Customers exhibit a Poisson arrival distribution and the barber must provide an exponential service distribution. Market data indicates that customers arrive at a rate of 2 per hour. It will take an average of 20 minutes to give a haircut, and that business would remain unchanged with customers arriving at a rate of two per hour. Find the following information to help Benny decide if a second chair should be added:

a. The average number of customers waiting.
b. The average time a customer waits.
c. The average time a customer is in the shop.

Answers

Answer 1

Answer: the answer is b

Explanation:


Related Questions

Various financial data for SunPath Manufacturing for 2019 and 2020 follow.

2019 2020
Output: Sales $300,000 $330,000
Inputs: Labor 40,000 43,000
Raw Materials 45,000 51,000
Energy 10,000 9,000
Capital Employed 250,000 262,000
Other 2,000 6,000

Required:
What is the percentage change in the multifactor labor and raw materials productivity measure for SunPath between 2019 and 2020?

Answers

Answer:

-0.53191

Explanation:

The computation of the percentage change is given below:

Productivity

In the year 2019 is

= $300,000 ÷ (40,000 + 45,000)

= 3.5294118

In the year 2020 is

= $330,000 ÷ (43,000 + 51,000)

= 3.5106383

Now the percentage change is

= (3.5106383 -  3.5294118)  ÷ 3.5294118

= -0.53191

The percentage change in the multifactor labor and raw materials productivity measure from 2019 to 2020 was -0.53%

The multifactor labor and raw materials productivity measure is calculated by the formula:

= Sales / (Raw materials + labor)

In 2019 this was:

= 300,000 / (40,000 + 45,000)

= 3.5294

In 2020 it was:

= 330,000 / (43,000 + 51,000)

= 3.5106

The percentage difference is:

= (3.5106 - 3.5294) / 3.5294

= -0.0188 / 3.5294

= -0.53 %

The percentage change was therefore -0.53%.

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Rosie is an employee of Social Media Company. At the end of a successful unionization campaign, Tech Workers Union is certified as the employees’ bargaining representative. Rosie refuses to join the union. For this refusal, under the National Labor Relations Act, the union can force the company to

Answers

Answer: d. none of the choices.

Explanation:

Joining a union is a voluntary act which means that if a person decides not to join one, not much can be done about it by the Union.

The Union cannot compel the company to discharge or fire the employee, neither can they encourage them to deny the employee a promotion or discriminate against the employee in their employment of the employee.

The main disadvantage of not being in a trade union is that they will not represent you in disputes against the company.

Financial statement forecasts rely on additivity within financial statements and articulation across financial statements. Given this information sales growth forecasts will most likely affect growth in:

Answers

Answer: account receivable

Explanation:

The forecast in sales growth will most likely affect growth of the account receivable. Accounts receivable refers to the amount that's due to a business for the goods or services that were delivered to.a customer but.habent been paid for. It's s current asset.

The sale growth forecast will have an effect on the account receivable. An increase in sales growth will ultimately lead to an increase in the accounts receivable which implies that there will be more customers buying on credit.

You have just finished analyzing data for a marketing project. Before moving forward, you share your results with members of the marketing team to see if they might have additional insights into the business problem. What practice does this support?

Answers

Answer:

Data-driven decision-making

Explanation:

Marketing can be defined as the process of developing promotional techniques and sales strategies by a firm, so as to enhance the availability of goods and services to meet the needs of the end users or consumers through advertising and market research. Thus, it comprises of all the activities such as, identifying, anticipating set of medium and processes for creating, promoting, delivering, and exchanging goods and services that has value for customers. It typically, involves understanding customer needs, building and maintaining healthy relationships with them in order to scale up your business.

In this scenario, the practice supports data-driven decision-making because the researcher shared his or her results with members of the marketing team to see if they might have additional insights into the business problem

The additional planning that may be done after sharing this data with the organization might be helpful in contributing towards the growth of the organization. This process is referred to as Data-backed planning.

Data backed planning can be used to hamper the growth of the organization in a positive way by using numbers that can help analyzing and discussing new strategies by the management.

Data is considered to be an important source of analysis which is purely backed by performance, not in efficiency, but in numbers. Data backed research also helps identifying the problem with one single area.

