the following information for five products (a-e) was taken from the inventory records of the walker company who use the fifo method: product a b c d e
# of Units 175 200 250 200 300 Unit cost $5.50 $10.00 $5.10 $5.10 $5.00 Replacement cost per unit $6.00 $9.00 $4.60 $4,50 $4.50 Net realizable value (NRV) per unit $5.20 $12.50 $7.00 $7.00 $7.00 NRV-Normal profit per unit $4.80 $10.30 $5.25 $4.00 $4.80 Required: Determine the valuation of the inventory at the lower of cost or market applied to: a. Individual items b. The inventory as a whole
Answers
a.The valuation of the Individual items are $1,050/$2,000/$1,150/$900/$1,350.
b.The valutions of inventory as a whole is $6,365.
a. Individual Items:
1.For Product A, since the replacement cost per unit ($6.00) is greater than the original cost per unit ($5.50), we use the replacement cost per unit to value the inventory. Therefore, the valuation for Product A is 175 x $6.00 = $1,050.
2.For Product B, the original cost per unit ($10.00) is greater than both the replacement cost per unit ($9.00) and the net realizable value per unit ($12.50 - $10.30 = $2.20), so we use the original cost per unit to value the inventory. Therefore, the valuation for Product B is 200 x $10.00 = $2,000.
3.For Product C, the replacement cost per unit ($4.60) is less than both the original cost per unit ($5.10) and the net realizable value per unit ($7.00 - $5.25 = $1.75), so we use the replacement cost per unit to value the inventory. Therefore, the valuation for Product C is 250 x $4.60 = $1,150.
4.For Product D, the replacement cost per unit ($4.50) is less than the original cost per unit ($5.10) but greater than the net realizable value per unit ($7.00 - $4.00 = $3.00), so we use the replacement cost per unit to value the inventory. Therefore, the valuation for Product D is 200 x $4.50 = $900.
5.For Product E, the replacement cost per unit ($4.50) is less than both the original cost per unit ($5.00) and the net realizable value per unit ($7.00 - $4.80 = $2.20), so we use the replacement cost per unit to value the inventory. Therefore, the valuation for Product E is 300 x $4.50 = $1,350.
b. The Inventory as a Whole:
1.To determine the inventory valuation as a whole, we need to compare the total cost of the inventory to the total market value (replacement cost) of the inventory.
The total cost of the inventory is: (175 x $5.50) + (200 x $10.00) + (250 x $5.10) + (200 x $5.10) + (300 x $5.00) = $6,750.
2.The total market value (replacement cost) of the inventory is: (175 x $6.00) + (200 x $9.00) + (250 x $4.60) + (200 x $4.50) + (300 x $4.50) = $6,365.
Since the total market value is lower than the total cost, we need to adjust the inventory valuation to the lower market value of $6,365. Therefore, the valuation of the inventory as a whole is $6,365.
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Related Questions
What are the two steps in comparison?
Answers
Comparison is the phenomenon of comparing one thing with the other
Comparison typically involves two steps:
Identifying similarities and differences: This step involves looking at the items being compared and noting any similarities and differences between them.
Evaluating the significance of the similarities and differences: This step involves considering how the similarities and differences impact the overall assessment of the items being compared.
It's important to note that, depending on the context, there could be more than 2 steps, but in general comparison is made by identifying similarities and differences, then evaluating them.
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consider a hypothetical situation where there is a simultaneous change in demand and supply. how will the equilibrium quantity and price change as a result of the possible combination of changes to supply and demand in demand and in supply? explain why.
Answers
The equilibrium quantity and price change as a result of the possible combination of changes to supply and demand in demand and in supply If both the supply and demand increase. The equilibrium price is ambiguous and the equilibrium quantity is increased.
In business and also economics, economic equilibrium generally can be defined as a situation in which economic forces such as supply and demand are balanced. In the economic equilibrium, the absence of external influences the values of economic variables will not change. If there is a decrease in supply and a increase in demand, the equilibrium price would increase and the equilibrium quantity is ambiguous. If there is a decrease in both supply and demand, the equilibrium price is ambiguous and the equilibrium quantity is decreased.
