The dynamic 12-month cash flow budgeting/forecasting tool, based on the provided inputs, can be implemented in a spreadsheet to calculate the monthly cash flow.
The resulting cash flow projection will help you manage your finances effectively.
To develop the cash flow budgeting/forecasting tool, follow these steps:
Step 1: Set up the spreadsheet:
Create a spreadsheet with twelve columns representing the twelve months.
Label the first column as "Month" and the subsequent columns as "Sales Month 1," "Sales Month 2," and so on.
Step 2: Enter the initial sales and monthly growth rate:
In the "Sales Month 1" cell, enter the initial sales amount of $10,000,000.
To forecast the sales for the subsequent months, multiply the previous month's sales by the growth rate (3.5%). For example, in "Sales Month 2," enter the formula "=Sales Month 1 * (1 + 3.5%)".
Copy this formula to the remaining cells in the sales column to calculate the forecasted sales for each month.
Step 3: Calculate cash collections:
Now, calculate the cash collections based on the provided collection percentages.
To simplify the calculations, assume that the sales for each month are evenly spread over the four collection periods (month of sale, following month, 2 months later, and 3 months later).
In the "Month of Sale Collection" column, enter the formula "=Sales Month * 35% / 4" for each month.
In the "Following Month Collection" column, enter the formula "=Sales Month * 20% / 4" for each month, offset by one month.
In the "2 Months Later Collection" column, enter the formula "=Sales Month * 25% / 4" for each month, offset by two months.
In the "3 Months Later Collection" column, enter the formula "=Sales Month * 18% / 4" for each month, offset by three months.
In the "Never Collected" column, enter the formula "=Sales Month * 2% / 4" for each month.
Step 4: Calculate cash inflows and outflows:
In the "Cash Inflow" column, sum up the collections for each month.
In the "Cash Outflow" column, you can include any expenses or costs for each month. If there are no specific expenses mentioned, you can exclude this column for now.
Step 5: Calculate the ending cash balance:
Start with the initial cash balance of $250,000 in the first month.
In the "Ending Cash Balance" column, subtract the cash outflows from the previous month and add the cash inflow for the current month.
Copy this formula to calculate the ending cash balance for each month.
Step 6: Format the spreadsheet:
Format the cells with appropriate currency formats and adjust the column widths for better visibility.
By following the steps above, you can develop a dynamic 12-month cash flow budgeting/forecasting tool.
This tool will help you project your cash inflows and outflows based on the initial sales, growth rate, and collection percentages provided.
It will allow you to analyze and plan your cash flow effectively, assisting in making informed financial decisions.
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A resident in a particular city pays a water bill of $3.74 per month plus $1.84 per 1000 gallons of water used (up to 4000 gallons). If this city has 641,000 customers that use less than 4000 gallons a month, find its monthly revenue function R(x), where the total number of gallons x is measured in thousands.
R(x)=
(Use integers or decimals for any numbers in the expression. Do not include the $ symbol in your answer.)
The monthly revenue function for the city is R(x) = 3.74 * 641,000 + 1.84 * 641,000 * x, where x represents the number of thousands of gallons used.
To find the monthly revenue function R(x), we need to determine the revenue generated from the fixed charge and the revenue generated from the variable charge based on the number of gallons used.
Given:
Fixed charge: 3.74 per month
Variable charge: 1.84 per 1000 gallons of water used (up to 4000 gallons)
We know that the city has 641,000 customers that use less than 4000 gallons a month.
To calculate the revenue from the fixed charge, we multiply the fixed charge per customer (3.74) by the total number of customers (641,000):
Fixed charge revenue = 3.74 * 641,000
To calculate the revenue from the variable charge, we need to consider that each customer uses x thousand gallons, where x is the number of thousands of gallons used.
For customers using less than 4000 gallons, the variable charge per customer will be 1.84 * x.
