Suppose that in the coming years Australia doesn't invest as much in research and development as other countries. Which of the following is a likely long run consequence of a declining productivity rate, relative to other countries?
Production costs will fall relative to other countries and the AUD will depreciate against other currencies.
Production costs will rise relative to other countries and the AUD will appreciate against other currencies.
Production costs will rise relative to other countries and the AUD will depreciate against other currencies.
Exchange rates of AUD will be unaffected by changes in the relative rate of productivity growth in Australia.
Production costs will fall relative to other countries and the AUD will appreciate against other currencies

Answers

Answer 1

Suppose that in the coming years, Australia doesn't invest as much in research and development as other countries. The likely long-run consequence of a declining productivity rate, relative to other countries is that Production costs will rise relative to other countries and the AUD will appreciate against other currencies. The correct answer is option(b).

Productivity is a measure of the efficiency with which a nation transforms inputs (such as labor and capital) into outputs (such as goods and services). Productivity growth occurs when the rate of increase in outputs exceeds the rate of increase in inputs used in production. If a country's productivity falls behind that of its trading partners, production costs in the country will rise relative to those in other countries.

Because of the increase in production costs, firms will become less competitive in the international market. This will result in a decline in the country's exports and an increase in its imports, resulting in a balance of trade deficit. The correct option is: Production costs will rise relative to other countries and the AUD will appreciate against other currencies.

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Related Questions

Jase Manufacturing Co.'s static budget at 7,900 units of production includes $39,500 for direct labor and $2,370 for electric power. Total fixed costs are $40,100. At 10,000 units of production, a flexible budget would show a.variable costs of $53,000 and $40,100 of fixed costs b.variable costs of $53,000 and $50,759 of fixed costs c.variable costs of $41,870 and $40,100 d.variable and fixed costs totaling $81,970

Answers

Answer:

Variable costs of $53,000 and $40,100 of fixed costs

Explanation:

Given:

Production unit = 7,900

Direct labour = $39,500

Electric power = $2,370

Total fixed cost = $40,100

Find:

Variable cost and fixed cost at 10,000 units

Computation:

Particular                                                            Amount

Direct labour cost[39,500][10,000/7,900]        $50,000

Electric power [2,370][10,000/7,900]                $3,000

Variable cost                                                        $53,000

Total fixed cost                                                    $40,100

Total cost                                                             $93,100  

The sales price of the property is $185,000. the new loan is $145,000. how much will the transfer tax be? a. $40 b. $185 c. $145 d. $435

Answers

Based on the sales price of the property and the size of the loan, the transfer tax would be b. $185

What is the transfer tax?

A missing part of the question lists the transfer tax rate as $1 per $1,000.

This means that for every $1,000 of the sales value of the property, $1 will be charged.

The transfer tax is:

= 1 x 185,000 / 1,000

= 1 x 185

= $185

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List and explain ten factors to consider in preparing family income​

Answers

Answer:

1. Availability of Money:

The expenditure of a family depends upon the availability of money or total income of the family. It can afford to spend under various needs. In lower income group, families expenditure is more on food. Higher income group families spend more on recreation, education and luxuries etc.

2. The size and the composition of the family:

Expenditure depends upon the size and composition of the family. The size of the family means the number of adults and children. The more the mouths to eat the expenditure is more on food, clothing and shelter. With the growth of children, more will be spent on education and clothing. More will be spent towards transportation when the members go out of the house for work or study.

Composition of the family means the number of adults and children in the family. It also includes the number of males, females and old persons. For old persons, extra expenditure will be incurred towards health and medical expenses.

3. Stages of family life cycle:

Family life cycle plays an important role in spending money. At the beginning stage, most part of the family income is spent towards the establishment expenditure as a newly married couple starts their family life. In the expanding stage families need money for the children, their food, dress, education etc. Some families in the expanding stage spend more on purchasing durable household goods, furniture etc. In the contracting stage major expenditure is on wedding celebration of their children. During this stage, the family income is gradually reduced. So the expenditure should be cut short.

4. Occupation of the family members:

Sometimes expenditure of the family depends upon the occupation of the family members. In certain jobs, there are special benefits like free quarters, educational facilities for children, health and medical allowance, travelling allowance etc.

