Answer:
memo refers to a short message, written in a informal tone for interoffice circulation of the information. letter are a verbal communication , that contains a compressed message, conveyed to the party external to the business, departments, units or superior-subordinate within the organization.
The selling price of office furniture at Staples is $6,000, percent markup on cost is 40%. Calculate the actual cost.
Based on the selling price of the office furniture and the percentage markup on cost, the actual cost is $4,285.71
What is the actual cost?The actual cost can be found by the formula:
= Selling price / (1 + markup percentage)
Solving will then give:
= 6,000 / (1 + 40%)
= 6,000 / 1.4
= $4,285.71
In conclusion, the actual cost is $4,285.71 .
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the balances are incorrect.
Check
Number
1205
PLEASE BE SURE TO DEDUCT ANY BANK CHARGES THAT APPLY TO YOUR ACCOUNT.
Amount of
payment or
withdrawal (-)
Amount of
Deposit or
interest (+)
Date
4/7
4/14
4/16
4/17
4/21
Description of Transaction
To: Deposit
For:
To: Maris's Market Debit Card
For:
To: ATM Withdrawal
For:
To: Bargain Properties
For:
To: Electronic Payroll Deposit
For:
47 65
135 00
570 00
✓
766 50
1.350 00
Balance Forward
Bal. 1.245 10
Bal.
478 30
Bal.
1.197 45
Bal. 1.097 45
182 45
Bal. 1.532 45
You instruct your trainees to find and correct the errors in the balances. If your trainees do so, what should the corrected final balance be (in $3?
Answer:
the balances are incorrect.
Check
Number
1205
PLEASE BE SURE TO DEDUCT ANY BANK CHARGES THAT APPLY TO YOUR ACCOUNT.
Amount of
payment or
withdrawal (-)
Amount of
Deposit or
interest (+)
Date
4/7
4/14
4/16
4/17
4/21
Description of Transaction
To: Deposit
For:
To: Maris's Market Debit Card
For:
To: ATM Withdrawal
For:
To: Bargain Properties
For:
To: Electronic Payroll Deposit
For:
47 65
135 00
570 00
✓
766 50
1.350 00
Balance Forward
Bal. 1.245 10
Bal.
478 30
Bal.
1.197 45
Bal. 1.097 45
182 45
Bal. 1.532 45
You instruct your trainees to find and correct the errors in the balances. If your trainees do so, what should the corrected final balance be (in $3?
The original draft of the Declaration of Independence condemned
O slavery
O the slave trade
O emancipation
The original draft of the Declaration of Independence condemned
O slavery
Question 10 of 10
How does the practice of fractional reserve banking affect banks?
A. It allows banks to keep only a small percentage of their deposits in
reserve.
B. It ensures that banks always have cash reserves equal to their
total deposits.
C. It gives banks the freedom to change interest rates on loans at any
time.
D. It prevents banks from profiting off loans they provide with
deposited funds.
Answer:
A. It allows banks to keep only a small percentage of their deposits in
reserve.
Explanation:
Fractional reserve banking allows banks to only hold fraction deposits as reserve and use most of it to gain interests as loans.
Which is an extracurricular activity?
OA. Playing video games with friends
B. Playing high school volleyball
OC. Working at a local diner
OD. Taking an extra year of math
SUBMI
Volleyball in high school is an extracurricular activity. As a result, choice (B) is accurate.
What do you know about extracurricular activity?A student-performed activity that is outside the scope of the regular curriculum of a school, college, or university is referred to as an extracurricular activity (ECA), extra academic activity (EAA), or cultural activity.
Such endeavors are typically social, charitable, voluntary (as opposed to required), and frequently involve people of a similar age. Although student-led projects, such independent publications, are frequently seen, students and staff manage these activities under academic sponsorship.
However, occasionally, these activities are also introduced in the classroom by the teachers and school principals.In the USA, 70% of teenagers participate in extracurricular activities, according to a group study that polled students of school age for the National Longitudinal Study of Adolescent Health.