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g You have been accepted into college. The college guarantees that your tuition will not increase for the four years you attend college. The first $ 11 comma 800 tuition payment is due in six months. After that, the same payment is due every six months until you have made a total of eight payments. The college offers a bank account that allows you to withdraw money every six months and has a fixed APR of 4.4 % (with semiannual compounding) guaranteed to remain the same over the next four years. How much money must you deposit today if you intend to make no further deposits and would like to make all the tuition payments from this account, leaving the account empty when the last payment is made? (Note: Be careful not to round any intermediate steps less than six decimal places.)
Answers
Answer:
The answer is "85818.18"
Explanation:
Given:
\(\to PMT = \$11,800 \\\\\to n=8 \\\\\to r= \frac{4.4\%}{2}= 2.2\% = 0.022\\\\\to PV=?\)
Using formula:
\(PV = PMT\times \frac{(1- \frac{1}{(1+r)^n} )}{r}\)
\(= 11,800 \times \frac{(1- \frac{1}{(1+0.022)^8} )}{0.022}\\\\ = 11,800 \times \frac{(1- \frac{1}{(1.022)^8} )}{0.022}\\\\ = 11,800 \times \frac{(1- 0.840219648)}{0.022}\\\\ = 11,800 \times \frac{0.160}{0.022}\\\\=11,800 \times 7.272727\\\\=85818.18\)
Pharmacy technicians work in pharmacies that can be found where? Check all of the boxes that apply.
hospitals
drug stores
medical clinics
schools
manufacturing labs
Answers
Answer:
could be 3 of those answer choices
-hospitals
-drug stores
medical clinics
Explanation:
Answer:
1 2 3
Explanation:
Consumer goods classes (convenience, shopping, etc.) are based on the:- characteristics of the product.- importance of the product’s brand name.- buying habits of consumers.- age, income, and occupation of consumers.
Answers
Consumer goods classes, such as convenience, shopping, specialty, and unsought goods, are primarily based on the buying habits of consumers. These classes categorize products according to how frequently consumers purchase them and the effort they put into the buying process.
Convenience goods are everyday items that consumers buy regularly with minimal effort, such as groceries or toiletries. These products are widely available and affordable, making them easily accessible for most consumers.
Shopping goods, on the other hand, require more effort and consideration from consumers before making a purchase. Examples of shopping goods include clothing, electronics, and furniture. Consumers usually compare different brands, prices, and features before deciding on a particular product.
Specialty goods are unique or high-quality products that consumers invest significant time and effort in purchasing, such as luxury cars or designer clothes. These products are not frequently bought and often have a high price tag, attracting a specific target audience.
Unsought goods are products that consumers do not actively seek out but may purchase due to sudden need or awareness. Examples include life insurance and emergency medical supplies. These goods typically require aggressive marketing efforts to generate consumer interest.
In summary, consumer goods classes like convenience, shopping, specialty, and unsought goods are categorized based on the buying habits of consumers. While factors such as product characteristics, brand name, age, income, and occupation can influence consumer behavior, it is primarily their purchasing patterns that determine the classification of consumer goods.
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A ___________ is established when an individual confers legal title to property to another person or institution to manage the property for one or more beneficiaries.
Answers
Answer:
personal trust
Explanation:
What type of selling presentation method is best to use when the salesperson
is inexperienced and is selling a non-technical type of product?
a. formula selling
b. consultative selling
c. one-on-one selling
d.prepared sales presentation
Answers
Answer: Prepared sales presentation.
Explanation:
prepared sales presentation is the type of selling presentation method is best to use when the salesperson is inexperienced and is selling a non-technical type of product. Hence, option D is correct.
What is selling presentation method?A sales presentation, also known as a sales pitch, is a line of argument intended to persuade someone or something. It uses a carefully thought-out sales presentation strategy for a product or service that is intended to open and close a deal.
To allow plenty of room for the additional details, the four categories—memorized, persuasive selling, need-satisfactio, and problem-solution are presented in a zig-zag pattern.