5. The needs and objectives of the family:

Expenditure will be done according to the needs and objectives of the family. For example, a family where young children are there, more will be spent for nutritious foods. Old people require health and medical expenses. Working women spend money for the servants as they do not find time to do the household work.

6. Resources:

Both human and material resources can make significant changes in the pattern of expenditure of a family. The abilities, skill, knowledge, interest, attitude and habits of the members of the family can be utilized for various purposes as supplementary income.

7. Locality of the family:

In rural areas more will be spent on food. But in urban areas the expenditure is more on education, recreation, transportation, accommodation etc.

8. Socio-economic status of the family:

The socio-economic status of the family is determined by its income, education level and occupation of the members. The higher the socio-economic status the expenditure will be more on interior decoration, higher education, club membership, accommodation, recreation etc. The total expenditure depends on the standard of living the family maintains.

9. Social and religious traditions:

Some families accept old and traditional values. So they spend more on marriages and religious festival.

10. Personal choice:

Expenditure depends upon the personal choice. For example, one person may have a liking for expensive perfumes and jewellery while another may have simple tastes. Expenditure is also affected by the measures taken in the family to make provision for the future like house building, higher education of children etc. The home-maker will be able to manage with her income by cutting out unnecessary and extravagant expenditure. “One must cut one’s coat according to his cloth.”

This saying is rightly proved in home management. Balancing of income and expenditure is the best way of money management. Whatever the income may be, the efficient management of money is a requisite for a happy, successful and peaceful family life.

what happens to a seller's demand curve as the seller gains market power? group of answer choices the curve becomes horizontal. the curve shifts to the left. the slope of the curve becomes steeper. the slope of the curve becomes less steep.

Answers

As a seller gains market power, they are able to influence the market and increase their pricing. This results in a decrease in the quantity demanded by consumers at any given price point.

As a result, the demand curve for the seller's product will shift to the left. Additionally, the slope of the demand curve will become steeper, indicating that consumers are less willing to buy the product as its price increases. Therefore, the correct answer to your question is "the curve shifts to the left and the slope of the curve becomes steeper."
The correct answer is the slope of the curve becomes less steep. As a seller gains market power, they can influence prices and face less competition. This leads to a decrease in price sensitivity, causing the demand curve to become less steep.

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This is so true don’t you think so ???

This is so true dont you think so ???

Answers

Answer:

yup

Explanation:

Select the correct answer.

Helen is the head of the accounts department in a small business. She is calculating the various expenses that the business has incurred in the past quarter. On which asset would she need to calculate the expense of depreciation?

A. Cash

B. Inventory

C. Machinery

D. Accounts receivable

Answers

As a head of the accounts department in a small business. In machinery asset helen need to calculate the expense of depreciation. so option c is  correct.

What exactly does accounting depreciation mean?

Depreciation is a type of non-cash business expense that is computed throughout the time that an asset is valuable to your company. Using up a portion of an asset's worth at a cost that may be deducted from taxable income allows every organization to benefit from depreciation.

Depreciation is an accounting phrase that covers two distinct but related ideas: firstly, the real decline in an asset's fair value, such as the annual decline in the value of factory equipment.

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Halima wants a Manufacturing career. She wants to be very successful and get paid well. Which career pays the
highest salary?
A.hand packages
B.mechanical engineer
C.quality control inspectors
D.environmental engineering technician

Answers

Answer:

D

Explanation:

Answer:

The answer is actually B) Mechanical engineer

Explanation:

I got 94% right on the edge unit test :)

a common approach to system testing is to test the system until the testing budget is exhausted and then deliver the system to customers. discuss the ethics of this approach for systems that are delivered to external customers.

Answers

System testing is a type of testing that verifies a fully integrated and finished piece of software. A system test's objective is to assess the complete system requirements. The software is typically just one component of a broader computer-based system.

What is the system?

A system is a group of moving or interrelated elements that act according to a set of rules to form a unified whole. A system, surrounded and influenced by its situation, is described by its boundaries, structure, and function and shown in its functioning. Systems are the subjects of study of systems theory and other schemes sciences.

The feudal system is a type of social and political system in which landholders provide land to holders in exchange for their trueness and service. The greatest authority Feudalism in 12th-century England was among the better-structured and accomplished systems in Europe at the time.

