM 260 Week 5 DQ1 and DQ2 HSM 260 Week 6 Assignment Fee Setting HSM 260 Week 6 CheckPoint Calculating Fixed Costs, Variable Cost HSM 260 Week 7 CheckPointCatalog of Federal Domestic Assistance HSM 260 Week 7 DQ1 and DQ2 HSM 260 Week 8 Assignment Foundations Paper HSM 260 Week 8 CheckPoint Collaborative Fund-raising Activity HSM 260 Week 9 Capstone DQ HSM 260 Week 9 Final Analyzing Financial Statements ………………………………………………………………. HSM 260 Week 1 CheckPoint Definition Scavenger Hunt FOR MORE CLASSES VISIT www.hsm260edu.com Define each of the following basic accounting terms in your own words by finding sources on the Internet. Provide the URL that supports the definition you have created for each item. GAAP Basic accounting formula Transaction, t-account General ledger Debit Credit Account balance Trial balance Journal Assets Liabilities Net assets Accounts receivable Accounts payable Revenues Post your definitions as a Microsoft® Word attachment...
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...HSM 260 Course Calendar |Monday |Tuesday |Wednesday |Thursday |Friday |Saturday |Sunday | |Week 1 |Day 1 |Day 2 |Day 3 |Day 4 |Day 5 |Day 6 |Day 7 | |HSM 260 |Post Bio 12/02 |DQ 1 12/03 | |DQ 2 12/05 |Definition Scavenger Hunt Check Point 12/06 | | | |Week 2 |Day 1 |Day 2 |Day 3 |Day 4 |Day 5 |Day 6 |Day 7 | |HSM 260 | | | |Accrual Method CheckPoint 12/12 | | |Personal Balance Statement 12/15 | |Week 3 |Day 1 |Day 2 |Day 3 |Day 4 |Day 5 |Day 6 |Day 7 | |HSM 260 | |DQ 1 12/17 | |DQ 2 12/19 |Cost Per Output/Cost Per Outcome Response CheckPoint 12/20 | | | |Week 4 |Day 1 |Day 2 |Day 3 |Day 4 |Day 5 |Day 6 |Day 7 | |HSM 260 | | | |Financial Ratios CheckPoint 01/09 | | |Fixed Costs, Variable Costs, and Break-Even Point 01/12 | |Week 5 |Day 1 |Day 2 |Day 3 |Day 4 |Day 5 |Day 6 |Day 7 | |HSM 260 | |DQ 1 01/14 | |DQ 2 01/16 |Forecasting CheckPoint 01/17 | | | |Week 6 |Day 1 |Day 2 |Day 3 |Day 4 |Day 5 |Day 6 |Day 7 | |HSM 260 | | | |Calculating Fixed Costs, Variable Costs, and Break-Even Point for a Program CheckPoint 01/23 | | |Fee Setting 01/26 | |Week 7 |Day 1 |Day 2 |Day 3 |Day 4 |Day 5 |Day 6 |Day 7 | |HSM 260 | |DQ 1 01/28 | |DQ 2 01/30 |Catalog of Federal Domestic Assistance CheckPoint 01/31 | | | |Week 8 |Day 1 |Day 2 |Day 3 |Day 4 |Day 5 |Day 6 |Day 7 | |HSM 260 | | | |Collaborative Fund-raising Activity CheckPoint 02/05 | | |Foundations Paper 02/09 | |Week 9 |Day 1 |Day 2 |Day 3 |Day 4 |Day 5 |Day 6 |Day 7 | |HSM 260 | | |Capstone Discussion Question ...
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...ACC 260 Week 4 Critiquing Philosophical Approaches to Ethical Decision Making Get Tutorial by Clicking on the link below or Copy Paste Link in Your Browser https://hwguiders.com/downloads/acc-260-week-4-critiquing-philosophical-approaches-to-ethical-decision-making/ For More Courses and Exams use this form ( http://hwguiders.com/contact-us/ ) Feel Free to Search your Class through Our Product Categories or From Our Search Bar (http://hwguiders.com/ ) As a student we are required to evaluate the philosophical approaches for each scenario from Appendix B. Evaluating whether or not the reasoning for the course of action listed makes sense. While working on the evaluation of the philosophical approaches we will discuss if the course of action is the most ethical, the best reasons for making the choices, and the reasons for believing this alternative is ethical. Consequentialism is the intent to maximize the usefulness of a decision. For this the relevance of this act depends on its consequences. For this approach it is essential to have a good ethical decisions and perception of it. With this it is important for students to analyze a decision in how the harmful and/or the benefits. This many philosophers’ debate ht consequences should count Deontology is different because it focuses on the obligation or duty in motivating the decision or the actions of the consequences. This depends on the respect, rights, and fairness. This approach brings up issues related to...
