you borrowed $500,000 at 7% annual interest rate that you must repay over 5 years. the loan is amortized into five-equal end-of-year payments. (1) calculate annual payment amount.
Answers
The annual payment amount for a $500,000 loan at a 7% annual interest rate to be repaid over 5 years with five-equal end-of-year payments is $143,265.32.
To calculate the annual payment amount, we can use the formula for the present value of an annuity:
PV = PMT x [1 - (1 + r)⁻ⁿ] / r
where PV is the present value of the loan, PMT is the annual payment amount, r is the annual interest rate, and n is the number of years.
We know that PV is $500,000, r is 7%, and n is 5. We can solve for PMT:
PMT = PV x r / [1 - (1 + r)⁻ⁿ]
= $500,000 x 7% / [1 - (1 + 7%)⁻⁵]
= $143,265.32 (rounded to two decimal places)
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Related Questions
write a short response paragraph explaining how a credit score could contribute to keeping someone caught in a cycle of poverty
Answers
Answer:
A credit score is a numerical representation of a person's creditworthiness, which lenders use to determine their ability to repay loans. Unfortunately, people with low credit scores may find it difficult to access credit, which can make it challenging to obtain loans to start a business, purchase a home, or cover emergency expenses. This lack of access to credit can make it challenging for people caught in the cycle of poverty to break free, as they may not have the resources to address urgent financial needs or invest in income-generating opportunities. Additionally, without access to credit, they may turn to predatory lenders or high-interest credit cards, further perpetuating the cycle of poverty. Therefore, a low credit score can contribute to keeping someone caught in a cycle of poverty by limiting their financial options and making it difficult to improve their economic situation.
Explanation:
Suppose that a consumer has a utility function
(x1,x2)=x11/4x23/4. She originally faces prices
(2,1) and has income of $200. Then the price of good 1 increases to
$5. Calculate the compensating and equivalent variations.
Answers
When the price of good 1 increases from $2 to $5, the consumer's utility function and initial income of $200 are taken into consideration to calculate the compensating variation (CV) is Yc - $200and equivalent variation is Ye - $200,
To calculate the compensating and equivalent variations, we need to compare the consumer's utility levels before and after the price change. The utility function given is U(x1, x2) = x1^1/4 * x2^3/4, where x1 represents the quantity of good 1 and x2 represents the quantity of good 2.
Initially, the consumer faces prices (2, 1) and has an income of $200. With these prices and income, the consumer chooses an optimal bundle of goods that maximizes utility. Let's assume this bundle is (x1*, x2*). We can use the budget constraint equation to determine the initial consumption bundle: 2x1* + x2* = 200.
After the price of good 1 increases to $5, the new budget constraint becomes 5x1 + x2 = 200. To find the compensating variation, we need to determine the income level that would keep the consumer at the same utility level as before the price change. We adjust the income until the consumer reaches the same utility level with the new prices. Let's assume the new income level is $Yc.
To calculate the compensating variation, we equate the utility levels before and after the price change: U(x1*, x2*) = U(x1c, x2c). Using the utility function, we can substitute the initial bundle and solve for the new bundle (x1c, x2c). The compensating variation (CV) is the difference between the initial income and the new income: CV = Yc - $200.
The equivalent variation (EV) measures the change in income needed to achieve the new utility level at the original prices. We use the same approach as for the compensating variation but keep the original prices and solve for the new income level (Ye).
The equivalent variation (EV) is the difference between the new income and the initial income: EV = Ye - $200.
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henry is the landlord of a single family home. A new tenant, Brian moved into rental house in Febuary 2021. Brian paid $2000 in advance payments in Feburary 2021, $1000 for the first and last month of rent. Brian also paid $10000 in rent during the remainder of the tax year. What amount does Henry include in gross rental income for this property in 2021?
a. $2000
b. $10,000
c. $11,000
d. $12,000
Answers
Henry should include $11,000 in gross rental income for this property in 2021.