Therefore, System testing is a type of testing that verifies a fully integrated and finished piece of software

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berry dive shop receives a total of $500 today from its customer for scuba diving lessons. the lessons begin in the next fiscal year. which of the following describes how the company will account for this transaction? multiple choice credit cash for $500. credit deferred revenue for $500. debit deferred revenue for $500. retained earnings decreases by $500.

Answers

Today's customer pays Berry Dive Shop a total of $500 for scuba diving instruction. The lessons start the following fiscal year. The $500 transaction will be made using the company's credit deferred revenue account. Hence, Option B is correct.

An agreement between a buyer and a seller to trade products, services, or assets in exchange for money is referred to as a financial transaction. Any transaction involves a shift in the financial standing of two or more businesses or people.

One or more financial assets, most frequently money or another pricey object like gold or silver, are always a part of a financial transaction. Financial transactions can take many different forms.

The most frequent kind, purchases, take place when a thing, service, or other commodity is sold to a consumer in exchange for cash. The majority of purchases are made with cash, including checks, debit cards, and real money.

Therefore, Option B is correct.

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During the two years he has been working, Jeffrey has saved some money to buy a house. His parents have agreed to loan him part of the down payment, and he has started to look for a house he can afford. He discovered a great house that has two apartments in it. He has looked at all the information carefully, done his budget, and thinks he can afford the house because he will live in only part of it and will rent out the other half. If Jeffrey buys this house, lives in the apartment upstairs and rents out the apartment downstairs, which of the following is true?

Answers

Answer:

you have to give "the following"

An insureds long term policy is scheduled to pay a fixed amount of coverage of $120 per day. The long term care facility only charged $100 per day. How much will the insurance company pay?

Answers

The insurance company will pay $120 per day, and the amount charged by the long-term care facility is $100.

In this situation, the insured has a long-term policy that guarantees a fixed coverage amount of $120 per day. However, the long-term care facility charges only $100 per day for its services. When determining the payment, the insurance company will honor the fixed coverage amount specified in the policy and pay $120 per day.

Insurance policies are legal agreements between the insured and the insurance company. They outline the terms and conditions of coverage, including the benefits and payment obligations. In this case, the insured has purchased a long-term policy that guarantees a specific daily coverage amount.

When the insured receives care at a long-term care facility, the facility charges $100 per day for their services. However, the insurance company is bound by the terms of the policy and is required to pay the agreed-upon fixed coverage amount, which is $120 per day.

This means that the insurance company will pay the full $120 per day, regardless of the lower charge from the long-term care facility. The additional $20 per day represents the coverage and financial support provided by the insurance policy.

By paying the fixed coverage amount, the insurance company ensures that the insured receives the full benefits of their policy and has sufficient financial resources to cover the costs of long-term care. It provides a level of certainty and stability for the insured and helps alleviate the financial burden associated with long-term care expenses.

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Michelle needs to view and delete macros in a document. Which steps should she follow to perform this action?

Answers

Under the Developer tab, click the Macros button in the Code group, select the macro to delete, and press Delete.

What is the Macros button?

An alternative to keystrokes is the macro key. A key sequence is a set of keyboard, mouse, or menu operations connected to a command. Moreover, a program can be easily launched by pressing the macro key.

Michelle should follow these steps -

Open the document where the macros are located.

Click on the Developer tab.

In the Code group, click the Macros button.

A dialog box will appear, displaying the list of macros in the document.

Select the macro that needs to be deleted.

Press the Delete button.

It's worth noting that the other options are not correct steps. Pressing Alt+F8 will bring up the Macro dialog box, but it won't allow to delete macros. Pressing Alt+F11 will open the Visual Basic Editor, but it won't allow to delete macros either.

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Which factor was not provided in the article as a reason for limits being placed on ethanol used in fuel.
a. Ethanol attracts water into engines.
b. There is a limited amount of corn to be converted into ethanol.
c. Most car engines begin to erode when using too much ethanol.
d. Few people own vehicles with engines that can use high amounts of ethanol.

Answers

d) The factor that was not provided in the article as a reason for limits being placed on ethanol used in fuel is Few people own vehicles with engines that can use high amounts of ethanol.

In the given options, factors a, b, and c were mentioned in the article as reasons for limits being placed on ethanol used in fuel. The article states that ethanol attracts water into engines (factor a), there is a limited amount of corn available for conversion into ethanol (factor b), and most car engines may experience erosion when using too much ethanol (factor c). However, factor d, which suggests that few people own vehicles with engines that can use high amounts of ethanol, was not mentioned in the article. It is possible that this factor was not discussed or considered in the context of the article's content.