If there is a decline in sales only due to one buyer, it can be denoted by his name, say Mr. A and will also let the organization identify and focus more on the core problem rather than worrying about entire sales.

Data backed planning gives results in absolute numbers and is not based on the efficiency in the performance. However the efficiency can be determined based on numbers.

Hence, the above statement denotes that the data backed analysis is a process based on the sharing the data of business insights with marketing team to help improve the inner side of the business.

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South Africa mined 697,000 metric tons of aluminum in 2016. China mined 31,200,000
metric tons of aluminum in 2016. Which country had the absolute advantage?
A. South Africa
B. China

Answers

Answer:

China

Explanation:

Whenever a manufacturer can create an item or function in larger volume for the similar price, or even the same amount at a cheaper price, than other suppliers, he or she has an absolute advantage Large profits from commerce amongst suppliers of various commodities with differing absolute advantages might be based on absolute advantage.

Fern, Inc., Ivy, Inc., and Jeremy formed a general partnership. Fern owns a 50% interest, and Ivy and Jeremy each own 25% interests. Fern, Inc. files its tax return on an October 31 year end; Ivy, Inc. files with a May 31 year end, and Jeremy is a calendar year taxpayer. Which of the following statements is true regarding the taxable year the partnership can choose?

a. The partnership must choose the calendar year because it has no principal partners.
b. The partnership must choose an October year-end because Fern, Inc., is a principal partner.
c. The partnership can request permission from the IRS to use a March 31 fiscal year under § 444.
d. The partnership must use the "least aggregate deferral" method to determine its taxable year.
e. None of the above.

Answers

Answer:

d. The partnership must use the "least aggregate deferral" method to determine its taxable year.

Explanation:

The least [tex]\text{aggregate }[/tex] deferral of income may be obtained by multiplying the LCC profit of every member for a year by the [tex]\text{number of months}[/tex] of the deferral which would arise through the selection of a proposed year end.

They must this method as the [tex]\text{partnership}[/tex] does not have any [tex]\text{majority partners}[/tex] and all the principal partners do not have same taxable year. The least [tex]\text{aggregate }[/tex] deferral method determines the required [tex]\text{taxable year}[/tex] of the partnership.

Thus, the correct option is (d).

If one U.S. dollar was worth 1.22 Canadian dollars when Sal went to a debate tournament in Toronto, and he had $300 in U.S. currency as spending money, how much was his money worth in Canadian dollars?

Answers

Answer:

366

Explanation:

300 x 1.22

Childress Company produces three products, K1, S5, and G9. Each product uses the same type of direct material. K1 uses 4.5 pounds of the material, S5 uses 3.4 pounds of the material, and G9 uses 5.2 pounds of the material. Demand for all products is strong, but only 48,400 pounds of material are available. Information about the selling price per unit and variable cost per unit of each product follows. K1 S5 G91 Selling price $ 178.15 $ 127.00 $ 214.40 Variable costs 103.00 93.00 152.00 Calculate the contribution margin per pound for each of the three products. Orders for which product should be produced and filled first, then second, and then third

Answers

Answer:

Childress Company

                                                             K1             S5           G9

a. Contribution margin per pound $16.70      $10.00    $12.00

b. Order of production

First, K1

Second G9

Third S5

Explanation:

a) Data and Calculations:

Pounds of materials available = 48,400

                                                           K1           S5           G9

Pounds of materials per unit           4.5           3.4           5.2

Selling price                               $ 178.15   $ 127.00 $ 214.40

Variable costs                              103.00       93.00    152.00

Contribution margin per unit      $75.15     $34.00   $62.40

Contribution margin per pound $16.70      $10.00    $12.00

Take It All Away has a cost of equity of 10.60 percent, a pretax cost of debt of 5.31 percent, and a tax rate of 40 percent. The company's capital structure consists of 70 percent debt on a book value basis, but debt is 30 percent of the company's value on a market value basis. What is the company's WACC

Answers

Answer: 8.38%

Explanation:

When calculating Weighted Average Cost of Capital (WACC), use the market values.

WACC:

= (Cost of equity * Proportion of equity) + (After tax cost of debt * Proportion of debt)

If debt is 30% then equity will be 70%.

