A budgeting procedure that begins off evolved with a easy slate and includes justifying useful resource necessities primarily based totally on an evaluation and prioritization of organizational targets is called B. 0-primarily based totally budgeting.
The required details for Zero-based budgeting in given paragraph
Zero-primarily based totally budgeting (ZBB) is a technique of budgeting wherein all expenses need to be justified for every new period. The procedure of 0-primarily based totally budgeting begins off evolved from a "0 base," and each feature inside an organization is analyzed for its desires and expenses. The budgets are then constructed round what is wanted for the imminent period, irrespective of whether or not every price range is better or decrease than the preceding one. Zero-primarily based totally budgeting is a way utilized by companies, however this sort of budgeting may be utilized by people and families. Budgets are created across the financial desires for every upcoming period, like a month.
Traditional budgeting and 0-primarily based totally budgeting are techniques used to music expenditures. Zero-primarily based totally budgeting allows managers address decrease expenses in a company.
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Complete question
A budgeting process that involves justifying resource requirements based on an analysis and prioritization of organizational objectives is called:
A. continuous budgeting.
B. zero-based budgeting.
C. discretionary budgeting.
D. single-period budgeting.
The natural rate of unemployment prevails when:
A. the AD curve intersects the SRAS curve.
B. the number of unfilled jobs is matched by the number of qualified workers.
C. agricultural unemployment equals manufacturing unemployment.
D. unemployment is minimized.
The natural rate of unemployment prevails when: B. the number of unfilled jobs is matched by the number of qualified workers.
What is natural rate of unemployment?The natural rate of unemployment is the rate of unemployment that exists when the labor market is in equilibrium, meaning that the number of job openings available matches the number of qualified workers seeking employment.
At this rate, there is no cyclical unemployment, which is the unemployment that results from fluctuations in economic activity. The natural rate of unemployment includes only frictional and structural unemployment, which are caused by factors such as job search, job matching, and changes in the structure of the economy.
Option B correctly describes the conditions that must be met for the natural rate of unemployment to prevail. When the number of unfilled jobs is equal to the number of qualified workers, there is no cyclical unemployment caused by a lack of demand for labor, and the economy is operating at its potential output level. This level of unemployment is considered to be the "natural" rate because it is not influenced by short-term fluctuations in aggregate demand or supply.
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an organization is in the process of selecting a saas provider to replace its current internal customer relationship management system. the business expects better functionality than what is provided with the internal system. which of the following is the best reason for moving to a saas cloud service?
The best reason for moving to a Software-as-a-Service (SaaS) cloud service in this scenario is scalability and enhanced functionality.
By transitioning to a SaaS provider, the organization can benefit from the provider's expertise and infrastructure, which often results in access to advanced and updated features and functionalities that surpass those offered by the internal CRM system.
SaaS solutions are designed to be flexible and scalable, allowing businesses to easily adjust and expand their usage as needed, without the burden of maintaining and upgrading hardware or software on-premises. This scalability ensures that the organization can adapt to changing business needs and accommodate growth without significant disruptions or additional costs.
Additionally, SaaS cloud services often offer seamless integration capabilities, allowing for easy connectivity with other business applications and systems. This integration enables streamlined workflows, data sharing, and enhanced collaboration across different departments or teams within the organization.
Overall, moving to a SaaS cloud service provides the organization with the opportunity to leverage cutting-edge technology, gain access to advanced features, achieve scalability, and potentially reduce costs associated with maintaining and upgrading an internal system.
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To identify invoices that exceed the credit limit, first open a new Tableau workbook, connect to the accounts receivable file, and name the first worksheet (tab) in the workbook Exceed Credit Limit.
To identify invoices that exceed a customer’s pre-approved credit limit, we will create a new measure called Difference. Right click under Measures and click on Create Calculated Field.
In the popup window, change the variable name from Calculation1 to Difference.
In the white space, type this formula: [Invoice Total]-[Credit Limit] and click OK. This will create our new variable under Measures that identifies yet-uncollected sales invoices that exceeded the credit limit.
Add Difference to the Rows line.
Right-click on Invoice No and convert it to a Dimension.
Add Invoice Number to the Columns line, and then sort in descending order of magnitude (click on sort icon at the top of the toolbar).
Take a minute and think about what the negative values represent (hint, look back at the formula used to create the Difference measure)? Because of how we have calculated the measure, negative values are invoices that are less than the credit limit.
Now, add a filter on Difference to remove invoices with negative values (hint: set the minimum to 0).
How many invoices exceed the credit limit?
