A company pays $16.000 in property taxes on land that it acquired ten years ago. The property taxes pertain only to the current year. The company should record the property taxes as an expense in its current year income statement True or False
Answers
The company should record the property taxes as an expense in its current year income statement is true.
Who Pays Taxes?Taxes are compulsory contributions that a government agency, whether local, regional, or federal, imposes on people or businesses. Public works and services like roads and schools, as well as programs like Social Security and Medicare, are funded by tax income.
Why is having taxes necessary?We pay taxes to support the operations and provision of essential services by our federal, state, and local governments. Each specific government has its own area of specialization, with the federal government in charge of major expenditures on items like Social Security and defense.
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Related Questions
suppose that a small-town theater has six potential customers and is looking to implement price discrimination depending on when customers want to attend. suppose the marginal cost of serving an additional customer is $1.50. the data provide information about the time of attendance and willingness to pay for a ticket.
Answers
Based on the information that can be gotten from the question, the price that should be charged by the theater for the matinee ticket will be $7.
From the complete information, when the price is $4 and the 3 customers enjoy the movie, the profit will be:
= ($4 - $1.5) × 3
= $2.5 × 3
= $7.5
Now, let's assume that the price charged is $7 and 2 customers enjoy the movie, the profit will be:
= ($7 - $1.5) × 2
= $5.5 × 2
= $12
Now, when the price is $12 and only 1 customer enjoyed the movie, the profit will be:
= ($12 - $1.5) × 1
= $10.5
It can be depicted that the profit of the theater will be at maximum when the price that is charged is $7.
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Is travelling carefully to invest money, time and energy in important situations and activities called planning?
Answers
Answer:
Planning is done by completing the task.
Explanation:
Planning is done by completing tasks with a pre-defined and planned manner with improvement. It is a continuous process that can be completed with all types of tasks. Saving time, money, and human energy during travel is also under planning, through which a person makes his journey easy, safe, and at a low cost.
describe the financial planning environment to jim. explain the role of the consumer and the impact of economic conditions on financial planning.
Answers
Setting and accomplishing financial objectives through wise money management is part of the financial planning process. By taking charge of their finances and making educated decisions, consumers play a significant role.
Economic conditions, individual income, and spending patterns are only a few of the variables that influence a person's financial state in the financial planning environment. By establishing objectives, managing resources, and making wise financial decisions, the consumer plays a crucial part in financial planning. Economic factors like inflation and market fluctuations can have a significant influence on a consumer's financial planning and may necessitate altering such plans to take into account changes in their financial circumstances. Consumers should keep up with economic developments and make necessary adjustments to their financial goals.
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Now that each account has been classified, assign account numbers to each account. You must assign account numbers so that accounts receivable, accounts payable, and expense accounts are in alphabetical order (by last name, in the case of accounts receivable). Use 3-digit account numbers and number the accounts within a division by 10s.
Answers
Answer:
I dont know the answer im just saying this so I can come back to it when there is an answer
Explanation:
3. ______ are defined as goods or services that are required for health and safety.
Answers
Occupational Health and Safety are defined as goods or services that are required for health and safety. Information standards are guidelines governing the information that must be provided to consumers when they purchase specific goods.
What is the safety of goods?A safe product is one that delivers either no risk or a minimum tolerable level of risk, taking into account the product's typical or reasonably foreseeable use and the need to maintain a high level of consumer protection.
Occupational health and safety is a multidisciplinary discipline that deals with all elements of workplace health and safety, with a heavy emphasis on preventing workplace dangers.
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Discuss the following statements:
The growth in earnings is related to the firm’s profitability.
In the valuation of stocks of different companies, we can assume that the long-term growth rates are the same across companies.
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The growth in earnings is indeed related to a firm's profitability, as higher profitability generally leads to higher earnings. However, assuming that long-term growth rates are the same across all companies in the valuation of stocks is not accurate, as different companies operate in diverse industries and have unique competitive advantages.
The growth in earnings is a crucial factor in assessing a firm's financial performance and future prospects. Earnings represent the company's profits after deducting expenses and taxes. Higher profitability typically leads to higher earnings because a profitable company generates more revenue and has better control over its costs and expenses. As a result, firms with a higher level of profitability are more likely to experience growth in earnings over time. Investors often pay close attention to earnings growth as it reflects the company's ability to generate sustainable profits and increase shareholder value.