WACC = (10.60% * 70%) + ( 5.31% * (1 - 40% tax rate) * 30%)

= 7.42% + 0.9558%

= 8.38%

Sales of hot dogs at the corner of 24th and Lex. follow the following patterns: 40% of the days, 80 are sold; 50% of the days, 90 are sold; and the remaining days,100 are sold. Given the vendor plans to stock 90 each day, What approx. expected CSL is the vendor targeting

Answers

Answer: 90%

Explanation:

Cycle Service Level refers to the expected probability by which a manufacturer meets the demand for a particular product and is not being stockout.

In this case,

40% of the days, 80 are sold;

50% of the days, 90 are sold

10% of the days; 100 are sold.

Since the vendor plans to stock 90 each day, then the vendor will meet demand during 40% of the days, when 80 are sold; and during 50% of the days, when 90 are sold.

Therefore, the expected CSL is the vendor targeting will be:

= 40% + 50%

= 90%

The following information is available for the first month of operations of Bahadir Company, a manufacturer of mechanical pencils: Sales $278,670 Gross profit 162,460 Cost of goods manufactured 139,340 Indirect labor 60,470 Factory depreciation 9,200 Materials purchased 85,830 Total manufacturing costs for the period 160,240 Materials inventory, ending 11,430Using the above information, determine the following missing amounts a. Cost of goods sold b. Finished goods inventory at the end of the month c. Direct materials cost d. Direct labor cost e. Work in process inventory at the end of the month

Answers

Answer:

a. Cost of Goods sold:

= Sales - Gross profit

= 278,670 - 162,460

= $116,210

b. Finished goods:

= Cost of Goods manufactured - Cost of goods sold

= 139,340 - 116,210

= $23,130

c. Direct materials cost

= Materials purchased - Ending materials inventory

= 85,830 - 11,430

= $74,400

d. Direct labor cost:

= Manufacturing costs - Direct materials cost - Factory overheads

= 160,240 - 74,400 - (Indirect labor + Depreciation)

= 160,240 - 74,400 - (60,470 + 9,200)

= $16,170

e. Work in process:

= Manufacturing costs - Cost of Goods manufactured

= 160,240 - 139,340

= $20,900

Abraham told Linda that if she did not sign over her stock options to him he would inflict bodily harm on her and her family. Linda quickly signs over all of her stock options. This is known as _______.

a. negligence
b. coercion
c. manipulation
d. duress
e. breach of duty

Answers

Answer:

d) Duress

Explanation:

From the question we are informed about Abraham who told Linda that if she did not sign over her stock options to him he would inflict bodily harm on her and her family. Linda quickly signs over all of her stock options. This is known as Duress.

Duress can be regarded as an act which involves the use of force, psychological pressure as well as

coercion and threats or other means to make sure that someone act against his or her wishes. Whenever an individual act under duress, then their act is not from their own free will and this is treatable just accordingly when it comes to court proceedings.

The market shares of the top five firms in the dishware industry are 18%, 32%, 11%, 14%, and 8%. What is the four-firm concentration ratio for the dishware industry

Answers

Answer:

75%

Explanation:

Calculation to determine the four-firm concentration ratio for the dishware industry

Four-firm concentration ratio =18%+32%+11%+14%

Four-firm concentration ratio=75%

Therefore the four-firm concentration ratio for the dishware industry is 75%

Would the following companies most likely use job order costing system or process costing​ system?
1. Paint manufacturer
2. Print shop
3. Caterer
4. Soft drink bottler
5. Yacht builder

Answers

Answer and Explanation:

The classification of the following terms to be job order costing system or process costing system

1. It is a process costing

2. It is a job order costing

3. it is a job order costing

4. It is a process costing

5. It is a job order costing

In this way, it should be categorized under the job order costing and the process costing system

The same should be relevant

The job order costing is a costing method used when the customers only order the products in small quantities while the process order costing usually occurs when the customers order the product in a larger quantity.