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sport directs and British Heart Foundation: mission, vision, and values.

Answers

Our British goal is to create a world without the worry of cardiovascular and Foundation circulation conditions. These illnesses destroy the hearts mission of millions of families and claim the lives of 1 in 4 people.

We intend to alter that. In order to permanently defeat sadness, we raise money for research into treatments and Foundation cures. According to the BBC's Royal Charter, its purpose is to act in the public interest mission while providing all audiences with objective, outstanding, and distinctive products and services that inform, educate, and amuse them. The British Heart Foundation Society seeks to promote the charity and raise funds for it.

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What are the six basic step of the problem solving process? HURRY I NEED THIS QUICK
WILL GIVE BRAINLIEST

Answers

Answer:

1) identify your problem: Try to describe the problem as much as possible, as opposed to focusing on the potential consequences or implications of the problem.

2) Pin point the problem

3) so that means you should do research based on the problem ^

4)Try evaluating the problem.. perhaps looking at it in perspective ^

5)see how the problem could affect you or others

6) Then work out a plan to solve the problem

Answer:

1) Identify the root problem

2) Identify the factors and causes

3) Generate alternative solutions

4) Decide on the best solution

5) Implement solution

6) Evaluate the results

Explanation:

Which investment is better stocks, bonds, or mutual funds and why?

Answers

\(\text{Hello There!}\)

\(\bold{Stocks}\) \(\text{is the act of putting money in a business and expecting to make a profit.}\)

\(\bold{Bonds}\) \(\text{are more of a safe to invest in, however, you cannot sell them for 12 months.}\)

\(\bold{Mutual\;Funds}\) \(\text{ is the act of investing in securities with other investors}\)

  Mutual Funds can be a good option if you're okay with the lack of investment decisions; however, people often lose money due to the risk of securities going down in value.

  \({\underline{\underline{{Stocks}}}\) are going to be your best option for short-term investments.

   \({\underline{\underline{{Bonds}}}\) are going to be your best option for long-term investments.

 \({\underline{\underline{{Mutual\;Funds}}}\) are going to be your best option for investing in bigger stocks.

\(\boxed{There\;isn't\;a\;"best"\;option;\;it\;depends\;on\;what\;you\;prefer.}\)

\(\rule{300}{1.0}\)

i am making marketing plan for a company can anyone help me in making swot analysis

Answers

A SWOT analysis is to determine the strengths as well as the  weaknesses, and threats associated with the company.

What is SWOT analysis?

SWOT analysis is been carry out in an organizations to develop a full awareness in term of strength and weakness so as to be able to make business decision.

Steps that are required in SWOT analysis are:

Checking external environment.Carry out analysis on industry and competitionKnow the  external opportunities and threats.

Since the information is not complete, this is a guide on SWOT analysis

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the promark company manufactures a pencil that is about five inches long and has no eraser. it sells the product primarily to golf courses and universities. what type of targeting strategy is the promark company using?

Answers

The Premark company is using a niche targeting strategy. A niche targeting strategy focuses on serving a specific and well-defined segment of the market, in this case, golf courses and universities.

The fact that the pencil is small and has no eraser also suggests that it is designed for a specific purpose or use, further emphasizing the niche strategy. This approach allows the company to tailor their marketing and product development efforts to meet the unique needs of this particular segment, which can lead to greater customer loyalty and profitability.


A concentrated targeting strategy is when a company focuses its marketing efforts on a specific and well-defined segment of the population. In this case, Prom ark is targeting golf courses and universities as the primary consumers of their five-inch-long pencil without an eraser.

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An IAR (Investment Adviser Representative) is employed by a Registered Investment Adviser in a State. The IAR has a young, wealthy, client with an investment objective of aggressive growth. To meet the objective, the IAR engages in active trading strategies, using an outside broker to effect the trades at a discounted rate. The IAR receives a small payment from the broker for these trades. Which statement is TRUE

Answers

Correct/Complete Question:

An IAR (Investment Adviser Representative) is employed by a Registered Investment Adviser in a State. The IAR has a young, wealthy, client with an investment objective of aggressive growth. To meet the objective, the IAR engages in active trading strategies, using an outside broker to effect the trades at a discounted rate. The IAR receives a small payment from the broker for these trades. Which statement is TRUE?