So, the revenue from the variable charge is:
Variable charge revenue = 1.84 * x * 641,000
Finally, we can calculate the monthly revenue function R(x) by adding the fixed charge revenue and the variable charge revenue:
R(x) = Fixed charge revenue + Variable charge revenue
R(x) = 3.74 * 641,000 + 1.84 * x * 641,000
R(x) = 3.74 * 641,000 + 1.84 * 641,000 * x
Therefore, the monthly revenue function for the city is R(x) = 3.74 * 641,000 + 1.84 * 641,000 * x, where x represents the number of thousands of gallons used.
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which microbes is used to extract ethanol from fruit juice and sugar molasses ·
Answer:
Yeast
Explanation:
A microbe (microorganism) is a microscopic organism which either exist in its single-celled form or as colony of cells. Example of microbes are bacteria, archaea, algae, protozoa.
Yeast is a microbe used in the extraction of ethanol from fruit juices and sugar molasses. Saccharomyces cerevisiae is a specie of yeast which reacts with fruit juices and sugar molasses in the absence of Oxygen to produce ethanol and carbon dioxide.
(1 point) 20. Samantha, who is the vice president of the marketing department, has asked you to prepare a positioning map for her presentation to the board
Answer:
Answer: You are preparing a map that shows consumer perceptions of the company's brand versus the competition's products.
Explanation:
While preparing a positioning map, one needs to prepare a map that shows consumer's perception of the company's brand against the competitive product in the market.
What is a positioning map?Positioning map is a tool commonly used by people who are marketing or working with the product they are trying to market. The idea is that everyone perceives a particular product differently. Positioning map helps the organization in knowing the actual position of the brand in the competitive marketplace.
What do you mean by consumer's perception?Customers' awareness, impressions, and views about your business, products, and brand are referred to as "customer perception." Multiple factors influence customer perception, including direct and indirect experiences with your services.
What is a brand?A brand refers to an intangible concept of marketing or business world that allows people to recognize a firm, a product, or a person. A product, business, or person's brand is how those who interact with it are perceived.
What is competitive product?Any good or service created, acquired, sold, or distributed by the company is regarded as a competitive product if it directly or indirectly competes with, is strikingly similar to, or reasonably replaces any good or service in the company's analysis, evolution, or style.
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A government corporation receives all or most of its funding from whom? a. Private donors b. State governments c. Local governments d. The federal government please select the best answer from the choices provided a b c d.
A government corporation receives all or most of its funding from the federal government. Hence, the correct option is (D).
What Is A Government Corporation?A government corporation is a company that is officially owned by the government or the state and has the same operational activities as a private company. The capital of this government corporation comes almost entirely from the federal government. The profit generated by the government corporation is also a form of source of state revenue. Goods or services offered by government corporations are usually related to public services. The purpose of forming a government corporation is to create companies that can compete in the private sector but have influence from the government so that they can provide benefits to society.
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watch the data visualization analyst video and write a brief reflection (~100 words) on the following questions. what are the key skills and tools needed for a data visualization analyst? how can this role impact decision making at a company? what skills might you want to develop if you follow this career path?
the key skills and tools needed for a data visualization analyst include proficiency in data analysis, statistics, programming languages, and data visualization software.
A data visualization analyst should also have strong communication skills to effectively present insights and recommendations to stakeholders.
The role of a data visualization analyst can have a significant impact on decision making at a company. By transforming complex data sets into meaningful visual representations, they can help decision makers better understand trends, identify opportunities, and make more informed decisions.
If you are interested in pursuing a career as a data visualization analyst, some skills you might want to develop include proficiency in data analysis and programming languages, knowledge of data visualization software, and strong communication and presentation skills. Additionally, staying up-to-date with industry trends and advancements in data visualization technology can help you stay ahead in this rapidly evolving field.
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Dividends payable is recorded as a credit on the ____________ date and is approved by the board of directors
Answer:
Therefore, the dividends payable account – a current liability line item on the balance sheet – is recorded as a credit on the date of approval by the board of directors.
Debt Irrelerance. Companies A and B differ only in their capital structure. A is financed 30% debt and 70% equity, B is financed 10% debt and 90% equity. The debt of both companies is rixkree. (나 LO16-I) a. Rosencrantz owns 1% of the common stock ofA. What other investment package (involving shares in company B) would produce identical cash flows for Rosencrantz? b. Guildenstern owns 2%
of the common stock of B. What other investment package (involving shares in company A) would produce identical cash flows for Guildenstern?