Other studies have shown that participating in extracurricular activities lowers the risk of dropping out of school, lowers the risk of committing a crime, and increases educational retention, success, and academic achievement
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Calculate the sample variance and sample standard deviation for the following frequency distribution of hourly wages for a sample of pharmacy assistants. If necessary, round to one more decimal place than the largest number of decimal places given in the data.
Hourly Wages (in Dollars)
Class Frequency
6.51 - 8.50 50
8.51 - 10.50 18
10.51 - 12.50 42
12.51 - 14.50 20
14.51 - 16.50 46
Sample standard deviation was 3.105, sample variance was 9.641
How do you calculate a frequency distribution's variance and standard deviation?discrete-factors
Determine the mean.
Take the mean out of every observation.
Each of the resulting observations must be squared.
These results should be squared.
Subtract this sum from the total number of observations (variance, S2).
Square the positive root (standard-deviation, S).
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David recently purchased a chain of dry cleaners. Although the business is making a modest profit now. David suspects that if he invests in a new press, he could recognize a substantial increase in profits. The new press costs $15.400 to purchase and install and can press 40 shirts an hout (or 320 per day) David estimates that with the new press, it will cost 50.25 to launder and press each shirt. Customers are charged $1.10 6 Marks a How many shirts will David have to press to break even? 6. Soft, David's workload has varied from 50 to 200 shirts a day How long would it take to break even on the new press at the low-demand estimate at the high demand estimate? c. If David cuts his price to 50.99 a shirt, he expects to be able to stabilize his customer base at 250 shirts per day How long would take to break even at the reduced price of So 997 Should David cut his price and buy the new press?
Yes, David must lower his pricing and get the new press because it has the quickest breakeven time in this construction.
Qa:
F = $15400 in fixed cost
V = $0.25 for variable costs
P=$1.1, the selling price.
Contribution margin (C) = P-V (1.1-0.25) = $0.85
F/C=15400/0.85 is the breakeven point.
= 18117.65
= 18118 tops
Qb:
Low demand prediction:
50 shirts per day/18118
= 362.36
~ 363 days
high estimate of demand of breakeven:
daily 18118/200 shirts
= 90.59
~ 91 days
Qc:
New contribution margin: 0.99 minus 0.25 equals $0.74
F/C=15400/0.74=20811 shirts as the new breakeven quantity.
250 shirts per day are the new estimates for demand.
Time to break even is equal to 20811/250.
= 83.24 days
Yes, David must lower his pricing and get the new press because it has the quickest breakeven time in this construction.
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Why do you
think it's easier to forget entrepreneurship than labor or capital?
Entrepreneurship is much less tangible than other factors of production capital, that is why it's far more hard to discover.
Entrepreneurship is the assignment of latest business ventures that could eventually become profitable agencies. Some economists identify entrepreneurship as a factor of production due to the fact it is able to boom the effective performance of a company. Land refers to herbal resources, exertions refers to work attempt, and capital is anything made that is used to make something else. The final aid, entrepreneurship, refers to the capability to place the opposite 3 sources together to create capital.
Labor refers to all salary-incomes activities, including the work of specialists, retail workers, and so forth. Entrepreneurship refers back to the projects taken by way of entrepreneurs, who commonly begin as the first people in their firms after which regularly appoint different elements of production to grow their organizations.
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5 Points]
PREVIOUS ANSWERS BRECMBC9 4.11.004.
ou are looking for a bank in which to open a checking account for your new part-time business. You estimate that in the first year, you will be writing 30
ransactions per month. Your average daily balance is estimated to be $900 for the first six months and $2,400 for the next six months.
Use the following information to solve the problem.
DETAILS
Bank
Bank 1
Bank 2
Bank 3
Bank 4
Bank 1
Bank 2
Bank 3
$
Bank 4 $
Monthly Fees and Conditions
$16.00 with $1,000 min. daily balance
-or-
$25.00 under $1,000 min. daily balance
$
$4.50 plus $0.30 per check over 10 checks monthly
$1.00 per debit transaction
$5 plus $0.25 per check
$2.00 per debit transaction
(a) Calculate the cost (in $) of doing business with each bank for a year.