In general, memorized or persuasive selling is preferable while giving a sales presentation. However, the requirements-satisfaction or problem-solution strategies are best if you need to comprehend customer priorities or uncover customer wants or problems.
Thus, option D is correct.
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what is Photosynthesis?
Freé points -,-
Answers
Answer:
photosynthesis is a process by which green plants prepare their own food with the help of sun light and chlorophyll.
Answer:
the process by which green plants and some other organisms use sunlight to synthesize nutrients from carbon dioxide and water. Photosynthesis in plants generally involves the green pigment chlorophyll and generates oxygen as a by-product.
government intervention is one possible solution for market failure. what is one possible reason why a government-controlled used car market may not provide an efficient outcome?
Answers
Correcting market failure issues related to public goods, outside costs and benefits, and perfectly competitive is one of the functions of government. It is always possible for government intervention to lower deadweight losses by bringing markets nearer to efficient solutions.
An outcome can only be accomplished if government actors focus on helping the economy rather than exploiting this option to obtain their personal incentives out of it if government intervention is taken to address market failure.
Government intervention:
Government intervention to correct market imperfections and regulate the macroeconomy may fall short of achieving a socially effective resource allocation. Government engagement in the economy that results in inefficiency and the improper use of limited resources is known as "government failure."
Government-controlled used automobile markets may not be able to achieve the efficient results that we anticipate since the government's incentives may not be in line with what market efficiency prefers.
Government players might have their own motivations that might not line up with the efficiency of the market, which is one cause why a government-controlled used automobile market might not produce an efficient result.
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Which of the following will be accomplished by efficient allocations of the factors of production?ensuring economic profitabilityunderstanding whether a product will failfulfilling many needs and wants of societyreplenishment of limited resources
Answers
When effective allocations are made toward the factors of production, many demands and wants of society will be satisfied.
Which of the following is relevant to the efficiency with which economic resources are distributed?
Economic efficiency refers to a situation in which all resources are properly managed to best serve each person or institution while reducing waste and inefficiency.
In a free market economy, such as supply and demand, affects commodity pricing in a free market economy, resulting in open competition in the marketplace. It makes it possible to use resources in the most effective way possible.
Therefore, In a free market system, resource waste is typically prevented.
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SOLVE THE GRAPH AND THE SUPPLY OR SHORTAGE AND THE PRESSURE OF PRICE
Answers
Answer:
probably cant figure it out
Explanation:
Which player in the economy supplies labor in the factor market?
a. Government
b. Households
c. Business firms
d. Rest of the world
Answers
The player in the economy which supplies labor in the factor market is the households.
What is supply of labor?This refers to the number of labor who are willing and able to find work in an economy. The supply for labor is also the hours worked by a workers within a time period.
Hence, the player in the economy supplies labor in the factor market is the households.
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Answer: Households
HouseHolds supply the factor market.
_____ enables employees who lose their jobs or have their hours reduced to a level at which they are no longer eligible to receive medical, dental or optical benefits have the right to pay to continue receiving benefits for themselves and their dependents under the employer's policy.
Answers
Answer:
employment and labor law
A benefit of using association is that it allows the learner to be creative and have fun
Answers
Answer: True
Explanation:
Answer:
True
Explanation:
6. What does Rose argue should be the last part of a presentation to the VC? Why?
Answers
Rose argued that the last part of a presentation to the VC should be " a wrap-up that leads to the final pitch."
David S. Rose is a prominent angel investor famous for being the founder and Chairman Emeritus of New York Angels.
In one of his entrepreneurship discourses, Rose claimed that the last part of a presentation to the VC should be the overall presentation in a short form that would comprise the main points of the all-around presentation.
Rose concluded that these key points should be the reason to convince a Venture Capitalist to invest in the business.
Hence, in this case, it is concluded that the last part of a presentation is crucial to convince a Venture Capitalist.
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However, in digital marketing, when customers view commercials, they can instantaneously purchase the product through digital media.
a. Trueb. False
Answers
However, in digital marketing, when customers view commercials, they can instantaneously purchase the product through digital media. This is a true statement.