A. Because the payment received by the IAR is small, there is no requirement to notify the client of the payment arrangement with the executing broker

B. Because the client has an investment objective of aggressive growth, requiring an active trading strategy, there is no requirement to notify the client of the payment arrangement with the executing broker

C. The IAR must notify the client of the payment arrangement with the executing broker

D. The IAR must notify RIA of the payment arrangement with the executing broker

Answer:

C, The IAR must notify the client of the payment arrangement with the executing broker.

Explanation:

It is important that the IAR notifies the client of the payment arrangement with the executing broker. This is because the client has the right to know everything that is happening with his stocks that is being traded.

This also helps to put the IAR in good light.

Cheers

Expenses that need to be paid before a new business can open are called _____.


operating expenses

ending inventory

start-up costs

beginning inventory

Answers

Answer:

start-up costs

Explanation:

Hopefully that helps.

Answer:

Start Up Costs

Explanation:

Im taking a business major this is the right answer

Is eating a tomato bias?

Answers

Answer:

hindi ko po maintindihan ang tinatanong nyo

Explanation:

sa susunod po kumpletuhin nyo para masagut ko ang tanong mo

Whether risk is present in employment​

Answers

Answer:

Step by step explanation

Aragon and Associates has found from past experience that 25% of its services are for cash. The remaining 75% are on credit. An aging schedule for accounts receivable reveals the following pattern:

Answers

Cash Budget Aragon and Associates have found from past experience that 25% of its services are for cash. The remaining 75% are on credit. An aging schedule for accounts receivable reveals the following patterns sixty percent of fees on credit are collected in the month following service.

Aragon and Associates is a business that must prepare a cash budget to ensure that they have enough cash on hand to meet its obligations as they become due. To do this, they need to understand their cash inflows from sales.

Based on past experience, they know that 25% of their services are for cash and the remaining 75% are for credit. An aging schedule for accounts receivable reveals that 10% of fees on credit are collected in the month that service is rendered, 60% in the following month, 26% in the second month following service, and 4% are never collected.

Any fees that are not paid until the second month are subject to a 3% late charge. By analyzing this information, Aragon and Associates can prepare a schedule of cash receipts that outlines the expected timing and amount of cash inflows from credit sales. This allows them to manage their cash flow effectively and operate their business efficiently.

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Complete question:

Cash Budget Aragon and Associates have found from past experience that 25% of its services are for cash. The remaining 75% are on credit. An aging schedule for accounts receivable reveals the following patterns a. Ten percent of fees on credit are collected in the month that service is rendered b. Sixty percent of fees on credit are collected in the month following service. c. Twenty-six percent of fees on credit are collected in the second month following service d. Four percent of fees on credit are never collected.

1. Do you believe E-sports will continue to grow in the future? Why or why not?

Answers

Answer: I don’t really know but I think it will still be popular and lots of people will still play no matter what

Answer:

In terms of video games, yes. Because, everyone can play videogames, but not everyone can compete in physical sports.

Explanation:

I don't need to give an explanation since it's my opinion. So don't report this answer please...

Hi guys! 40 points!

I would appreciate some help on this one, I'm stumped lol.

What are some ways to encourage companies to get involved in exporting? Would exporting necessarily lead to a favorable balance of trade?

Answers

Answer:

1. Give companies the idea that they have an advantage in certain foreign markets and that they can earn a lot of money from this. Companies that make good business with exporting goods also earn them a reputable reputation.

2. If the exports of a country exceed its imports, the country is said to have a favourable balance of trade, or a trade surplus. Conversely, if the imports exceed exports, an unfavourable balance of trade, or a trade deficit, exists.

Explanation:

hope this helps :)

When a product has gained a certain level of brand awareness, firms use _____ advertising to motivate consumers to take action.

Answers

When a product has gained a certain level of brand awareness, firms use persuasive advertising to motivate consumers to take action.

Persuasive advertising is the advertising modality dedicated mainly to convincing the public for a certain product or service by specifically appealing to their sensory, subjective or emotional factors.

It is the strategy in which the characteristics of a product or service are taken into account, conspicuously highlighted and used to achieve more sales.