1. Paint manufacturer: This will be process costing since it's usually in large quantities.

2. Print shop: This will be a job order costing since it's usually in small quantities.

3. Caterer: This will be a job order costing since it's usually in small quantities.

4. Soft drink bottler: This will be process costing since it's usually in large quantities.

5. Yacht builder: This will be a job order costing since it's usually in smaller quantities.

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MC Qu. 88 Hayes Inc. provided the following information... Hayes Inc. provided the following information for the current year: Beginning inventory 230units Units produced 880units Units sold 934units Selling price$280/unit Direct materials$48/unit Direct labor$29/unit Variable manufacturing overhead$28/unit Fixed manufacturing overhead$39,600/yr Variable selling/administrative costs$21/unit Fixed selling/administrative costs$28,500/yr What is the unit product cost for the year using variable costing

Answers

Answer:

Unit product cost= $105

Explanation:

The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead).

Unit product cost= direct material + direct labor + variable overhead

Direct materials$48/unit

Direct labor$29/unit

Variable manufacturing overhead$28/unit

Unit product cost= 48 + 29 + 28

Unit product cost= $105

You are a provider of portfolio insurance and are establishing a four-year program. The portfolio you manage is currently worth $150 million, and you promise to provide a minimum return of 0%. The equity portfolio has a standard deviation of 25% per year, and T-bills pay 7.5% per year. Assume that the portfolio pays no dividends.

Required:
a. What percentage of the portfolio should be placed in bills?
b. What percentage of the portfolio should be placed in equity?

Answers

Answer:

sorry but I don't know sorry

Assume you are running a paid campaign and your original budget was $50,000 for the month. It's a 31-day month and you have spent $20,000 so far on days 1 - 11. On day 12, your client changes the monthly budget to $75,000. What should your new daily budget be?

Answers

Answer: $2750

Explanation:

The original budget was $50,000 for the month, $20,000 has been spent already after which there was a revision of the monthly budget to $75,000.

Since $20000 has been spent, the remaining budget will be:

= $75000 - $20000

= $55000

Also, the money was spent for 11 days, therefore the number of days remaining will be:

= 31 - 11

= 20 days.

Therefore, the new daily budget for the month will be:

= $55,000 / 20 days

= $2,750

You want to have $100,000 in 30 years to pay for your long-awaited cruise around the world. You open a savings bank account for this purpose, and you want to reach the above sum by making equal annual deposits. You will make the first deposit today and the last one in 30 years. You are assured to earn an EAR of 5% on money deposited in your account. Your annual payments should be (rounded to the nearest dollar):

Answers

Answer:

the annual payment should be $6,505

Explanation:

The computation of the annual payment should be

Annual Payment = P × r × (1+r)^n÷ (1+r)^n - 1

= 100,000 × 0.05 × (1 +0.05^)30 ÷ (1 + 0.05)^30 - 1

= 100,000×   0.05 ×  4.32194237515 ÷   4.32194237515 - 1

= $6,505

Hence, the annual payment should be $6,505

A survey of 385 people who like wild sweaters found that 74% had a wild holiday sweater. What is the population and what is the sample?

Answers

Answer:

385

Explanation:

because it says 385

In a situation where a survey of 385 people who like wild sweaters found that 74% had a wild holiday sweater, the population as well as the sample will be 385. Therefore, the option C holds true.

What is the significance of a sample?

A sample can be referred to or considered as a set of units that are taken into consideration for interpreting a data for bigger number of available observations. Sampling method is considered as an ideal option for surveys to save time and efforts.

In the condition given above, a survey included 385 people out of the total population of the survey, however, the 385 people are just the samples for saving time and effort. The actual results for bigger representation will also be closer to 74%.

Therefore, the option C holds true and states regarding the significance of a sample.

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The missing options for the incomplete question have been added below for better reference.

A survey of 385 people who like wild sweaters found that 74% had a wild holiday sweater. What is the population and what is the sample?

A. 96

B. 289

C. 385

D. 74

You are considering purchasing a bond with 18 years to maturity, a $1,000 face value and a 5% coupon rate with interest paid semiannually. Interest rates on bonds in this risk class have dropped to 3% and you expect that this bond will be called in 3 years. The current price of the bond is $1,075.00. Assuming you would be paid one year's worth of interest as a premium if the bond is called, what is the yield to call on this bond?
a. 5.43%.
b. 3.91%.
c. 0 2.93%.
d. 1.86%.