Company A has a 70% equity proportion, Rosencrantz would need to own 1% * (70% / 90%) = 0.7778% of Company B's common stock to achieve identical cashflows.
a. Rosencrantz owns 1% of the common stock of Company A, which is financed 30% debt and 70% equity. To produce identical cash flows with shares in Company B (financed 10% debt and 90% equity), Rosencrantz would need to own a proportion of Company B's shares that equates to the same equity proportion as in Company A.
Since Company A has a 70% equity proportion, Rosencrantz would need to own 1% * (70% / 90%) = 0.7778% of Company B's common stock to achieve identical cash flows.
b. Guildenstern owns 2% of the common stock of Company B, which is financed 10% debt and 90% equity. To produce identical cash flows with shares in Company A (financed 30% debt and 70% equity), Guildenstern would need to own a proportion of Company A's shares that equates to the same equity proportion as in Company B.
Since Company B has a 90% equity proportion, Guildenstern would need to own 2% * (70% / 90%) = 1.5556% of Company A's common stock to achieve identical cash flows.
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Complete question:
Debt Irrelerance. Companies A and B differ only in their capital structure. A is financed 30% debt and 70% equity, B is financed 10% debt and 90% equity. The debt of both companies is risk free.
a. Rosencrantz owns 1% of the common stock of A. What other investment package (involving shares in company B) would produce identical cash flows for Rosencrantz?
b. Guildenstern owns 2% of the common stock of B. What other investment package (involving shares in company A) would produce identical cash flows for Guildenstern?
maggie corp. has a selling price of $31 per unit, variable costs of $19 per unit, and fixed costs of $121,200. how many units must be sold to break even?
Maggie Corp. needs to sell 10,100 units to break even. To break even, Maggie Corp. must sell enough units to cover its fixed costs and variable costs.
The contribution margin per unit is calculated by subtracting variable costs from the selling price, which in this case is $12 ($31 - $19). Dividing the fixed costs by the contribution margin per unit gives the number of units required to break even, which in this case is 10,100 units ($121,200 ÷ $12).
Therefore, Maggie Corp. needs to sell 10,100 units to break even. It is important to note that any units sold beyond this point will generate profit for the company. Additionally, if the selling price or variable costs were to change, the break-even point would also change accordingly.
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True or false is April 15th is an important date for people who have a job.
Answer:
true
Explanation:
its Tax Day so they are very busy
Marginal revenue product is the: a. change in total output resulting from a unit change in the quantity of a variable input. b. price of the output multiplied by the total units of output produced. c. change in total cost resulting from a unit change in the quantity of a variable input. d. ratio of total revenue to the quantity of a variable input employed. e. change in total revenue resulting from a unit change in the quantity of a variable input.
Answer:
An apple, potato, and onion all taste the same if you eat them with your nose plugged
Explanation:
1. The person who operates a business
under the name of the owner.
Answer:
Franchise
Explanation:
A franchise is someone who uses the name, logo and design of an existing company. I think it's the same thing
describe the accounts payable period, inventory period, accounts receivable period, operating cycle, and cash cycle.
The number of days it takes a business to pay its suppliers is determined by accounts payable days formula.
What is accounts payable?Money owing by a firm to its suppliers is referred to as accounts payable (AP) and is shown as a liability on the balance sheet of the business. It differs from notes payable liabilities, which are obligations made possible by formal legal instrument documents. The primary duties of an accounts payable department include processing and reviewing business dealings between an organization and its suppliers and ensuring that all unpaid invoices from those suppliers are authorized, processed, and paid. When an invoice is processed, its pertinent information is noted and entered into the business's accounting or financial system. The invoices then need to go through the specific business process of the organization in order to be paid.