What does marketing for digital services entail?Digital advertising refers to marketing carried out through online channels like websites, streaming media, and more. Text, image, audio, and video formats are all used for digital advertisements.
People may quickly buy things online and find out information. This is a perk of online marketing for customers. Your target audience might get quick and useful service when they need it. They see the promotional materials at their convenience when you advertise your products to them.
The eight main subcategories of digital marketing are affiliate marketing, pay-per-click, social media marketing, content marketing, email marketing, mobile marketing, and marketing analytics.
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Which sentences identity the investing activities of a cash slow statement?
Tyler Enterprises has achieved remarkable growth in the past five years. Qualified accountants have prepared and analyzed the cash flow statement to
offer financial advice to help safeguard the future of the business. It includes details of the amount of cash flowing into and out of the business. The
statement begins with the amount of revenue that the sales team has brought in. It also involves the corresponding marketing campaign costs incurred
in the promotional exhibition. The profit was declared to the shareholders in the form of dividends. The production team undertook projects that involved
installation of automatic botting machines. New dishwashers were installed in the cafeteria as part of an efficiency improvement project. The stakes of
an old division of packing material were sold off in order to concentrate solely on present business. Old investors were issued stocks when their
convertible bonds attained maturity. Some of the old machineries in the production line were sold off as scrap while rest was revamped
Answers
The sentences that identify the investing activities of a cash slow statement are - The production team undertook projects that involved installation of automatic botting machines. New dishwashers were installed in the cafeteria as part of an efficiency improvement project. The stakes of an old division of packing material were sold off in order to concentrate solely on present business. Some of the old machineries in the production line were sold off as scrap.
What are investing activities?Investing activities include the acquisition of physical assets, the purchase of securities, and the sale of securities or assets. Cash flow from investing activities includes long-term cash uses.
Negative cash flow from investing activities may not be a bad sign if management is investing in the company's long-term health.
Therefore, the sentences mentioned above identity the investing activities of a cash slow statement.
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Answer:
"The production team undertook projects that involved installation of automatic bottling machines. New dishwashers were installed in the cafeteria as part of an efficiency improvement project" and "Some of the old machines in the production were4 sold off as scrap while rest was revamped."
Explanation:
I got it right on plato
Florence deposited ₱ 14,800 in a bank that gives 4.35% simple interest. after 2years 4months, she went back to the bank to check her balance. how much was available in her account?
Answers
Answer:
₱ 16,300.054
Explanation:
The formula for calculating simple interest is as below.
I= p x r x t
In this case, p= 14,800, r = 4.35% and t is 2 years and 4 months
the interest rate is in years; we need to convert two years and four months to years.
=4 months = 4/12 of one year = 0.33
2 years 4 months = 2.33 year
I= 14,800 x 4.35/100 x 2.33
I= 14,800 x 0.0435 x 2.33
I=1,500.054
the amount in the bank will be principal plus interest
=14,800 + 1500
=16,300.054
an account that earns ___ interest will result in a higher annual percentage yield
Answers
Answer:
The annual percentage yield (APY) is paid to a depositor by a financial institution. The percentage is based on the existing amount after a certain period. If the owner of saving account choose not to take out the past interest revenue, the amount would be compounded for future years.
Answer:
The answer is C. Compound
Explanation:
I took the quiz :) your welcome <3
Match the ICS Functional Areas with their descriptions.
a. Incident Command
b. Operations
c. Planning
d. Logistic
e. Finance/Administration
f. Intelligence/Investigation
1. Supports the incident action planning process by tracking resources, collecting/analyzing information, and maintaining documentation.
2. Sets the incident objectives, strategies, and priorities, and has overall responsibility for the incident.
3. Ensures that all intelligence/investigations operations and activities are properly managed, coordinated, and directed.