However, assuming that long-term growth rates are the same across all companies in stock valuation is not accurate. Companies operate in different industries and have varying competitive advantages, market conditions, and growth prospects. Factors such as technological advancements, regulatory environments, consumer preferences, and global economic conditions significantly influence a company's growth potential. Therefore, it is crucial to consider these industry-specific factors when valuing stocks. Additionally, each company has its own unique business model, management team, and growth strategies, which further differentiate their long-term growth rates.
In summary, while the growth in earnings is generally related to a firm's profitability, assuming that long-term growth rates are the same across all companies in stock valuation is not appropriate. Each company operates in a specific industry with its own set of competitive advantages and growth drivers. Valuing stocks requires a comprehensive analysis of a company's profitability, industry dynamics, competitive position, and growth prospects to make informed investment decisions.
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All financial statements are important, but most managers tend to have one that they look to first. If you were a potential contributor or investor looking at the financial statements of a local regional medical center, which document would you start with? Explain why.
Answers
While other financial statements like the Balance Sheet and Cash Flow Statement are important for a comprehensive analysis of the medical center's financial position and cash flow, the Income Statement is a starting point that provides a clear picture of the medical center's revenue, expenses, and profitability.
If I were a potential contributor or investor looking at the financial statements of a local regional medical center, the document I would start with is the Income Statement, also known as the Statement of Operations or Profit and Loss Statement.
The Income Statement provides a summary of the medical center's revenues, expenses, and net income (or loss) over a specific period, typically on an annual or quarterly basis. Here's why I would choose to start with the Income Statement:
1. Overall Financial Performance: The Income Statement gives an immediate snapshot of the medical center's financial performance. It shows whether the medical center is generating a profit or incurring a loss. By looking at the net income (or loss), I can assess the financial health and profitability of the medical center.
2. Revenue Breakdown: The Income Statement breaks down the medical center's revenue sources. This allows me to understand the composition of the revenue streams, such as patient services, insurance reimbursements, government funding, or other sources. Evaluating the revenue mix helps me gauge the diversity and stability of the medical center's income sources.
3. Expense Analysis: The Income Statement provides a breakdown of various expense categories, such as personnel costs, supplies, facility expenses, and administrative costs. Analyzing the expense structure allows me to understand the medical center's cost management and efficiency. It helps identify areas of potential cost reduction or areas where expenditures may be increasing disproportionately.
4. Profitability Ratios: Using the information from the Income Statement, I can calculate key profitability ratios such as gross profit margin and net profit margin. These ratios provide insights into the medical center's ability to generate profits from its operations, allowing me to compare its financial performance with industry benchmarks or similar healthcare organizations.
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What is the business cycle and what causes it?.
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The periodic expansion and decline of a country's economy, primarily as expressed by its GDP, is known as a business cycle.
What is meant by business cycle ?The periodic expansion and decline of a country's economy, primarily as expressed by its GDP, is known as a business cycle. Governments make an effort to regulate business cycles by increasing or decreasing spending, raising or lowering taxes, and changing interest rates.
The forces of supply and demand, changes in the GDP, the availability of capital, and future expectations all contribute to the economic cycle. The four main parts of this cycle are typically distinguished as follows: expansion, peak, contraction, and trough.
Business decisions, interest rates, consumer expectations, and external challenges are the key causes of fluctuations in the business cycle. Businesses that expand production contribute to an expansion by boosting the overall supply.
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Bruce is a professional money manager. His portfolio's realized return over the past year was 7.3%. If the overall stock market returned 2.5%, T-Bills returned 2.2%, and Bruce's portfolio beta was 1.2, what was the ABNORMAL return for his portfolio? Enter your answer as a decimal showing four decimal places. That is, if your answer is 5.25%, enter .0525.
Answers
To calculate Bruce's abnormal return, subtract the expected return based on the portfolio's beta from the realised return.
Risk-free Rate + Beta * (Market Return - Risk-free Rate) = Expected Return
What is the portfolio's rate of return?
The rate of return on a portfolio is the ratio of a portfolio's net gain or loss (which is the sum of net income, foreign currency appreciation, and capital gain, whether realised or not) to its size. It is typically measured over a year's time.