Explanation: The gross rental income includes all rental payments received during the tax year. In this case, Brian paid $2,000 in advance payments in February 2021, which covers the first and last month's rent. Additionally, he paid $10,000 in rent during the remainder of the tax year. Therefore, the total rental income for 2021 is $2,000 + $10,000 = $12,000.
However, it's important to note that the last month's rent is considered a security deposit and not included in the landlord's gross income until it's actually applied to the last month's rent. So, the correct amount to be included in the gross rental income for 2021 is $10,000 (rent received during the tax year) + $1,000 (advance payment for the first month's rent) = $11,000.
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pleaaaaase help giving brainliest
Use the table to determine how many workers the firm will employ when the cost per good is $6, and the wage rate
is $25
A 3 workers
B 5 workers
C 2 workers
D 4 workers
Answers
The firm will employ 3 workers
Marginal cost is the change in total cost as a result of hiring one more unit of labour. The marginal cost of labour is equal to the wage rate.
Marginal revenue is the change in total revenue when output is increased by one unit
A rational producer would continue to higher labour as long as marginal revenue is higher or equal to marginal cost. If marginal revenue is less than marginal cost it means that productivity has fallen.
Looking at the marginal revenue and marginal cost on the table, marginal revenue is greater than marginal cost when 1,2 and 3 units of workers are used. But the number of workers that yields the highest product is 3 workers. So, 3 workers should be employed.
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Answer:
A 3 workers
Explanation:
At the beginning of the day, stock XYZ opened at $4.25. At the
end of the day, it closed at $5.25. What is the rate of change
of stock XYZ?
Answers
Answer:
23.53 %
Explanation:
The rate of change would be actual change/ original cost x 100
The actual change
= $5.25 - $4.25
=$1
The rate of change
=$1/$4.25 x 100
=0.2353 x 100
=23.53 %
most four year colleges want an applicants scores for all of the following except
A.class rank
B.IQ
C.GPA
D.standerdized tests
Answers
Answer:
I think it is IQ.
I'm not 100% sure
Explanation:
Which of the following is a true statement regarding operating costs:
They are fixed expenses.
They are not directly related to production.
They occur once or twice a year.
Only some businesses have them.
Answers
Answer:
They are not directly related to production.
Explanation:
Operating expenses are the costs incurred in running the affairs of a business on a day-to-day basis. They refer to the expenses associated with the maintenance and administration of a business. Operating expenses are also operational costs and include rent, machinery, payroll services, utilities, uniforms, and office supplies. operating cost also covers overhead expenses as well as the cost of goods sold
A) Will the aggregate quantity of goods and services demanded become more sensitive or less sensitive to changes in the price level if an economy becomes closed (that is, as foreign trade disappears)? In terms of the AD/AS diagram, will the AD curve become steeper or flatter?
B) There is an increasing trend of globalization in the world, part of which is manifested in credit and input markets. It could be argued that this will cause interest rates to be determined in international credit markets rather than in national credit markets, and most small, national fluctuations will have no effect. How might this change the relationship between the aggregate quantity of goods and services demanded and the price level in a nation's economy? That is, In terms of the AD/AS diagram, will the AD curve become steeper or flatter?
C) Now, consider that many people have become more sophisticated in their financial dealings. Instead of holding cash or assets such as checking or savings deposits (which are basically the same as cash), they keep their wealth in assets whose value will NOT generally change with the price level. How might this change the relationship between the aggregate quantity of goods and services demanded and the price level in an economy? That is, In terms of the AD/AS diagram, will the AD curve become steeper or flatter?
Answers
A) If an economy becomes closed and foreign trade disappears, the aggregate quantity of goods and services demanded will become more sensitive to changes in the price level. In terms of the AD/AS diagram, the AD curve will become steeper.
This is because without foreign trade, the economy becomes more reliant on domestic production and consumption. Changes in the price level will have a larger impact on the purchasing power of domestic consumers and businesses, leading to more significant changes in the quantity of goods and services demanded.