Persuasive advertising aims to convince the consumers to make the desired decision.

Therefore, we can conclude that persuasive advertising is a strategy that focuses on showing the most attractive benefits and characteristics to the consumer and uses them to get more sales of the product.

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What are 2 different payments relating to insurance that are used for almost all kinds of insurance?

Answers

Answer:

credit or debit?

Explanation:

Compare the four forms of competition.

Answers

Answer:

I

Explanation:

1

What are the steps for using the Evaluate Formula feature?

1. Select the cell with the formula you want to evaluate.

2. Click the
tab on the ribbon.

3. In the
group, click
.

4. Click Evaluate or
to start the process.

Answers

Answer:

Formulas

Formula auditing

evaluate formula

step in

Explanation:

just did it :)

Answer:

1) Formulas

2) Formula Auditing

3) Evaluate Formula

4) Step in

Explanation:

HOW TO USE THE EVALUATE FORMULA FEATURE:

1. Select the cell with the formula you want to evaluate.

2. Click the ✔ Formulas  tab on the ribbon.

3. In the  ✔ Formula Auditing  group, click ✔ Evaluate Formula .

4. Click Evaluate or  ✔ Step In to start the process.

How does saving influence economic activity?

Answers

How does saving influence economic activity? by making more money available to be used by individuals, businesses, and the government. When the borrowed money is spent, the demand for goods and services is increased, which creates more jobs and spending for workers.

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In each part, give the direction as a positive angle with respect to the horizontal. Which of these clothing items is usually worn in winter? methane is collected with water displacement at 294.65 k and 760.0 torr. what is the partial pressure (in torr) of the ch4 ? Whats this surface area? During an emergency, when is the best time to evacuate?Select one:Once the roads clear upAs soon as possibleOnce everything is packedAs soon as it's on the news A waiter Yo es el mesero. Ella soy el mesero. Ella es el mesero. Yo soy el mesero. ACL BAKARMISINIZ ???????Ali ile Veli nin paralar toplam 1800 TL dir. Ali nin parasnn 2 kat , Veli nin parasnn 3 katna eittir . Buna gre Ali nin paras ka TL dir ?A)640B)720C)960D)1080E)1200 A common design requirement is that an environment must fit the range of people who fall between the 5th percentile for women and the 95th percentile for women. Males have sitting knee heights that are normally distributed with a mean of 21.1 inches and a standard deviation of 1.3 inches. Females have sitting knee heights that are normally distributed with a mean of 19.4 inches and a standard deviation of 1.2 inches.1) What is the minimum table clearance required to satisfy the requirement of fitting 95% of men? Round to one decimal place as needed.2) Determine if the following statement is true or false. If there is a clearance for 95% of males, there will certainly be clearance for all women in the bottom 5%.A) The statement is true because some women will have sitting knee heights that are outliers.B) The statement is false because some women will have sitting knee heights that are outliers.C) The statement is true because the 95th percentile for men is greater than the 5th percentile for women.D) The statement is false because the 95th percentile for men is greater than the 5th percentile for women.3) The author is writing this exercise at a table with a clearance of 23.8 inches above the floor. What percentage of men fit this table? What percentage of women? Round to two decimal places as needed.4) Does the table appear to be made to fit almost everyone? Choose the correct answer below.A) The table will fit almost everyone except about 2% of men with the largest sitting knee heights.B) The table will fit only 2% of men.C) The table will fit only 1% of women.D) Not enough info to determine if the table appears to be made to fit almost everyone. What is the purpose of informational text?(5 points)aTo informbTo contrastTo entertaindTo persuade John Book Shop's has the following information: Sales = RM3,000 Total assets = RM3,000 Profit margin = 5% Total debt ratio = 60% Compute the return on equity. Select one: a. 41.3% b. 23.2% c. 12.5% d. 5% The new-accounts officer at the Buzz Bank enrolls all new customers in checking accounts. During the 3 week period in August encompassing the beginning of the new school year at GT, the bank opens a lot of new accounts for students. The bank estimates the arrival during this period will be Poisson distributed with an average of four students per hour. The service time is exponentially distributed with an average of 12 minutes per student to setup a new checking account. The bank manager doesnt want a customer to wait more than 50 minutes to be served. The bank wants to determine the operating characteristics for the system and determine if the current officer is sufficient to handle the increased traffic.