2.2% + 1.2 * (2.5% - 2.2%) expected return
Return Expected = 2.2% + 1.2 * 0.3%
Return Expected = 2.2% + 0.36%
2.56 percent expected return
Realised Return - Expected Return = Abnormal Return
Exceptional Return = 7.3% - 2.56%
4.74% (rounded to four decimal places) Abnormal Return
As a result, Bruce's portfolio has an abnormal return of 0.0474.
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How do you set up QBO payments? (no Monthly fee with a higher rate per transaction compared to Banking Merchant Account).
Answers
Setting up QBO (QuickBooks Online) payments is a simple process that can be completed in a few steps:
Sign up for a QBO account: If you already have a QBO account, skip this step. If not, sign up for one at the Intuit website.
Set up a payment gateway: In QBO, click on the Gear icon > Account and Settings > Payments. From there, you can choose a payment gateway, such as or Stripe, and follow the instructions to set up your account.
Connect your payment gateway to QBO: Once your payment gateway is set up, you can connect it to QBO. In Payments, click on the Connect button next to the payment gateway you have chosen and follow the instructions.
Set up payment methods: In Payments, click on Payment methods and set up the types of payments you will accept, such as credit cards or bank transfers.
Send invoices: When you create an invoice in QBO, select the payment method you prefer. If you have set up a payment gateway, your customers will be able to pay the invoice online through the gateway.
Keep in mind that while QBO payments do not have a monthly fee, they do charge a higher rate per transaction compared to a banking merchant account. However, the convenience and ease of use may be worth the extra cost for some businesses.
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can someone explain what bitcoin is? i don't get it is it illegal? how does it work?
Answers
Answer:
Bt Bicoins este o moneda virtuala care valorează extrem de mult, nu, nu este ilegal sa ai un bit coin
Answer: Bit coin is crypto-currency. It was made by a guy called Satoshi Nakamoto. No bit coin is perfectly legal. Basically how it works is frst you have to buy a bitcoin wallet. Once you buy that it will give you a bitcoin address so that way your friends and family or whoever can pay you. In a nutshell it's basically Pay-Pal.
Explanation: Also, I'm currently 3D printing the Tesla Cyber truck. This is the model I have so far. What do you think? Do you think I can go ahead and print it?
Before ordering used parts for a repair, a technician
should get
approval from the ____.
Answers
Pyle hospital received a $250,000 pure endowment fund grant. pyle's governing board designated, for special uses, $300,000 which had originated from unrestricted gifts. what amount of these resources should be accounted for as part of unrestricted assets?
Answers
The total amount of these resources that should be included in unrestricted assets is $550,000 ($250,000 pure endowment fund grant + $300,000 in unrestricted contributions).
Unrestricted assets are pure endowment funds and unrestricted donations that are not restricted for specific uses by contributors or the governing board. The governing board's designation of $300,000 for special purpose does not affect the fact that the monies came from unrestricted contributions and are thus still regarded unrestricted assets. Unrestricted assets are resources that can be used for any purpose by the organization and are not restricted by donors or the governing board. The $550,000 in unrestricted assets can be utilized to fund general operations, capital expenditures, and other activities as defined by the organization.
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Which of the following represents an aggressive approach to demand management in the service
sector when demand and capacity are not particularly well matched?
a. inexpensive rates for weekend phone calls
b. appointments
c. reservations
d. first-come, first-served
e. none of the above
Answers
Inexpensive rates for weekend phone calls represents an aggressive approach to demand management in the service sector when demand and capacity are not particularly well matched. So option a is correct option of the given statement.
Demand management: What does it mean?Planning technique called demand management. It is utilized by businesses to forecast and plan how to meet service and product demand. Connectivity between operations and marketing is improved via demand management. Customer demands, capacity, and strategy are better coordinated as a result.
What does demand management aim to achieve?In order to meet the market where it is, you must first understand the market and the demand chain. Only then can you build an operational strategy. You can develop project portfolios and use portfolio management to carry out your demand strategies after you have them.
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NewTech Inc. is a manufacturer of PCs, and most of its revenue is generated by selling PCs to consumers. However, the company is struggling to extend the brand into other lucrative product lines such as tablets and smartphones. In this scenario, NovoTech is suffering from the error of ________.Select one:a. underpositioningb. repositioningc. overpositioningd. doubtful positioninge. confused positioning
Answers
In this scenario, NewTech is suffering from the error of over positioning. The correct option is c.