$
$8 plus $0.15 per check
$1.50 per debit transaction
(b) Which bank should you choose for your checking account?
MY NOTES
ASK
Answer:
5 Points]
PREVIOUS ANSWERS BRECMBC9 4.11.004.
ou are looking for a bank in which to open a checking account for your new part-time business. You estimate that in the first year, you will be writing 30
ransactions per month. Your average daily balance is estimated to be $900 for the first six months and $2,400 for the next six months.
Use the following information to solve the problem.
DETAILS
Bank
Bank 1
Bank 2
Bank 3
Bank 4
Bank 1
Bank 2
Bank 3
$
Bank 4 $
Monthly Fees and Conditions
$16.00 with $1,000 min. daily balance
-or-
$25.00 under $1,000 min. daily balance
$
$4.50 plus $0.30 per check over 10 checks monthly
$1.00 per debit transaction
$5 plus $0.25 per check
$2.00 per debit transaction
(a) Calculate the cost (in $) of doing business with each bank for a year.
$
$8 plus $0.15 per check
$1.50 per debit transaction
(b) Which bank should you choose for your checking account?
MY NOTES
ASK
What is the first step you will take with your new business partners to plan your business?
Conducting market research will be the initial stage in our company planning process with my new business partners. Market research will reveal whether there is a chance for your idea to become a lucrative business.
What steps are involved in starting a business?Planning, important financial decisions, and several legal procedures must all be completed before a firm may be launched.
Conduct market research to learn more about possible clients and local companies that are currently up and running.Create a business plan. Your business plan serves as the cornerstone of your enterprise. It serves as a guide for organizing, managing, and expanding your new company.Finance your firm. Your business plan will assist you in determining how much cash you'll need to launch your venture.Select the location of your business. Whether you're opening a brick-and-mortar establishment or an online shop, the decisions you make could have an impact on your taxes, regulatory obligations, and earnings.Select a business structure. Your choice of business structure will influence your liability, tax obligations, and business registration procedures.Pick a name for your firm. Choosing the ideal name is difficult. You'll want one that embodies your personality and your brand.Register your firm. After choosing the ideal company name, it's time to make it official and safeguard your brand.Obtain federal and state tax identification numbers. You'll need your employer identification number (EIN) to establish and run your firm, such as to open a bank account and pay taxes.Obtain licenses and permits—Keep your company operating effectively by adhering to legal requirements.Open a business bank account. A checking account for your small business will assist you to deal with daily, tax, and legal difficulties.Learn more about business plan: https://brainly.com/question/15173276
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I will write an business plan/government summary. This is the first web page of your business plan. Think of it as your elevator pitch.
It ought to include a mission statement, a short description of the products or services offered, and a vast precis of your monetary increase plans.
What is a perfect business plan?Good enterprise plans should consist of all monetary information. Write up important points about all loans and when they will be paid off. Moreover, summarize details about capital gear that will be used and how it will be depreciated. Conduct a break-even evaluation that estimates when your corporation will possibly turn a profit.
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https://brainly.com/question/25311149#SPJ9What can a defendant do to pause the plaintiff from executing on a judgement?
Answer: Three Ways to Stop a Creditor from Filing for a Judgement against...
Arrange a Repayment Plan. One option you have for stopping a judgement against you is to speak to the creditor before they file any court documents. ...
Dispute the Debt. ...
File for Bankruptcy.
Explanation:
Complete the text with words or phrases from the box.
as well as but also
finally
for example retenty
the first one
the second one
WELCOME TO RFC GROUP
FC Group ple is one of the largest
financial services companies in the
country. It has branches.not.only.
in the capital,
. 2 in four
other cities. FC is rapidly expanding
overseas.
.3, it already has
operations in Brazil, Poland and Turkey.
FC has two main divisions.
" is its Financial
This division provides independent
financial advice to start-up companies.
s, the Internet
Technology Division, provides secure
e-mail services ....................