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...ACC 260 Week 2 The Enron and WorldCom Scandals Material A+Grade Get Tutorial by Clicking on the link below or Copy Paste Link in Your Browser https://hwguiders.com/downloads/acc-260-week-2-the-enron-and-worldcom-scandals/ For More Courses and Exams use this form ( http://hwguiders.com/contact-us/ ) Feel Free to Search your Class through Our Product Categories or From Our Search Bar (http://hwguiders.com/ ) Assignment: The Enron and WorldCom Scandals • Resource: Business & Professional Ethics • Due Date: Day 7 [Individual forum] • Review the accounts of the Enron and WorldCom scandals in Ch. 2 of the text: o Enron’s Questionable Transactions on pp. 96-107 o WorldCom: The Final Catalyst on pp. 114-118 • Answer the following questions using complete sentences: o Enron: 1, 3, 5, 6, and 9 on pp. 106-107 o WorldCom: 1, 3, 4, and 5 on p. 118 • Post your answers as an attachment. Clearly label the case and question number for each of your responses. Enron questions 1, 3, 5, 6, and 9 1. Which segment of its operations got Enron into difficulties? The first thing that got them into trouble was the fact that Kopper was appointed to Fastow and he was an employee of Enron. I do not believe that he had the best interest involved. Another thing was that over 11 million was suppose to be invested and it never was. I believe that this was the start of the problems! Another thing was the fact that Enron was incorrectly booking revenue for services that was...
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...demand data below Period 1 2 3 4 5 6 7 8 9 10 Demand 40 33 56 43 23 45 38 40 29 40 a. Calculate the forecast for periods 7 through 11 using moving average models with n=2, n=4, and n=6 b. Calculate the bias and MAD for each set forecasts. Which moving average model is best? Table for n=2 Period Demand Moving Average for n=2 MFE MAD 1 40 2 33 3 56 4 43 5 23 6 45 7 38 34 4 4 8 40 41.5 -1.5 1.50 9 29 39 -10 10.00 10 40 34.5 5.5 5.50 11 34.5 -2 21.00 Period Demand Moving Average for n=4 MFE MAD 1 40 2 33 3 56 4 43 5 23 6 45 7 38 41.75 -3.75 3.75 8 40 37.25 2.75 2.75 9 29 36.5 -7.5 7.5 10 40 38 2 2 11 36.75 -6.5 16 Table for n= 4 Table for n=6 Period Demand Moving average for n=6 MFE MAD 1 40 2 33 3 56 4 43 5 23 6 45 7 38 40 -2 2 8 40 39.67 0.33 0.33 9 29 40.83 -11.83 11.83 10 40 36.33 3.67 3.67 11 35.83 -9.83 17.83 Which moving average model is best? Table for n=2 is the best option because is the one forecast that has the lower % of error Problem 3 3. If last period’s forecast was 27 and the demand was 30, what was the forecast error? What would be forecast for the next period using an exponential smoothing model with alpha=.5? Dt -Ft = Forecast error Dt=30 Ft=27 Forecast error=30-27= 3 Ft+1 = α dt + (1- α) Ft Ft+1 = (.5) (30) + (1-.5) 27 Ft+1 = 15+ .5 (27) Ft+1 = 15+ 13.5 Ft+1 = 28.5 ...