What is positioning?Positioning refers to the process of developing a unique image for a brand in the minds of customers in order to establish an identity and differentiate it from its competitors.
A company's positioning is the buyer's perception of the brand's overall quality, value, and benefits in relation to those of other brands in the same market segment. It is the company's unique value proposition, which emphasizes the benefits of the brand in relation to the competition.
NewTech Inc. is a manufacturer of PCs, and most of its revenue is generated by selling PCs to consumers. However, the company is struggling to extend the brand into other lucrative product lines such as tablets and smartphones.
Thus, it is correct to say that NewTech is suffering from the error of over positioning, according to the provided scenario.
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MPUM BOTTLE MANUFACTURERSTABM)
Mpumi Bottle Manufacturers is a large business well known for supplying quality plastic
bottles, is the most customer-centric company, that build a place where people can come
find any bottle. The financial manager borrowed money from Blue bank at a high-interest
rate to buy material and equipment for manufacturing bottles. MBM has recently appointed
two experienced employees who are responsible for branding the bottles
The demand for branded bottles increased in other provinces they opened another branch
in North West Province. Raheem Trading opened a similar business that offers the same
services at a lower price,
Gail, the director shares the understating of how things are done in the business to
accomplish the business mission Raheem Trading's board of directors strongly believes in
good leadership and management for the success of the business.
Bennie the purchasing manager, at Raheem Trading ensures that there is enough stock
available for continuous production, Place orders with suppliers and follow up on them.
The credit department supervisor educates consumers on making the right choices when
they apply for credit
1.1.1 Quote the visions statement of mpumi bottle manufacturers in the case study above
1.1.2 Name ONE component/feature of each business environment in the cas study above .motivate your answer by quoting from the case study
Answers
Answer:
Name one component/feature of each business environment in the case study
A loss is when
A. Revenue is greater then expenses
B. Revenue is less than expenses
C. Revenue is equal to expenses
D. None of them
Answers
The answer is B revenue is less than expenses
Earnings per share (EPS) appears on the ______. Multiple choice question. statement of stockholders' equity balance sheet income statement
Answers
Answer:
income statement
Explanation:
Minakshi and kanchal are two real sisters.Minachi is an author and kanchan a business woman.Kanchan
has developed a new technique which is very useful for their business. Both the sisters are experts in
their respective fields. Minakshi learnt from someone that some people were coping her written work
(literary creation). Kanchan also learnt from some that the other businessmen were taking advantage of
their creations. One of their lawyer friends advised them that both of them were the owners of a special
property and the government had provided them with a legal security they could get rid of their worry
by taking advantage of this facility.
Answer the following questions related to the above paragraph:
1.Which particular property is possessed by both the sisters?
2.To which class belongs Minakshi’s property?
3.To which class belong Kanchans property?
Answers
These are the answers for the questions related to the text about Minakshi and Kanchan:
The particular property possessed by both sisters is Intellectual property.Minakshi's property belongs to the literary and artistic work class.Kanchan's property belongs to the industrial class property.Intellectual propertyThis text about the sisters Minakshi and Kanchal refers to the particular property called Intellectual property, which is a property that includes the creations of the human intellect, everything that was created by the person's mind.
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Evaluation of a proposed concrete plant case study
Answers
Evaluation of a proposed concrete plant case study involves analyzing the potential benefits and drawbacks of constructing such a plant in a particular location. Some factors to consider include the availability of raw materials, the proximity to potential customers, the impact on the environment and the community, and the economic feasibility of the project.
It is important to conduct a thorough analysis of the proposed site, taking into account the potential impact on local wildlife, water resources, air quality, and noise levels. It is also important to consider the potential benefits of the plant, such as increased job opportunities, local economic growth, and the ability to supply high-quality concrete to nearby construction projects.
In addition to environmental and economic considerations, it is important to assess the potential social impact of the plant. This includes evaluating the potential for increased traffic, the impact on nearby property values, and the potential for conflict with neighboring residents.
Overall, the evaluation of a proposed concrete plant case study should take a balanced approach, weighing the potential benefits against the potential drawbacks and ensuring that any negative impacts are minimized or mitigated as much as possible. with an evaluation of a proposed concrete plant case study. In this case study, we will consider the following key aspects: feasibility, environmental impact, and safety measures.