To identify invoices that exceed the credit limit, first open a new Tableau workbook, connect to the accounts receivable file, and name the first worksheet (tab) in the workbook Exceed Credit Limit. To identify invoices that exceed a customer’s pre-approved credit limit, we will create a new measure called Difference. Right click under Measures and click on Create Calculated Field. In the popup window, change the variable name from Calculation1 to Difference. In the white space, type this formula: [Invoice Total]-[Credit Limit] and click OK. This will create our new variable under Measures that identifies yet-uncollected sales invoices that exceeded the credit limit. Add Difference to the Rows line. Right-click on Invoice No and convert it to a Dimension. Add Invoice Number to the Columns line, and then sort in descending order of magnitude (click on sort icon sort icon at the top of the toolbar). Take a minute and think about what the negative values represent (hint, look back at the formula used to create the Difference measure)? Because of how we have calculated the measure, negative values are invoices that are less than the credit limit. Now, add a filter on Difference to remove invoices with negative values (hint: set the minimum to 0). How many invoices exceed the credit limit?
A new Tableau workbook and connect to the accounts receivable file.
How many invoices exceed the credit limit based on the provided steps in the Tableau workbook?To identify invoices that exceed the credit limit, follow these steps:
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business activity that produces the goods and services currently needed without limiting the ability of future generations to meet their needs is called
Sustainable business activity is the term used for producing goods and services currently needed without limiting the ability of future generations to meet their needs.
The business activity that produces the goods and services currently needed without limiting the ability of future generations to meet their needs is called sustainable business.
What is a sustainable business?
Sustainable business is a business activity that meets the needs of the present generation without endangering the ability of future generations to meet their needs. Businesses that adopt sustainable business practices aim to improve financial returns and provide social and environmental benefits. In a nutshell, sustainable business focuses on meeting the needs of the present while not compromising the capacity of future generations to meet their own needs. Therefore, the sustainable business aims to use natural resources responsibly, reduce waste, and minimize carbon emissions.
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a balanced-budget increase in government real spending (g) causes total spending to
A balanced-budget increase in government real spending (g) causes total spending to increase by the same amount as the increase in government spending.
This is because in a balanced-budget scenario, the increase in government spending is financed by an equal increase in taxes or a decrease in other government spending. As a result, the total amount of money in the economy remains the same, but the composition of spending changes.
The increase in government spending can lead to an increase in demand for goods and services, which can stimulate economic growth and job creation. However, if the increase in government spending is not matched by an increase in productivity or efficiency, it can lead to inflation or a higher national debt.
Therefore, the effectiveness of a balanced-budget increase in government spending depends on how it is implemented and its impact on the overall economy.
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a powder metal (pm) manufacturing line produces bushings in three steps, compaction, sinter-harden, and rough/finish turn, which are accomplished at three single-machine stations with average processing times of 12, 10, and 6 minutes, respectively. however, while compaction and sinter-harden are dedicated to the bushing line, the rough/finish turn station also processes bearings from another line; the average processing times for bearings are 14 minutes. (a) if the production volumes of bushings and bearings are the same, what is the bottleneck of the pm line? (d) if you had to pick one process for the bottleneck, which one would it be?
(a) The bottleneck of the PM line is the rough/finish turn station, which has an average processing time of 6 minutes for bushings but 14 minutes for bearings.
(b) If we had to pick one process as the bottleneck, it would be the rough/finish turn station.
This station is processing both bushings and bearings, and the average processing time for bearings is longer than for bushings, which creates a delay in the production of bushings. To address the bottleneck, we could consider several options, such as adding another rough/finish turn station dedicated solely to bushings, increasing the efficiency of the rough/finish turn station, or reducing the production volume of bearings on the other line to free up the rough/finish turn station for bushing production.
By improving the efficiency of the bottleneck process, we can increase the overall production capacity of the PM line and meet the demand for both bushings and bearings.
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Answer pleaseee I want fastly
Explanation:
Hey there!!!
Your required answer is option D.
Because, when you engage or serve others for money or salary or wage it is termed as wage employment.
Hope it helps...
What is importing? please help
The small town of Sand Trails, AZ, is almost 100 miles from the nearest city, with nothing but desert surrounding it. Only four pizza parlors serve the town. One of the pizza parlors, Luigi’s Pizza Palace, considered lowering its prices (and profits) for a period of time in order to take business away from competitors. After some discussion, however, the owners decided not to do it. Why? (Consider the type of market structure in operation here.)
Based on the number of businesses in Sand Trails, the reason why the owners did not lower prices was because it would have started a price war which would impact them negatively.
Why are price wars bad in oligopolies?Oligopolies are characterised by few firms which is what we see with the pizza parlors in Sand Trails.