B) With increasing globalization and the determination of interest rates in international credit markets, the relationship between the aggregate quantity of goods and services demanded and the price level in a nation's economy may change. In terms of the AD/AS diagram, the AD curve may become flatter. This is because international capital flows and interest rate determination in international markets can lead to greater stability in domestic interest rates. Smaller, national fluctuations in interest rates may have minimal effects on the overall aggregate demand for goods and services.
C) If individuals become more sophisticated in their financial dealings and hold their wealth in assets whose value does not generally change with the price level, the relationship between the aggregate quantity of goods and services demanded and the price level may change. In terms of the AD/AS diagram, the AD curve may become flatter. This is because individuals' wealth holdings in assets that are unaffected by price level changes reduce the wealth effect on consumption. As a result, changes in the price level will have a relatively smaller impact on the aggregate quantity of goods and services demanded.
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PLEASE HELP!!!!!!
TRUE/FALSE: Having product knowledge will make you more confident when assisting customers.
True
False
Answers
Answer:
true
Explanation:
True because this is what makes the customer's experience better with the staff
During the year, Green, Inc., incurs the following research expenditures:
In- house wages, supplies, computer time $60,000
Paid to Blue Foundation for research $30,000
Green's quaifying research expenditures for the year are:
a. $60,000
b. $75,000
c. $79,500
d. $90,000
e. None of these
Answers
The qualifying research expenditures for Green, Inc. for the year are $75,000.
The qualifying research expenditures for a company are the sum of the amounts paid or incurred during the taxable year for qualified research. Qualified research is defined as research that is undertaken for the purpose of discovering information that is technological in nature, and the application of which is intended to be useful in the development of a new or improved business component of the taxpayer.
In this case, Green, Inc. incurred $60,000 in in-house wages, supplies, and computer time, which are qualifying research expenditures. Additionally, Green, Inc. paid $30,000 to the Blue Foundation for research, which is also a qualifying research expenditure.
Therefore, the qualifying research expenditures for Green, Inc. for the year are $60,000 + $30,000 = $75,000.
The answer is (b) $75,000
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are the costs related to the product that have to be paid regardless of the amount you sell.
A) Fixed cost
B) Opportunity costs
C) Variable costs
D) none of the above
Answers
Answer:
C) Variable costs
Explanation:
suppose you borrowed $25,000 at a rate of 8% and must repay it in 4 equal installments at the end of each of the next 4 years. how much is the loan balance after you pay the first instalment at the end of first year?
Answers
The loan balance after paying the first installment at the end of the first year is $20,750.
After borrowing $25,000 at a rate of 8% and repaying it in 4 equal installments over 4 years, the loan balance after paying the first installment at the end of the first year can be calculated using the formula for the balance of a loan after n years:
Balance = Principal * (1 + Interest Rate)^n - Installment
In this case, the principal is $25,000, the interest rate is 8%, the number of years is 1, and the installment amount is the total loan amount divided by the number of installments (i.e., $25,000 / 4 = $6,250).
Substituting these values into the formula:
Balance = $25,000 * (1 + 0.08)^1 - $6,250
Simplifying the equation:
Balance = $25,000 * 1.08 - $6,250
Balance = $27,000 - $6,250
Balance = $20,750
Therefore, the loan balance after paying the first installment at the end of the first year is $20,750.
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The loan balance after paying the first installment at the end of the first year is $20,750.
After borrowing $25,000 at a rate of 8% and repaying it in 4 equal installments over 4 years, the loan balance after paying the first installment at the end of the first year can be calculated using the formula for the balance of a loan after n years:
\(Balance = Principal \times (1 + Interest Rate)^n - Installment\)
In this case, the principal is $25,000, the interest rate is 8%, the number of years is 1, and the installment amount is the total loan amount divided by the number of installments (i.e., \(\frac {\$25,000}{4} = \$6,250\)).