6 access
to online databases.
it also has a unit helping small
companies design their own websites.
Services Division.
Answer:
can you say about this financial group?
it's mean what is the main aim of this group.
Select the correct answer.
What is the best method for modern businesses to authorize the use of workplace resources to its employees?
OA
Assign
a them a user authentication and password.
a O B. Maintain a log to record their use of workplace resources.
O c.
Monitor their activities using security cameras.
© D. Restrict them to use resources only during specific hours.
E. Allow them to use certain resources only during lunch time
Answer:
They should be given a user password and password protected account.
(hope this helps)
Please help :(
Economics principles and practices
Chapter 3
Are megamergers harmful
Analyzing the issue questions
xoxoxox
Economics: standards & Practices is the simplest application with full coverage of the new economic system and the impact of the virtual revolution.
Economics is the look at shortage and its implications for the usage of sources, production of goods and services, an increase of production and welfare through the years, and a remarkable form of other complicated problems of vital concern to society.
Economics is the social technology that studies the production, distribution, and intake of products and services. Economics focuses on the behavior and interactions of economic retailers and how economies work.
Economics, at its very coronary heart, is the examination of people. It seeks to explain what drives human behaviour, choices, and reactions whilst faced with difficulties or successes. Economics is a subject that combines politics, sociology, psychology, and history.
Economics seeks to solve the problem of shortage, that is whilst human wants for goods and offerings exceed the to-be-had supply. A cutting-edge financial system displays a department of labor, wherein human beings earn profits by way of specializing in what they produce after which use that profits to purchase the goods they want or want.
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A farmer has allowed people to come onto the farmers property to hunt for deer. The farmer gave verbal permission to some people and written permission to others. In real estate, such permission is generally considered to be?
In real estate, such permission is generally considered to be called an Official permission.
What word means official permission or approval?The term official permission is known to be a kind of an authorization that is given to a person.
Note that this is known to be an approval to be able to use a property or not. Therefore, based on the above, one can say that In real estate, such permission is generally considered to be called an Official permission.
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What is the definition of collective bargaining?
ongoing salary negotiations between an employee and a factory owner a
an agreement among a group of factory owners to raise worker wages
a written set of guidelines about legal and illegal workplace conditions
labor union and employer negotiations about wages and other issues
The process of negotiating employment terms between an employer and a group of employees is known as collective bargaining.
Typically, a labor union represents employees during collective bargaining. Working conditions, pay and benefits, working hours, and other terms may be bargained during collective bargaining. A written contract is intended to establish a collective bargaining agreement. All employees have a fundamental right to engage in collective bargaining, according to the International Labor Organization. Members of corporate management and labor union leaders, who are chosen by workers to represent them and their interests, negotiate collectively on a regular basis. When employee contracts are due for renewal or when employers alter the workplace or contracts, collective bargaining is started.
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Ramirez company installs a computerized manufacturing machine in its factory at tje beginning of the year at a cost of $44,200. The machine's useful life is estimated at 10 years or 392,000 units of production with a 5,000 salvage value. During its second year, the machine produces 33,200 units of products
Answer:
Ramirez company installs a computerized manufacturing machine in its factory at tje beginning of the year at a cost of $44,200. The machine's useful life is estimated at 10 years or 392,000 units of production with a 5,000 salvage value. During its second year, the machine produces 33,200 units of pr
Which of the following best describes the concept of "opportunity cost?"
A. Opportunity cost is what you give up when making your choice.
B. Opportunity cost is the amount of time it took for you to make the decision.
C. Opportunity cost is the cost of the item minus the sale price.
D. Opportunity cost is what you gain from making the choice.
Answer:
hrefurdghffugdddffffd
Government control of resources and centralized decision-making are characteristics of:
Answer:
Command economy
Explanation:
An economic system where the means of production are owned by the government and economic activity is managed by a central body that sets quantitative production targets and distributes raw materials to productive businesses
National Debt timeline: record the total national debt for the United States, the public figure in office at the time, and any significant events that may have affected the national debt during the years prior to the date listed. (1791-2015)
The records show that debts incurred during American Revolutionary War is amounted to $75,463,476.52 by 1 st january 1791.