4. Conducts operations to reach the incident objectives. Establishes tactics and directs all operational resources.
5. Monitors costs related to the incident. Provides accounting, procurement, time recording, and cost analyses.
6. Arranges for resources and needed services to support achievement of the incident objectives.
Answers
Answer:
1. Planning.
2. Command.
3. Intelligence/Investigation.
4. Operations.
5. Finance/Administration.
6. Logistics.
Explanation:
ICS is an acronym for incident command systems and can be used for planned events, as well as for emergencies and coordinated responses in various circumstances or organizations.
The five (5) major functional areas of the incident command system (ICS) are;
1. Planning: Supports the incident action planning process by tracking resources, collecting/analyzing information, and maintaining documentation.
2. Command: Sets the incident objectives, strategies, and priorities, and has overall responsibility for the incident.
3. Intelligence/Investigation: Ensures that all intelligence/investigations operations and activities are properly managed, coordinated, and directed.
4. Operations: Conducts operations to reach the incident objectives. Establishes tactics and directs all operational resources.
5. Finance/Administration: Monitors costs related to the incident. Provides accounting, procurement, time recording, and cost analyses.
6. Logistics: Arranges for resources and needed services to support achievement of the incident objectives.
the royal government of bhutan imposes a 10 percent tax on all operating tables, examination tables, and dentist's chairs imported into bhutan. another name for this type of tax is a(n):
Answers
The type of tax imposed by the Royal Government of Bhutan on operating tables, examination tables, and dentist's chairs is called an import duty.
Import duty is a tax imposed by a government on goods imported into a country. This tax is generally a percentage of the value of the goods being imported and is designed to protect domestic industries by making imported goods more expensive. In the case of Bhutan, the import duty on operating tables, examination tables, and dentist's chairs is set at 10 percent of their value. This means that if a dentist in Bhutan imports a chair worth $1000, they would have to pay an additional $100 in import duty to the government.
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Select the following skill that IS NOT involved in critical
thinking:
A.Creativity
B.Analogy
C.Empathy
D.Competence
Answers
Creativity is the correct option. Critical thinking is an intellectual discipline and a skill that involves analyzing information to arrive at a conclusion. The process of critical thinking involves the identification and analysis of information to establish its meaning and validity.
Creativity is a skill involved in critical thinking. It involves creating something new or finding a new way to look at a problem. Therefore, creativity is not the correct answer. Analogy is also a skill involved in critical thinking, as it involves identifying similarities between two or more concepts or situations.
Empathy is the ability to understand the feelings of others. It involves identifying with someone else's situation, feeling, or thought process. Based on the above explanation, Creativity is the correct option.
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l-----------------------------------------------------------
Answers
Answer:
ja. what do you want to ask?
Answer:
Am sorry but there is no question please
Which of the following is NOT an example of a metric
?
Answers
Answer:
can you tell me what the choices are and I'll answer in the comments
Explanation:
floor gang aooh sub to pewdiepie
Suppose 2 athletes sign 10-year contracts for $80 million. In one case, we're told that the $80 million will be paid in 10 equal instalments. In the other case, we're told that the $80 million will be paid in 10 instalments, but the instalments will increase by 5% per year. Who got a better deal and why?
Answers
Answer:
player 2 is signing a better contract
Explanation:
the present value of an annuity (player 1) = annual payment x annuity factor
assuming that the interest rate is 10%
present value = $10 million x 6.1446 (PV annuity factor, 10%, 10 periods) = $61.446 million
player 2's contract
the present value of a growing annuity = [payment / (i - g)] x {1 - [(1 + g) / (1 + i)]ⁿ} = [$10 / (10% - 5%)] x {1 - [(1 + 5%) / (1 + 10%)]¹⁰} = $200 x 0.372 = $74.398 million
in many product categories, 20 percent of the people (heavy users) consume 80 percent of the product. marketers who base their marketing efforts on reaching this 20 percent of heavy users are practicing segmentation.
Answers
In several product categories, 20% of consumers (high users) use 80% of the product. Volume segmentation is a technique used by marketers whose campaigns are based on attracting this 20% of frequent customers.
Volume segmentation refers to the split of a market into segments based on the volume of variable demand for the product by people, groups, or different categories of customers; often, the segments are rated to imply heavy, medium, or light consumption.