Substituting these values into the formula:
\(Balance = \$25,000 \times (1 + 0.08)^1 - \$6,250\)
Simplifying the equation:
\(Balance = \$25,000 \times 1.08 - \$6,250\)
=> \(Balance = \$27,000 - \$6,250\)
=> \(Balance = \$20,750\)
Therefore, the loan balance after paying the first installment at the end of the first year is $20,750.
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The following data for the Spring Green Garden Supplies Company pertains to the production of 5,000 shovels during March. Direct Labor Standard cost is 10 shovels per hour at $40 per hour Actual cost per labor hour was $42. Actual labor hours were 480. Actual Direct Labor quantity (or efficiency or usage) variance was $800 favorable What is the direct labor price/rate variance?
Answers
Based on the standard and actual rates per hour, the direct labor price/rate variance for Spring Green Garden Supplies is $960 Unfavorable.
What is the direct labor price/ rate variance for Spring Green?This can be found by the formula:
= (Standard labor rate per hour - Actual labor rate) x Number of hours worked
Solving gives:
= (40 - 42) x 480
= - 2 x 480
= -$960
In conclusion, the direct labor price variance is $960 Unfavorable.
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On January 2, 2020, All Good Company purchased 6,000 shares of the stock of Big Bad Company, and DID obtain significant influence. The investment is intended as a long-term investment. The stock was purchased for $10.00 per share, and represents a 30% ownership stake. Big Bad Company made $450,000 of net income in 2020, and paid dividends to All Good Company of $40,000 on December 15, 2020. Big Bad Company's stock was trading on the open market for $15.50 per share at the end of the year. Use this information to determine the book value of the investment that should be reported at year end by All Good Company. Round to nearest whole number (no cents).
Answers
Answer:
$155,000
Explanation:
Calculation to determine the book value of the investment that should be reported at year end by All Good Company
Initial investment (6,000* $10.00 per share) $60,000
Add: Net income ($450,000*30%) $135,000
Less: Dividend ($40,000)
Ending balance of investment $155,000
($60,000+$135,000-$40,000)
Therefore the book value of the investment that should be reported at year end by All Good Company is $155,000
The book value of the investment that should be reported at year-end would be $155,000 by All Good Company.
What is the calculation of the book value of the investment?The initial investment is derived as;
\(6,000* 10.00\\=60,000\)
Now, net income would be;
\(450,000*0.30\\=135,000\)
The Dividend is given as $40,000, which would compute the ending balance of investment as;
\(60,000+135,000-40,000\\=155,000\)
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In the near future, the world is unlikely to exhaust its usable oil supplies because it is possible to use more unconventional heavy oil from depleted oil wells and other sources. Increasing the use of heavy oil will likely result in ________, among other consequences.
Answers
One major consequence of using heavier oil is that the oil will result in lower energy yields.
There are several types of oil used for energy:
Very light oil Light oil Heavy oilVery light and light oils have high energy yields such that then they are processed, they give off gasoline that gives more energy when used. Heavy oils on the other hand, do not have as much energy and so give off less energy when used.
In conclusion, heavy oil gives less energy yields.
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Which situation best illustrates how global trade promotes specialization?
A. A country sets strict limits on the amount of goods it can import
from other countries in a single year.
B. A country tries to export as many goods as possible by making a
huge variety of different products.
C. A country imports food and medicine from its neighbors so that
its workers can focus on making cars.
D. A country ensures that it will not become too reliant on trade by
producing all of its own food and clothing,
Answers
Answer:
C. A country imports food and medicine from its neighbors so that
its workers can focus on making cars.
Explanation:
Just got it right on my quiz!
The situation that best illustrates how global trade promotes specialization is that a country imports food and medicine from its neighbors so that its workers can focus on making cars.
Specialization by nations or individuals makes them to produce at the lowest cost and then trade with others,International trade often promotes specialization and division of labor and increases output and consumption. When an economy specializes in production, it brings about gains from international trade.
An example, a country can produce rice at a lower cost than beans, it can choose to specialize and dedicate all its resources to the production of rice, using some of them to trade for beans.
Conclusively, by specialization, countries specialize in certain products which they trade for other goods.