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Discuss the role of the father in attachment theory
Explanation:
Both parents are considered attachment figures in attachment theory, and the child-father attachment is autonomous from the child-mother attachment. Whereas mothers are commonly involved in caregiving and providing emotional refuge, fathers are particularly involved in play and exploratory undertakings.
Aden is a small engine mechanic who earns a regular hourly rate of $15.68. For overtime, he earns time and a half on Saturdays and double time on Sundays. This week he worked his regular 40 hours plus 8 hours on Saturday and 7 hours on Sunday. What’s his total pay?
Answer:
$1,034.88
Explanation:
Aden total pay will be
regular hours worked x regular pay
=40 hrs x $15.68
=$627.2
Overtime hours
Saturday rate :$15.68 x 1.5 =$23.52
Hours worked on Saturday= 8 hrs
Saturday pay = $15.68 x 8
=$188.16
Sunday rate : $15.68 x 2= $31.36
Hours worked on Sunday = 7
Sunday pay = $31.36 x 7
=$219.
Total pay =$627.2 + $188.16 +$219.52
=$1,034.88
The Bedford Falls Bridge Building Company is considering the purchase of a new crane. George Bailey, the new manager, has had some past management experience while he was the chief financial officer of the local savings and loan. The cost of the crane is $17,291. 42, and the expected incremental cash flows are $5,000 at the end of year 1, $8,000 at the end of year 2, and $10,000 at the end of year 3. A. Calculate the net present value if the required rate of return is 9 percent. B. Calculate the internal rate of return. C. Should Mr. Bailey purchase this crane
A. To calculate the net present value (NPV) of the crane investment, we need to discount the expected cash flows at the required rate of return of 9 percent. The formula for NPV is as follows:
NPV = CF1 / (1 + r)^1 + CF2 / (1 + r)^2 + CF3 / (1 + r)^3 - Initial cost
Where CF1, CF2, and CF3 are the cash flows expected at the end of year 1, year 2, and year 3, respectively, and r is the required rate of return.
Using the provided information, we can calculate the NPV as follows:
NPV = $5,000 / (1 + 0.09)^1 + $8,000 / (1 + 0.09)^2 + $10,000 / (1 + 0.09)^3 - $17,291.42
B. The internal rate of return (IRR) is the discount rate that makes the NPV of an investment equal to zero. We can calculate the IRR by finding the discount rate at which the sum of the present values of the cash flows equals the initial cost. This can be done using trial and error or financial software.
C. To determine whether Mr. Bailey should purchase the crane, we evaluate the NPV and compare it to zero. If the NPV is positive, it indicates that the investment is expected to generate a return higher than the required rate of return and is therefore favorable. If the NPV is negative, it indicates that the investment is expected to generate a return lower than the required rate of return and may not be advisable.
Without the actual cash flows for the subsequent years, it is not possible to calculate the precise NPV and IRR or make a definitive recommendation. However, based on the information provided, Mr. Bailey should calculate the NPV and IRR using the formulas and compare the results to determine if the investment in the crane is financially viable.
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Which of the following is not an example of professional behavior
?
What are the article strategies that are most common for influencers (influencers) on social networks?
Affiliate Marketing, Display Advertising, Sponsored Posts, Photo and Video Sales, Digital Courses, Subscriptions, eBooks, Promote Your Own Products, Co-Create Product Lines are some strategies for influencers.
What distinguishes books from ebooks?Hardcover or softcover binding holds printed pages together in a print book (aka paperback). This is a conventional, tangible book. A digitally prepared file known as an eBook can be viewed on a device like the Kindle or software like Apple Books.
Why are eBooks superior to traditional books?The portability and small weight of eBooks make them convenient to carry. One eBook reader may store thousands of eBooks, eliminating the need to carry many heavy books. It frees up a lot of room, both in your house and your purse. There is no need to be concerned about the storage cap.
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What considerations arise when designing a research study?
Research participants should not be subjected to harm in any ways whatsoever. Respect for the dignity of research participants should be prioritised. Full consent should be obtained from the participants prior to the study.