The term "segmentation" refers to the division of a market into distinct, actionable, profitable, and portions with room for expansion. To put it another way, due to limitations on time, money, and effort, a Volume segmentation corporation would not be able to target the entire market. It must have a "definable" segment—a large group of customers who can be located and targeted with a fair amount of effort, expense, and time.
With hundreds of products, a proliferation of media, ad fatigue, and general economic issues across the globe markets, Volume segmentation assumes significant importance in today's congested market. A company's ability to successfully segment the market might mean the difference between success and closure.
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The complete question is
In many product categories, 20% of the people consume 80% of the products. Marketers who base their marketing efforts on reaching this 20% are practicing ____ segmentation.
an inferior good is one that: select one: a. no consumers are willing to buy. b. gets poor reviews from objective, independent evaluators. c. is of low quality or not very durable. d. experiences decreased demand when income increases.
Answers
Option d: An inferior good is one that experiences decreased demand when income increases.
Inferior goods are goods that have a negative relationship with income. This means that as income increases, demand decreases and vice versa.
Unlike ordinary goods, it can be said to have a negative income elasticity. As consumer incomes fall, demand increases as inferior goods become affordable alternatives.
A basic example of adulteration is public transport. When consumers have low incomes, they commute by public transport, buses, trains, etc. When incomes increase, they prefer to drive their own cars instead.
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The areas of marketing strategy that should be addressed within the marketing plan are
a. promotional, pricing, distribution, and product and/or service plans.
b. promotional and pricing plans.
c. promotional and distribution plans.
d. promotional, pricing, and distribution plans.
Answers
A marketing plan is a comprehensive document that outlines the overall marketing strategy of a business. It includes various areas such as market research, target audience, competitive analysis, marketing mix, and budget.
The answer to your question is (d) promotional, pricing, and distribution plans.
Within the marketing mix, the areas that should be addressed include the promotional, pricing, and distribution plans. Promotional plans refer to the specific tactics that will be used to communicate the message about the product or service to the target audience. It includes advertising, public relations, sales promotions, and personal selling. Pricing plans refer to the pricing strategy that will be used to price the product or service.
In summary, a marketing plan should address the promotional, pricing, and distribution plans to ensure a comprehensive marketing strategy that will effectively communicate the message about the product or service to the target audience. It includes the pricing objectives, methods, and tactics. Distribution plans refer to the channels that will be used to deliver the product or service to the target audience. It includes the distribution channels, logistics, and inventory management.
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Items that regularly appear on the financial statements of Maple Park Theatres Corp. The amounts shown for balance sheet items are balances as of September 30,2016
Answers
Answer:
Financial Statements are the reports of a company which provide detailed information about company financial position. The Income statement reports the company revenues and expense for the period whereas Balance sheet reports the company assets and liabilities position.
Explanation:
The Maple Park Theaters Corp. has reported the net of $133,562 in its income statement. The company has planned for reinvesting the 80% of net income into the extension of park. The reinvestment decision is taken by the company management for the purpose of increase revenue. The decision seems to be correct as extension of park and its services will attract more people to the park and ultimately revenue will increase and so profit too.
How to transfer money from apple pay to bank instantly?
Answers
To transfer money from Apple Pay to a bank account instantly, you need to follow some simple steps.
First, open the Apple Pay app on your iPhone or iPad and locate the wallet app. Then, select the card you want to transfer funds from and tap on the "i" icon. Next, choose the "Transfer to Bank" option and enter the amount you wish to transfer. At this point, you'll need to input your bank account details, including the account number and routing number. Once you've entered the required information, select "Next" to verify the details.
If everything is correct, tap "Transfer" to complete the transaction. It's worth noting that some banks may take longer to process the transfer, but most transactions will be completed within a few hours. If you're unsure about the status of your transfer, check with your bank to confirm when the funds will be available in your account.
Overall, transferring money from Apple Pay to your bank account is a straightforward process that can be completed quickly and easily. Just be sure to double-check all of your information before submitting the transfer to ensure that everything goes smoothly.
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