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For each situation, select one option from below that you think will help increase profit.
A shop that sells fine glassware offers gift wrapping at no extra cost ?
A. Avoid extra payroll expenses.
B. Get the best rates on advertising.
C. Change the product you provide.
D. Use resources wisely.
E. Beat the competition.
F. Get the best rates on supplier purchases.
G. Eliminate some free services.
H. Increase worker efficiency.
Answers
Option E, beat the competition, could help increase profit for the shop that sells fine glassware by offering gift wrapping at no extra cost.
By doing so, the shop may attract more customers compared to competitors who charge extra for gift wrapping. This can potentially increase sales and revenue for the business. Offer promotions and discounts to attract customers, improve customer service and satisfaction to encourage repeat business, expand marketing efforts to reach new audiences, introduce new products or services to diversify offerings and generate interest, and utilize social media and online platforms to expand reach and engage with customers.
Additionally, offering unique and attractive features can differentiate the shop from competitors, allowing it to stand out and gain a competitive advantage.
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What is a benefit for working in the modern manufacturing industry?
a
Competitive salaries
b
No skills needed for entry-level positions
c
Simple technology that is easy to use
d
Repetitive responsibilities
Answers
Answer:
a. competitive salaries
Competitive salaries are a benefit for working in the modern manufacturing industry. Hence, option A is correct.
What is modern manufacturing industry?Modern manufacturing industries can be defined as the making of finished goods from raw materials.Workers in the modern work together to solve problems by producing high-quality goods.
Manufacturing is the process of creating new goods from components or raw materials. Automotive businesses, bakeries, shoemakers, and tailors are all examples of manufacturing because they all produce goods rather than provide services.
Boost the effectiveness of your company's systems. Streamline the interactions you have with suppliers and clients. boost the production process's speed, adaptability, and effectiveness. broaden the range of possible outputs.
Thus, option A is correct.
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Define careere pleaseeeeeeeeee
Answers
Answer:
a profession or occupation chosen by one's life work.
Having or following a career as specific career diplomat.
Explanation:
Hope this helps.. ;)
FYI I did research and I didn't copied and pasted..
Answer: an occupation undertaken for a significant period of a person's life and with opportunities for progress.
Like a police officer, fire fighter, cashier, fast food worker, teacher, principle, Etc....
Hope this helps... Stay safe and have a great Thanksgiving!!! :D
a company charting its profits notices that the relationship between the number of units sold, x, and the profit, p, is linear. if 190 units sold results in $1140 profit and 240 units sold results in $3940 profit, write the profit function for this company.
Answers
Profit function: p(x) = 20x + 150, where x represents the number of units sold and p(x) represents the corresponding profit.
To find the profit function, we need to determine the relationship between the number of units sold (x) and the profit (p). Given that the relationship is linear, we can express it in the form of a linear equation: p(x) = mx + b, where m is the slope (representing the rate of change of profit with respect to units sold) and b is the y-intercept (representing the fixed profit when no units are sold). Using the given data, we can calculate the slope (m) as the change in profit divided by the change in units sold: m = (3940 - 1140) / (240 - 190) = 2800 / 50 = 56. Next, we substitute one set of values (x, p) from the given data into the equation to solve for the y-intercept (b). Let's use (190, 1140): 1140 = 56(190) + b 1140 = 10640 + b b = 1140 - 10640 b = -9500.
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The driving force of some governments is to bring the benefits of competition to formerly monopolized markets. Explain the benefits that might occur in a more competitive market compared with a monopolized market.
Answers
Competition lowers prices, improves quality, and boosts innovation by incentivizing businesses to attract customers, differentiate themselves, and invest in research and development.
Lower Prices: Increased competition often leads to lower prices as businesses strive to attract customers by offering better deals and value. Improved Quality Competition drives businesses to improve the quality of their products or services to differentiate themselves from their competitors. In a monopolized market, the lack of competition can lead to complacency and a decreased incentive to innovate or enhance product quality.3. Increased Innovation: Competition fosters innovation as firms seek to gain a competitive edge. In a monopolized market, the dominant company may have less motivation to invest in research and development, stifling technological advancements and limiting consumer choice.