Someone who creates attractive presentations of food dishes for magazines is called which of the following?
a. food stylist
b. research chef
c. personal chef
d. food preparation worker
Answer:A
Explanation:
What is Agile planning artefact that updated minimally once a year by the Product Owner?
The Agile planning artifact that is updated minimally once a year by the Product Owner is the Product Roadmap.
The Product Roadmap is a high-level visual summary that outlines the overall direction and goals for a product over a specific timeframe, typically over the course of a year or longer.
It is a strategic planning document that helps align the development team, stakeholders, and other teams around a shared understanding of the product vision, objectives, and priorities.
The Product Owner is responsible for creating and updating the Product Roadmap as it serves as a guide for the team's work and the Product Owner's communication with stakeholders.
The Product Owner ensures that the roadmap is aligned with the product vision and is updated at least once a year to reflect changes in the market, customer needs, and the team's understanding of the product.
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Describe a hypothetical government budget that employs an expansionary policy.
Answer:
Expansionary fiscal policy involves strategy which includes tax cutting, rebates and increase spending.
Explanation:
The government budget will be modified to the tax cutting strategies to implement expansionary fiscal policies. This includes increase in spending so that less money is saved and the tax amount on the profit is minimum.
The oil and energy industries are under the regulatory authority of:.
Answer:
The Texas Railroad Commission
What is a sales quote?
Answer:
Explanation:
A sales quote allows a prospective buyer to see the costs that will be involved for desired work.
Report Student is required to discuss the impact of Covic-19 in Public Sector especially on Financial Reporting and Auditing part. Following is the contents to be included: 1. Main risks and challenges associated with Covid-19 spending in the public sector. 2. Impact of Covid-19 on the Financial Reporting and auditing role in maintaining the accountability.
Title: The Impact of COVID-19 on Financial Reporting and Auditing in the Public Sector Main risks and challenges associated with COVID-19 spending in the public sector:
The COVID-19 pandemic has significantly affected the public sector's financial landscape, giving rise to several risks and challenges. Firstly, there has been a surge in government spending to address the health crisis and mitigate its economic impact. This increased spending has exposed the public sector to the risk of fraud, misappropriation, and improper financial management. With the urgency to disburse funds quickly, proper due diligence and oversight measures may be compromised, leading to potential misuse of public resources. Additionally, the pandemic has disrupted normal procurement processes, making it challenging to ensure transparency and competitive bidding for public contracts.
Impact of COVID-19 on Financial Reporting and Auditing in maintaining accountability:
The COVID-19 pandemic has had a profound impact on the financial reporting and auditing functions within the public sector, significantly affecting the maintenance of accountability. Firstly, the crisis has caused substantial economic volatility and uncertainty, leading to increased complexities in financial reporting. Government entities must grapple with new accounting treatments for stimulus packages, loan forgiveness programs, and grants, requiring careful assessment and disclosure to provide accurate and reliable financial information.
Moreover, the shift to remote work arrangements and disruptions in internal controls have raised concerns regarding the accuracy and completeness of financial data. With limited access to physical documents and potential delays in information exchange, there is a heightened risk of errors, omissions, and fraudulent activities. Consequently, auditors face challenges in conducting thorough and effective audits to ensure the integrity of financial statements and compliance with relevant regulations.
To mitigate these challenges, public sector entities should strengthen their internal control systems, enhance transparency and accountability measures, and invest in technology to facilitate remote auditing and financial reporting processes. Additionally, collaboration between governments, auditors, and oversight bodies is crucial to address emerging risks and implement robust monitoring mechanisms.
In conclusion, the COVID-19 pandemic has presented significant risks and challenges in the public sector, particularly in terms of financial reporting and auditing. Effective measures must be implemented to ensure the appropriate use of funds, maintain accountability, and provide accurate financial information during these unprecedented times.
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What should you do when you have multiple goals that conflict with each other?
If you hold the annual nominal interest rate constant while increasing the number of compounding periods per year, then
A)the effective interest rate will increase.
B)the effective interest rate will be halved.
C)the effective interest rate will not change.
D)the effective interest rate will decrease.