If they had lowered their prices, it would have started a price war where other pizza parlors would lower their prices as well. This would lead to all pizza parlors making less profits.
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Sam is getting his bachelor's degree. During some of his course work, he honed his research skills and learned to
exhibit confidence while presenting to an audience. Which career has Sam most likely been preparing for?
The correct answer is Journalism
Explanation:
Journalism is one of the careers that most require the use of communicative and research skills. This is because journalists are expected to gather information about important local, national and global events, which requires the use of research skills, and later they are expected to communicate the information precisely, concisely, and confidently, which requires the use of communicative skills. In this context, the career Sam is preparing for is journalism because this is the only one from the options that would require Sam to research and then communicate information confidently.
Answer:
D. Journalism
Explanation:
The Metchosin Corporation has two different bonds currently outstanding. Bond M has a face value of $40,000 and matures in 20 years. The bond makes no payments for the first six years, then pays $2,500 every six months over the subsequent eight years, and finally pays $2,800 every six months over the last six years. Bond N also has a face value of $40,000 and a maturity of 20 years; it makes no coupon payments over the life of the bond. The required return on both these bonds is 8% compounded semiannually, what is the current price of bond M and bond N?
Answer:
we must first calculate the effective interest rate:
the effective interest rate = 1.08 = (1 + r)²
√1.08 = √(1 + r)²
1.03923 = 1 + r
r = 3.923%
I used an excel spreadsheet to calculate the present value of bond M's coupon payments.
Bond M's price:
PV of face value = $40,000 / (1.03923)⁴⁰ = $8,582.09
PV of coupon payments = $27,449.05
market price = $36,031.14
to determine the market value of bond N (zero coupon bond) we can use the following formula:
market value = future value / (1 + r)ⁿ
market price = $40,000 / (1.03923)⁴⁰ = $8,582.09
The impact of Furman v. Georgia (1972) was that states had to
promise to use the death penalty only with approval from the Supreme Court.
throw out the old Miranda warning and write a new one.
agree to throw out all state laws regarding crime and impose national standards.
create clear standards to be applied fairly before imposing the death penalty.
Answer: D.create clear standards to be applied fairly before imposing the death penalty.
Explanation: The answer it's right there
The impact of Furman v. Georgia (1972) was that states had to
create clear standards to be applied fairly before imposing the death penalty.The Furman v. Georgia caseThis was a case that had to do with the cruel and the unusual way that people faced in the death penalty.
The case ruled that the death penalty was unconstitutional if it was applied in a discriminatory way.
It ruled that the eight amendment was being violated if used in this way.
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Which clause specifies the process to be followed when more than one policy covers the same loss?
A
Loss payable clause
B
Assignment
C
Other insurance clause
D
Loss payment clause
The clause that specifies the process to be followed when more than one policy covers the same loss is:
C. Other insurance clause
What is Other insurance clause?The other insurance clause is a provision commonly found in insurance policies. it outlines how the policies will coordinate and determine the coverage when multiple insurance policies are applicable to the same loss.
It helps establish the order of priority, allocation of liability and the procedure for handling claims in such situations.
The purpose of the other insurance clause is to prevent the insured from receiving more than the actual loss or benefit by collecting from multiple insurance policies. it helps determine which insurance policy takes priority or is considered primary, and which policies are considered excess or secondary.
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PLS HURRY THIS IS ALREADY LATE
professional relationships provide which of these benefits? Select all that apply
feelings of achievement
emotional support
financial rewards
fun experiences
Answer: 1 and 2
Explanation: EEEEEEEEEEEEEEEEEEEEEE I MIGHT BE WRONG BUT IM CONFIDENT IM NOT
What would a restaurant manager consider when reviewing a recipe that a chef might not?
The three steps of the recipe standardization process are amount modification, product evaluation, and recipe verification. Verifying a recipe is carefully reading it, following it, assessing the yield, and noting any modifications.
What factors need to be taken into account to consistently produce high-quality products and standardized recipes?The name of the submitted recipe should match the name on the menu as closely as possible.
Total Yield is the number of servings, or parts, that a recipe yields, as well as frequently the recipe's overall weight or volume.
Portion size is the quantity or dimension of a single serving.
What specific details do a standard recipe contain that a regular recipe does not?An exact, quantifiable amount of each component and the technique of preparation required to reliably generate a high-quality result are specified in a standardized recipe. There includes a list of the precise steps to be taken, the equipment to be used, and the number and caliber of the ingredients.
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What do inventory firms use to handle bulk materials?
For handling bulk products, inventory companies utilize loaders.