Answers

Answer:

b. 3.91%.

Explanation:

The computation of the yield to call is given below

Given that

NPER = 3× 2 = 6

PMT = $1,000 × 5% ×1 ÷2 = $25

PV = $1,075

FV = $1,000 + $50 = $1,050

The formula is given below:

=RATE(NPER,PMT,-PV,FV,TYPE)

After applying the above formula, the yield to call is

= 1.9565% × 2

= 3.91%

Compute the Cost of Goods Sold for 2016 using the following information: Direct Materials, Jan. 1, 2016$50,000 Work-in-Process, Dec. 31, 2016 74,500 Direct Labor 58,500 Finished Goods, Dec. 31, 2016 125,000 Finished Goods, Jan. 1, 2016 158,000 Manufacturing Overhead 79,500 Direct Materials, Dec. 31, 2016 63,000 Work-in Process, Jan. 1, 2016 107,000 Purchases of Direct Material 95,000

Answers

Answer:

COGS= $154,500

Explanation:

First, we need to calculate the cost of goods manufactured:

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

Direct material used= beginning inventory + purchases - ending inventory

Direct material used= 50,000 + 95,000 - 63,000= $82,000

cost of goods manufactured= 74,500 + 82,000 + 58,500 + 79,500 - 107,000

cost of goods manufactured= $187,500

Now, the cost of goods sold:

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 125,000 + 187,500 - 158,000

COGS= $154,500

UNT Inc. is expected to pay a dividend of $1.50 per share at the end of year 1(Div1), and the dividends are expected to grow at a constant rate of 2 percent forever. If the current price of the stock is $30 per share, calculate the expected return or the cost of equity capital for the firm.

Answers

Answer:

The expected return or the cost of equity capital for the firm is 7%.

Explanation:

This is calculated by using the Gordon growth model (GGM) formula as follows:

P = Div1/(r - g) ……………………………………… (1)

Where;

P = current price share = $30

Div1 = Expected dividend at the end of year 1 = $1.50

r = expected return = ?

g = dividend constant growth forever = 2%, or 0.02

Substituting the values into equation and solve for r, we have:

30 = 1.50 / (r - 0.02)

30(r – 0.02) = 1.50

30r – 0.60 = 1.50

30r = 1.50 + 0.60

r = (1.50 + 0.60) / 30 = 0.07, or 7%

Therefore, the expected return or the cost of equity capital for the firm is 7%.

why is accouning a service industry

Answers

Answer:

Because it provides support but no tangible goods.

Explanation:

Have a great day! ^_^

The following relates to a proposed equipment purchase: Cost $ 157,000 Salvage value $ 5,000 Estimated useful life 4 years Annual net cash flows $ 52,600 Depreciation method Straight-line Ignoring income taxes, the annual net income amount used to calculate the accounting rate of return is

Answers

Answer:

$14,850

Explanation:

Depreciable amount = $158,000 - $5,000 = $153,000

Annual depreciation = $38,250

Annual net income = $53,100 - $38,250 = $14,850.

Therefore, the annual net income amount used to calculate the accounting rate of return is $14,850

Brewery Company’s debt to Credit Service is past due. Credit obtains a judgment against Brewery, but the firm refuses to pay. Credit asks the court to order the seizure of Brewery’s property. This is a request for

Answers

Answer:

mechanic's lien

Explanation:

From the question we are informed about how Brewery Company’s debt to Credit Service is past due. Credit obtains a judgment against Brewery, but the firm refuses to pay. Credit asks the court to order the seizure of Brewery’s property. In this case, This is a request for mechanic's lien.

Mechanic's lien can be regarded as security interest as regards title of a particular property, this is for the gains of everyone that are involved in supplier of labor as well as materials for the improvement of the property. The lien covers the real property as well as personal property. Mechanic's lien can be regarded as guarantee of payment for contractors as well as construction firms that are involved in building or repairing of structures.

Corporation ABC invested in a project that will generate $60,000 annual after-tax cash flow in years 0 and 1 and $40,000 annual after-tax cash flow in years 2, 3, and 4. Compute the NPV of these cash flows assuming that:

a. ABC uses a 10 percent discount rate.
b. ABC uses a 7 percent discount rate.
c. ABC uses a 4 percent discount rate.