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...in the Global Environment Compulsory formative assignment Assignment code: 904MGEV.1 | Answer 1 : (a) Total Product Curve Labour (workers per week) | Output (toys per week) | 1 | 10 | 2 | 30 | 3 | 60 | 4 | 100 | 5 | 150 | 6 | 210 | 7 | 260 | 8 | 300 | 9 | 330 | 10 | 350 | (X-axis = labour , Y-axis =Output) (b) Average Product of Labour (APL) APL = Output/Labour Labour (workers per week) | Output (toys per week) | (Output / Labour)APL | 1 | 10 | 10 | 2 | 30 | 15 | 3 | 60 | 20 | 4 | 100 | 25 | 5 | 150 | 30 | 6 | 210 | 35 | 7 | 260 | 37.14 | 8 | 300 | 37.5 | 9 | 330 | 36.67 | 10 | 350 | 35 | (X-axis = labour , Y-axis =APL) Labour (workers per week) | Output (toys per week) | Marginal Product of labour MPL | 1 | 10 | 10 | 2 | 30 | 20 | 3 | 60 | 30 | 4 | 100 | 40 | 5 | 150 | 50 | 6 | 210 | 60 | 7 | 260 | 50 | 8 | 300 | 40 | 9 | 330 | 30 | 10 | 350 | 20 | (c) Marginal product of labour (MPL) : MPL = Change in Output / Change In Labour (X-axis = labour , Y-axis =MPL) Labour (workers per week) | Output (toys per week) | Average Product of Labour APL | Marginal Product of Labour MPL | 1 | 10 | 10 | 10 | 2 | 30 | 15 | 20 | 3 | 60 | 20 | 30 | 4 | 100 | 25 | 40 | 5 | 150 | 30 | 50 | 6 | 210 | 35 | 60 | 7 | 260 | 37.14 | 50 | 8 | 300 | 37.5 | 40 | 9 | 330 | 36.67 | 30 | 10 | 350 |...
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...statistical analysis on types of customers attracted by CPResorts Forster and the length, money they are willing to spend among 200 observations over 2 levels of income. The main purpose of the report is to decide whether the customers who prefer to staying a full week is more than 50% and the average customer spends more than $260 per day in excess of accommodation costs. This analysis focuses on the income level, expenditure and age group. What’s more, there will be some analysis about how the income level affects expenditure. Key points * 31% of customers’ consume on the new facility earn under 80000 while 69% earn over 80000. * The average expenditure of customers with higher income (>$80000) is 1466.81 dollars while those with lower income (<$80000) is 517.71 dollars. * Average expenditure per day and average length are increasing with the increment of income. * A positive linear relationship is shown between average expenditure per day and average length with the correlation coefficient is 0.907. 2.0 DATA DESCRIPTION 2.1 Income levels An important key point that may affect customers’ preference is the income they received or the disposal money they can use. Based on the figure 1 below, the dispatcher assigns two levels of income. It is obviously to see that customers with income under 80000 cover 31% of all. The more customers earn, the more they are willing to pay for the...
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...Loupu Nyenlekewoi HAS 525 Fanancial Health Management Dr. April 27, 2014 Strayer University 8.1 Assignment Exercise: a.1) FIFO Time | Purchase or Sale | Units | Cost | Total = Cost x Units | 1 | I | 25 | 000 | $0.00 | 2 | P | 6 | 500 | $3,000.00 | 3 | S | 90 | 000 | $0.00 | 4 | P | 32 | 000 | $0.00 | 5 | p | 20 | 000 | $0.00 | Calculate Unit Items: Units available for sale = 6 + 32 = 38 Units sold = 25 + 90 + 20 = 135 Units in Ending Inventory = 38 - 135 = -97 Calculate Ending Inventory (last Cost Entry): Ending Inventory = -97 units x $0.00 cost = $0.00 Cost of goods sold: Unit Unit cost Total Inventory 500 $ 50 $25,000 Purchase 1 400 $ 80 $6,500 Purchase 2 100 $ 65 $32, 000 Purchase 3 400 $ 50 $ 20, 000 = 1400 = $83, 500 b.1) LIFO- Time | Purchase or Sale | Units | Cost | Total = Cost x Units | 1 | I | 25 | 000 | $0.00 | 2 | P | 6 | 500 | $3,000.00 | 3 | S | 90 | 000 | $0.00 | 4 | P | 32 | 000 | $0.00 | 5 | p | 20 | 000 | $0.00 | Calculate Unit Items: Units available for sale = 6 + 32 = 38 Units sold = 25 + 90 + 20 = 135 Units in Ending Inventory = 38 - 135 = -97 Calculate Ending Inventory...
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