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given an address segmented into byte offset, block offset, index, and tag, and a total cache size,
Answers
In computer architecture, cache memory is a small and fast type of memory that is used to store frequently used data so that it can be accessed quickly. The organization of cache memory typically involves dividing the memory into a series of blocks, with each block being assigned a unique address.
To determine the location of a given address in cache memory, the address is first segmented into four components: byte offset, block offset, index, and tag. The byte offset specifies the position of the data within a cache block. The block offset indicates which block the data belongs to. The index determines which set within the cache the block is located in. Finally, the tag is a unique identifier for the block of data.
To determine the size of the cache, the total number of blocks in the cache is multiplied by the block size. The block size is determined by the size of the data that is being stored in the cache. For example, if the block size is 64 bytes and the cache has 64 blocks, then the total cache size would be 4 KB.
Overall, understanding the organization and size of cache memory is important for optimizing computer performance. By properly configuring the cache, it is possible to improve the speed and efficiency of data access, leading to faster and more reliable computing performance.
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Because Worldcom's accounting fraud was brought to an end with Cynthia Cooper's intervention,
WorldCom investor and employee losses were
Answers
Answer:
Explanation:
Less
Why does the quantity of salt demanded tend tobe un responsive to changes in its price
Answers
The quantity of salt demanded tend tobe un responsive to changes in its price because salt is an inelastic good, the quantity demanded is unresponsive to price changes. This means that regardless of the price change, people will still buy it.
Salt is a product with a limited number of substitutes, and people may not spend a lot of money on it, so price increases do not bother them. Furthermore, it is a necessity with no close substitutes.
Thus, the demand for salt is inelastic i.e. any change in its price will not affect demand.
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What do we call a business that focused on building products that meet consumers' needs?
Answers
Answer: Market oriented business
Explanation:
Market orientation refers to the business philosophy whereby companies identifies the needs of their customers and make products that meet such needs or wants.
A business that's using market orientation will research the current trends in the market and make products that meet them. Strong brands use market orientation approach to meet customers needs.
the theory of constraints concentrates mainly on: a)understanding customer needs b) developing a value stream map c) achieving on-time goals d) removing process bottlenecks
Answers
The theory of constraints concentrates mainly on "removing process bottlenecks". The correct option is D.
The removing process bottlenecks in the theory of constraints concentrates refers to improve overall system performance. It recognizes that every system has at least one constraint factor that restricts its output.
This theory of constraints concentrates helps to optimize the flow of materials, information and resources through the system ultimately achieving on-time goals and meeting customer needs more effectively.
Therefore, the correct option is D.
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Friedman's argument for shareholder primacy is based in:_______
Answers
Friedman's argument for shareholder primacy is based in the belief that a corporation's primary responsibility is to its shareholders, who have invested their money and therefore have a financial stake in the company's success.
Shareholder primacy is a theory that suggests that the main goal of a corporation should be to maximize shareholder value. This means that the corporation should prioritize the interests of its shareholders over other stakeholders, such as employees, customers, suppliers, and the community in which it operates. He argues that the goal of the corporation should be to maximize profits and increase shareholder value, rather than pursuing social or environmental objectives that may not directly benefit shareholders. This view is often referred to as the "shareholder primacy" model of corporate governance.
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an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
Answers
An individual client purchased his residence 5 years ago for $200,000. For 3 of the last 5 years, the client rented out the property for income, and lived in the house of 2 of those years. The client sells the house for $500,000. How much of the gain is taxable
Answers
Which of the following is an example of an inherently unsafe product?
O A. A necklace
O B. Curtains
O C. Household cleaner
D. A car
Answers
Answer: C. Household cleaner
Explanation: It can kill people because it is harmful for the human skin and is dangerous once ingested. This is why we keep household cleaners away from babies and children, in case they ingest it.
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