Answers

Answer:

a. $204,940

b.$214,180

c. $224,480

Explanation:

a. Computation for the NPV of these cash flows assuming that ABC uses a 10 percent discount rate.

NPV= $60,000 + 0.909($60,000) + 0.826($40,000) + 0.751($40,000) + 0.683($40,000)

NPV=$60,000+$54,540+$33,040+$30,040+$27,320

NPV = $204,940

Therefore the NPV of these cash flows assuming that ABC uses a 10 percent discount rate is $204,940

b. Computation for the NPV of these cash flows assuming that ABC uses a 7 percent discount rate.

NPV=$60,000 + 0.935($60,000) + 0.873($40,000) + 0.816($40,000) + 0.763($40,000)

NPV=$60,000+$56,100+$34,920+$32,640+$30,520

NPV= $214,180

Therefore the NPV of these cash flows assuming that ABC uses a 7 percent discount rate is $214,180

c. Computation for the NPV of these cash flows

assuming that ABC uses a 4 percent discount rate.

NPV=$60,000 + 0.962($60,000) + 0.925($40,000) + 0.889($40,000) + 0.855($40,000)

NPV=$60,000+$57,720+$37,000+$35,560+$34,200

NPV= $224,480

Therefore the NPV of these cash flows

assuming that ABC uses a 4 percent discount rate is $224,480

Meteor Tie Company produces ties from fabric according to Q = 10 + 4 F – (1/3) F 3. If fabric is free and ties sell for $20, what is Meteor’s optimal usage of fabric?

Answers

Answer:

The optimal usage of fabric = 2

Explanation:

Given the quantity, Q = 10 + 4F - (1/3) F^3

Selling price = $20

Profit = TR - TC

There is no variable cost and let the fixed cost is constant G.

Profit =  PQ - G  

Profit = 20(10 + 4F − (1/3)F^3)) - G = 0

Now take the first order derivative:

d(profit) / dF = 0

20(4 - F^2) = 0

F = 2

Therefore the optimal usage of fabric = 2

Zoe is investing in her future. She knows her accounts, with just an initial deposit, are accruing interest constantly. Which formula would Zoe use to determine an estimate fo the future balance of her accounts

Answers

Answer:

continuous compound interest

Explanation:

Since in the question it is mentioned that zoe invested in her future and her interest is accrued constantly so here the formula that should zoe use in order to measure the estimated for the future balance is continuous compound interest as for the long time, the interest should be determined by this method  

Suppose Ruston Company had the following results related to cash flows for 2020: Net Income of $9,100,000 Adjustments from Operating Activities of $1,100,000 Net Cash Flow from Investing Activities of -$4,300,000 Net Cash Flow from Financing Activities of $3,400,000 Create a statement of cash flows with amounts in thousands. What is the Net Cash Flow

Answers

Answer:

The Net Cash Flow is $9,300,000.

Explanation:

A statement of cash flows with amounts in thousands can be created to determine the Net Cash Flow as follows:

                             Ruston Company

                       Statement of Cash Flows

                              For the Year 2020

Details                                                                    $'000    

Net Income                                                            9,100

Adjustments from Operating Activities                1,100  

Net Cash Flow from Operating Activities         10,200

Net Cash Flow from Investing Activities           (4,300)

Net Cash Flow from Financing Activities of      3,400  

Net Cash Flow                                                     9,300  

Since the amount is in thousands, that implies that  the Net Cash Flow is $9,300,000.

What routine do the workers of the Party go through each day, which is a great example of herd-poisoning

Answers

Question is incomplete but here's what herd poisoning means so you could relate it

Answer and Explanation:

Herd poisoning occurs when an individual loses his sense of self amidst the crowd. The individual is like an ant following in the order of the whole group. There is less reasoning individually and more of what the group decides. Herd poisoning is like an intoxifying excitement and power that a person experiences by associating or giving away his sense of individuality and reasoning to the crowd. For this person, it is no longer about him but the group as a whole and whatever actions or reasoning are handled by the group together. It is a sort of negative mob mentality.

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