When the number of compounding periods per year increases while keeping the annual nominal interest rate constant, it means that the interest is being compounded more frequently within the year.
This results in the compounding effect being applied more often, leading to a higher effective interest rate. The effective interest rate takes into account the compounding frequency and reflects the total interest earned or paid over a year. As the compounding periods increase, the interest is added more frequently, allowing it to accumulate and compound at a faster rate. Therefore, the effective interest rate will increase as the number of compounding periods per year increases. The correct answer is A) the effective interest rate will increase.
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the u.s. government accounting office defines a sweatshop as any manufacturing facility that is guilty of labor abuses such as:
The U.S. Government Accounting Office defines a sweatshop as any manufacturing facility that is guilty of labor abuses.
The U.S. Government Accounting Office (GAO) has established a definition of sweatshops based on labor abuses. According to this definition, a sweatshop refers to any manufacturing facility that is found to engage in labor practices that violate labor laws and are considered abusive or exploitative towards workers.
Labor abuses commonly associated with sweatshops include practices such as paying workers below minimum wage, imposing excessively long working hours without proper compensation, subjecting workers to unsafe and unhealthy working conditions, denying workers their basic rights, and engaging in various forms of worker exploitation.
The GAO's definition serves as a guideline to identify and address labor violations in manufacturing facilities.
By identifying specific criteria that constitute labor abuses, the definition helps government agencies, advocacy groups, and other stakeholders to identify and combat sweatshop practices.
It also helps in developing regulations and enforcement mechanisms to protect workers' rights and ensure fair labor practices in the manufacturing sector.
It is important to note that different organizations and jurisdictions may have their own definitions and criteria for identifying sweatshops, but the GAO's definition provides a general framework to address labor abuses in manufacturing facilities.
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Opportunity cost is best described by which of the following statements?
Choose 1 answer:
Choose 1 answer:
(Choice A)
The value of the next best option given up when making a decision
(Choice B)
The tradeoffs faced when choosing how to use a scarce resource
(Choice C)
The price to a consumer of a good or service
(Choice D)
The cost a buyer sees for something they want
(Choice E, Checked)
The monetary cost of any economic transaction
Answer:
The value of the next best option given up when making a decision.
Explanation: In Opportunity cost means what we give up to get it.
The worth of the next best choice foregone during decision-making. As a result, choice (A) is the right reaction.
What is opportunity cost?The value or gain that is given up in return for engaging in a certain activity as opposed to engaging in a different activity is known as the opportunity cost in microeconomic theory.
To put it another way, it means that by deciding on one path of action (like making an investment), you are giving up the opportunity to choose an other course of action. The best activity is regarded as the one that produces the maximum return among all others, after deducting opportunity costs.
The objective of opportunity cost, which illustrates the relationship between scarcity and choice, is to ensure efficient use of scarce resources. It accounts for all direct and indirect costs associated with decisions.
Hence, option (A) is accurate.
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What is an appraisal? Why is it usually included in the closing costs for buying a home?
The procedure through which a real estate evaluator attempts to discover the fair market value of a home is called a home appraisal. They are frequently used to calculate property taxes, appraisals are typically required in regions.
What is the closing cost?Additional expenses and charges that must be paid at the end of a transaction in real estate that is not included in the property's purchase price is referred to as Closing cost.
A home appraisal is employed to determine a property's worth. Lenders impose these fees in exchange for approving your loan.
Prior to comparing a home to actually acquired properties in the local housing market, licensed real estate evaluators to look at its features and state.
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A financial manager's goal of maximizing current or short-term earnings may not be appropriate because:________
A financial manager's goal of maximizing current or short-term earnings may not be appropriate because it fails to consider the timing of the benefits; increased earnings may be accompanies by unacceptably higher levels of risk; earnings are subjective; and they can be defined in various ways such as accounting or economic earnings.
The goal of financial management is to maximize the current value per share of the existing stock. The goal of financial management is to maximize shareholder wealth. For public companies this is the stock price, and for private companies this is the market value of the owners' equity. There is ambiguity in the criterion, and there is conflict in the short-run versus long-run type of decisions.
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