Feasibility: The feasibility of the proposed concrete plant will depend on factors such as the plant's location, available resources, and demand for concrete products in the area. It is crucial to conduct a thorough market analysis to determine whether the investment in the plant is economically viable and sustainable in the long run.
Environmental Impact: A concrete plant can have various environmental effects, such as air pollution, noise pollution, and waste generation. To minimize these impacts, it is essential to implement eco-friendly practices, such as using energy-efficient machinery, recycling waste materials, and incorporating dust and noise control measures.
Safety Measures: Ensuring the safety of workers and the surrounding community is paramount in the proposed concrete plant's operation. This includes implementing appropriate safety procedures, providing adequate personal protective equipment, and regularly conducting safety training for employees.
In conclusion, the evaluation of a proposed concrete plant case study should focus on the feasibility, environmental impact, and safety measures. By carefully considering these aspects, it is possible to determine the viability and potential benefits of the proposed project.
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which inventory method provides a balance sheet that better reflects the underlying economics, and why? which method provides an income statement that better reflects the underlying economics, and wh
Answers
You are paraphrasing when you attempt to capture the main idea of a sentence.
An economic system can be used by a community or government as a planning tool for allocating resources, services, and goods throughout a territory or nation. Economic systems have control over the production factors, including land, capital, labor, and physical resources. The Wealth of Nations by Adam Smith examines the mercantilism economic system's core concepts. Trade was governed by the mercantilism economic system from the 16th to the 18th centuries. Mercantilism was founded on the idea that money in the world was static and that governments needed to regulate trade in order to get richer and more powerful.
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Cody worked 59 hours last week. Of those hours, 40 hours were paid at the regular rate of $12.50. Ten hours were paid at time-and- a-half, and 9 hours at the double-time rate.
a) What was the gross pay for regular hours?
b) What was Cody’s overtime wages?
c) What was Cody’s total gross pay for the week?
Answers
Answer:
Explanation:
a. What was the gross pay for regular hours?
This will be the regular pay multiplied by the regular hours. This will be:
= $12.50 × 40
= $500
b) What was Cody’s overtime wages?
Cody's overtime wages will be the total amount earned during overtime. This will be:
= [10 × ($12.50 × 1.5)] + [ 9 × ($12.50 × 2)]
= (10 × $18.75) + (9 × $25)
= $187.50 + $225.
= $412.50
c) What was Cody’s total gross pay for the week?
The total gross pay for the week will be the addition of the amount that was earned during regular hours and overtime. This will be:
= $500 + $412.50
= $912.50
What might you tell her about career resources and their importance in career selection?
Answers
Answer:
I would like to tell her that it is good that she has chosen her career but there is no harm in taking the help of the career resources as it will clarify her path and clear her conflicts if any. Moreover, it can help in her career selection and give her some ideas of the pros and the cons of the field she is choosing. Taking assistance of the resources can give major idea of the experiences and the instances from other’s life and can influence her decision in the positive way.
Explanation:
edge
developed by the us navy, a pert (program evaluation review technique) chart would help a project manager understand what aspect of a project?
Answers
A pert (program evaluation review technique) chart, created by the US Navy, would assist a project management in understanding the project milestones and the sequence in which they are expected to be achieved.
The U.S. Navy's Special Projects Office developed PERT charts for the first time in the 1950s to direct the construction of the Polaris nuclear submarine.
PERT charts use nodes, which are circles or rectangles, to indicate project milestones or occurrences. Vectors, or lines, that represent various tasks and their dependencies connect these nodes.
Managers can assess the amount of time and resources needed to manage a project using a PERT chart.
Project events or milestones are represented by circles or rectangles on a PERT chart, known as nodes. Different jobs are represented by vectors or lines that connect the nodes.
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Which action is best if the government wants to redistribute wealth?
Implement a progressive tax system.
Reallocate public lands.
Raise revenue using tariffs and excise taxes.
Reorganize collectively-owned property
Answers
Answer:
A. implement a progressive tax system
Explanation:
this basically means taking from the rich and cutting the poor a break
The government wants to redistribute wealth and implement a progressive tax system. Hence, option (A) is correct.
What is the tax?The term tax refers to that it is compulsory financial charges are being there which have to pay to the people over a given period of time by the tax-paying government runs and make proper work in it by paying the tax more development can be there in the organization as well. By paying taxes easily, the government can run.