What is What is the process of calculating life value?
The process of calculation of life value in an insurance is that first of all determine the current income and than subtract the expense, premiums of insurance, and payment of income tax.
The third step is recall the number of years of earning which are remaining before the age of retirement and than find the discounting factor rate including inflation.The life value is an economic value which is used to judge the benefit for the reason of avoiding the rate of fatality.
Therefore, The records show that debts incurred during American Revolutionary War is amounted to $75,463,476.52 by 1 st january 1791.
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What is the first step you will take with your new business partners to plan your business?
Answer:
I would buy or create another company.
Explanation:
state 2 sources of income from sales for a pizzeria
Two sources of income from sales for pizzerias include:
Sales of pizzas and other pastries Sales of drinks and refreshments How do pizzerias make money?Pizzerias as the term implies, are places that make and sell pizzas. This means that their chief source of income from sales would be the sale of pizzas. They also make sales of other pastries such as calzones and bread on occasion.
Pizzerias also sell drinks and liquid refreshments for customers to consume when eating the pizzas so this is another source of income from sales for pizzerias.
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The company acquired a machine on January 1 at an original cost of $ 81,000. The machine’s estimated residual value is $ 15,000, and its estimated life is 20,000 service hours. The actual usage of the machine was as follows:
Year 1 9,000 hours
Year 2 5,000 hours
Year 3 4,000 hours
Year 4 2,000 hours
Explanation:
The company acquired a machine on January 1 at an original cost of $ 81,000. The machine’s estimated residual value is $ 15,000, and its estimated life is 20,000 service hours. The actual usage of the machine was as follows:
Year 1 9,000 hours
Year 2 5,000 hours
Year 3 4,000 hours
Year 4 2,000 hours
24. You earn $6.30 per hour plus tips. If you work 26 hours this week and
collect $26.35 in tips, what is your gross pay?
305
Answer:
Gross profit is $190.15
Explanation:
$6.30 for 26 hours is 6.30 * 26 = 163.8
163.8 + 26.35 (tips) = $190.15
Who represents the State in a jury trial?
OA. The judge
OB. The prosecutor
C. The jury
OD. The defense attorney
The defense attorney represents the State in a jury trial.
An attorney is a someone who has the constitutional authority to act on behalf of another person. Lawyers are individuals who have completed law school and, in many cases, have taken and passed the bar test. Attorney derives from a French word that means "to act on behalf of another." Attorney is an abbreviation for the professional title "attorney at law."A jury trial, often known as a trial by jury, is a legal proceeding in which a jury makes a decision or factual findings. It differs from a bench trial in which all judgments are made by a single judge or panel of judges.In many, but not all, common law judicial systems, jury trials are utilized in a considerable proportion of important criminal cases. The majority of Asian common law nations have abolished jury trials on the basis that juries are biased.Thus this is the meaning of Jury trial.
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Answer: the prosecutor
Explanation: i just took the quiz
38:38
Mark is a college student and frequently needs to either rent a car or borrow his friend's car. Although he doesn't own a car of his own,
he wants to buy himself some liability coverage that would apply whenever he drives someone else's car. Which coverage should Mark get?
Mark is a college student and frequently needs to either rent a car or borrow his friend's car, Mark should get Non-owner coverage.
Non-owner coverage is non-public vehicles that your business would not own, rent, or lease. Non-owned automobile coverage helps provide legal responsibility and safety if a car you haven't leased, hired, or rented is pushed on your business and is a coincidence.
In case you drive often but do not own an automobile, a non-proprietor insurance policy provides legal responsibility coverage for bodily harm and property harm, which means that it'll cover you if you're answerable for damages or injuries in a coincidence.
Non-owner vehicle coverage is for individuals who sometimes drive an automobile they don't own but need to prove insurance. It affords liability coverage that will pay for accidents and assets that harm our purpose to other humans in a twist of fate. but, it doesn't cowl damage to the automobile you have rented or borrowed, nor for any accidents.