The government wants to make the wealth to be redistributed, the government is liable to implement a progressive and effective way of the tax system and liable to pay by the tax system the more easily the work can be there. Through the tax system, more new opportunities can take place and better work be there.
Therefore, option (A) is correct.
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T/F: Other things the same, as the price level falls, the exchange rate rises. A rise in the exchange rate leads to a decrease in net exports.
Answers
True. Other things being equal, when the price level falls, the exchange rate tends to rise.
A decrease in the price level makes goods and services in the country relatively cheaper compared to other countries, leading to an increase in demand for the country's currency. As a result, the exchange rate strengthens. Conversely, a rise in the exchange rate makes the country's currency relatively more expensive, which can decrease net exports. A stronger exchange rate makes the country's exports more expensive for foreign buyers and imports relatively cheaper for domestic consumers, thus reducing the demand for exports and increasing the demand for imports, resulting in a decrease in net exports.
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delta sigma theta letter of recommendation example
Answers
An example of a Delta Sigma Theta letter of recommendation is one written in support of an individual who is applying for membership in the organization.
The letter should express why the individual is an ideal candidate for membership in Delta Sigma Theta recommendation.
The letter should include details on the individual's leadership qualities, community service, academic achievements, and any other qualities that make the individual stand out. It should also be written in a way that conveys the writer's enthusiasm and support for the individual.
Ultimately, the letter should be a testament to the individual's potential as a future member of Delta Sigma Theta.
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All forces or factors that affect marketing policies decisions and operations of a business.
Answers
The forces and factors that affect marketing policies, decisions, and operations of a business can be categorized into various elements.
Here are some key factors to consider:
1. Internal Factors:
- Goals and Objectives: The marketing policies of a business are influenced by its overall goals and objectives. For example, if the company aims to increase market share, the marketing policies may focus on aggressive pricing and promotional strategies.
- Resources: The available resources, such as budget, human capital, and technology, impact the marketing decisions. A business with limited resources may need to prioritize certain marketing activities over others.
- Organizational Culture: The values, beliefs, and norms of the organization can influence marketing policies. For instance, a company with a customer-centric culture may prioritize customer satisfaction in its marketing strategies.
2. External Factors:
- Market Conditions: Factors like competition, customer preferences, and market trends shape marketing policies. A business needs to analyze the market dynamics to effectively position its products or services.
- Economic Factors: Economic conditions, such as inflation, interest rates, and income levels, impact consumer buying behavior. Businesses need to consider these factors while formulating marketing policies.
- Legal and Regulatory Environment: Laws and regulations, such as advertising guidelines and consumer protection laws, influence marketing decisions. Compliance with these regulations is essential to avoid legal issues.
- Technological Advancements: Technology plays a vital role in shaping marketing strategies. Businesses need to adapt to advancements in digital marketing, data analytics, and social media platforms to stay competitive.
- Social and Cultural Factors: Societal values, cultural norms, and demographic trends influence marketing decisions. For example, a company targeting the younger generation may adopt social media marketing strategies.
It is important to note that these factors can vary across industries and businesses. Therefore, understanding and analyzing these forces can help businesses make informed marketing policy decisions that align with their goals and effectively reach their target audience.
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Explain how herbs are used in treating any
5 diseases
Answers
Answer:
An herb is a plant or plant part used for its scent, flavor, or therapeutic properties. Herbal medicines are one type of dietary supplement. They are sold as tablets, capsules, powders, teas, extracts, and fresh or dried plants. People use herbal medicines to try to maintain or improve their health.
Explanation:
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4. What competitive structure features pricing that is determined entirely through the laws of supply and demand and requires t
Moderate competition
Perfect competition
Monopolistic competition
Direct competition
Answers
Pricing is not determined by supply and demand forces in monopolistic competition. Companies set the prices for their distinctly different yet similarly priced items. The answer is option (c).
What is monopolistic competition?When a large number of businesses provide rival goods or services that are comparable but imperfect alternatives, monopolistic competition develops. A monopolistic competitive economy has minimal entry requirements, and actions made by any one business do not immediately impact those of its rivals.
Consider a market system where there are many businesses and free enterprise entrance and exit, but the goods these businesses produce are not uniform. A market structure like this is referred to as monopolistic competition.
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