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write in detail about the programmes of the institute of agriculture and animal science
Answer:
The mission of the institute is to promote agricultural science and to train manpower for agricultural development focusing on teaching, research and extension.
Explanation:
Net Income (Loss)
The journal entry to close revenues and expenses would involve:
Oa. debits to the expense accounts and Retained Earnings and a credit to Fees Earned
Ob. debits to the expense accounts and credits to Retained Earnings and Fees Earned
Oc. a debit to Fees Earned and credits to the expense accounts and Retained Earnings
Od. debits to Fees Earned and Retained Earnings and credits to the expense accounts
4
The journal entry for net income (loss) is debits to Fees Earned and Retained Earnings and credits to the expense accounts (option d).
What is the journal entry for a loss in net income?Net income is the difference between the revenue and the total cost of a company. When the total cost is greater than the revenue, the firm earns a loss.
When the revenue is greater than the total cost, the firm earns a profit. It is necessary to close revenue and expenses because they are temporary accounts as their balance is not carried over to the next period.
When there is a loss, the expense account will increase in value. Thus, the expense account will be credited. When there is a loss, the fees earned and retained earnings account will decline in value. Thus, these accounts will be debited.
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Supreme Videos, Incorporated, produces short musical videos for sale to retail outlets. The company's balance sheet accounts as of
January 1, are given below.
Assets
Current assets: 78000
Cash
Accounts receivable.
Inventories:
Supreme Videos, Incorporated
Balance Sheet
January 1
Raw materials (film, costumes)
Videos in process
Finished videos awaiting sale
Prepaid insurance.
Total current assets
Studio and equipment
Less accumulated depreciation
Total assets
Liabilities and Stockholders' Equity
Accounts payable
Capital stock
Retained earnings
Total liabilities and stockholders' equity
$ 45,000
23,000
96,000
760,000
225,000
$ 504,000
285,000
$ 78,000
117,000
164,000
12,000
371,000
535,000
$ 906,000
$ 117,000
789,000
$ 906,000
Because the videos differ in length and in complexity of production, the company uses a job-order costing system to determine the
cost of each video produced. Studio (manufacturing) overhead is charged to videos on the basis of camera-hours of activity. The
company's predetermined overhead rate for the year is based on a cost formula that estimated $270,000 in manufacturing overhead
for an estimated allocation base of 6,000 camera-hours. The following transactions occurred during the year:
Manufacturing balance sheet is applied to production based on a pre-determined overhead rate which is calculated as follows:
Pre-determined overhead rate = Estimated total manufacturing overhead /Estimated allocation base
Given: Estimated manufacturing overhead = $270,000
Estimated allocation base (Estimated camera-hours) = 6,000
Pre-determined overhead rate = $270,000/6,000 = $45 per camera hour
Based on 7,800 actual camera hours,manufacturing overhead applied would be : $45 * 7,800 = $351,000
If the balance sheet amount of manufacturing overhead applied ($351,000), exceeds the amount of actual manufacturing overhead costs incurred ($335,625), the manufacturing overhead account will have a credit balance. This credit is described as overapplied overhead.
Thus, studio(manufacturing) overhead is overapplied by $15,375
The entry to close overapplied overhead to cost of goods sold is as follows:
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Jason works in a water bottling plant. The bottles have to hold exactly one liter of water each. Jason observed that the amount bottles varied about five milliliters above and below the one-liter mark. Which measurement phenomena should Jason use to variation?
Jason uses the metric system to calculate the water filled in the bottles.
What is metric system?All of the following statements apply to the metric system:
System: a group of cooperating or interconnected parts that together constitute a coherent whole.Anything that can be measured can be specified using a system of measurement, or set of units. Systems of measurement were initially established and governed historically to promote trade and internal business. Units were arbitrarily determined by the ruling bodies by fiat and were not always closely related to one another or self-consistent. Some quantities were recognized as basis units when they were later scientifically investigated, which meant that all other needed units of measure could be derived from them.To learn more about metric system visit:
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