The task that each unit is designed to do determines how bulk products equipment and systems are constructed, yet most systems share the same fundamental parts and functions. A complete system often includes:
1. A location for loading off the product. The system needs a point of access where products may be poured into it. This part of the system can be configured in a variety of ways, from straightforward bag dumping stations to train unloading stations.
2. A mechanism for loading. Most bulk products handling systems employ pneumatic conveyors, although there are other systems that use drag chain conveyors, screw conveyors, and bucket elevators. Numerous systems combine two or more of these various conveyors.
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Which economic tool would most likely be used as part of a contractionary
monetary policy?
A. Lowering the reserve requirement
O B. Raising interest on reserves
C. Buying treasury securities
D. Reducing the discount rate
SUBMIT
Answer:
O B. Raising interest on reserves
Explanation:
The Federal Reserve expects banks to keep a percentage of customer deposits as reserves. The reserves cater to both the normal and unexpected withdrawals. The Federal Reserve (Fed) also uses reserve requirements as a monetary policy tool.
Interest on reserves is one of the monetary policy tools that the Fed uses regularly. The Fed pays interest on any excess reserves held by the banks. Increasing the interest paid on reserves encourages banks to hold more money. Decreases the interest prompts the banks to lend out more. Contractionary monetary policies are measures aimed at decreasing the money supply in the economy. Increasing interest on reserves increases money held in the banking sectors, thereby slowing down money circulation.
Answer: B. Raising interest on reserves
Explanation:
Just got it right!!!
What three factors play a large role in determining your monthly payment?
It's critical to understand your existing credit situation and take any required actions to improve it in order to reduce your overall loan costs, which may be significantly influenced by your credit, debt, and income.
What is credit?Credit is the belief that allows one party to lend money or resources to another party, with the understanding that the second party will not immediately pay the first party back (forming a debt), but will instead promise to pay back or return the resources at a later time. Credit includes all forms of deferred payments. Credit is given to a debtor, also known as a borrower, by a creditor, also known as a lender. Credit cards were more popular in the 1900s. Chains of larger companies formed, and they all started accepting credit cards as payment. Companies paid cardholders an annual fee that was predetermined and allowed them to select their preferred billing methods while each participating company received a share of the total billings.
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a post-closing trial balance is a list of (permanent/temporary) accounts and their balances (after/before) all (adjusting/closing) entries have been journalized and posted.
A post closing trial balance is a list of permanent accounts and their balances afterclosing entries have been journalized and recorded in the accounting system.
the required details about post-closing trial balance is mentioned below
The last trial balance created before to the start of the new accounting period is known as a post-closing trial balance. The post-closing trial balance is used to check that beginning balances are accurate as well as to make sure that debits and credits still balance after closing entries have been made.
Post-closing journal entries are what?
Following the journalization and posting of the closing entries to the ledger, the post closing trial balance is a list of all accounts and their balances. In other words, the list of accounts or permanent accounts on the post-closing trial balance that still have balances after the closing entries have been made.
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how can you find the weights to be used for the wacc, and which are more appropriate (market versus book)?
The equity amount used in the weight calculation should be consistent with the total equity as reported in the company's financial statements.
The weights used in the WACC calculation should be consistent with the financial data used in the analysis. For example, if the cost of debt is based on the interest rate on the company's outstanding debt, the corresponding debt amount used in the weight calculation should also be based on the outstanding.
The weights used in calculating the Weighted Average Cost of Capital (WACC) represent the proportion of a company's financing that comes from different sources. Typically, these sources include debt and equity, but other forms of financing, such as preferred stock, may also be included.
The weights used for the WACC calculation can be determined based on either the market value or the book value of each source of financing. The market value of a company's financing represents the current market price of its equity and the present value of its debt. The book value, on the other hand, represents the value of the financing as reported in the company's financial statements.
The choice between using market value versus book value weights in the WACC calculation depends on the specific circumstances of the company and the purpose of the analysis. In general, market value weights are considered more appropriate because they reflect the current market prices and investor perceptions of the company's financing. However, there are some situations where book value weights may be more appropriate, such as when the company has a stable capital structure and its market value and book value weights are similar.
To calculate the market value weights, the market value of equity is divided by the sum of the market value of equity and the market value of debt. To calculate the book value weights, the book value of equity is divided by the sum of the book value of equity and the book value of debt.
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The normal selling price is $20.00 per unit. The company’s
capacity is 118,800 units per year. An order has been received from
a mail-order house for 2,300 units at a special price of $17.00 per
uni
Delta Company produces a single product. The cost of producing and selling a single unit of this product at the company's normal activity level of 91,200 units per year is: Direct materials. $ 1.90 $
The $28,290 financial gain from accepting the special order.
Given
Special selling price = $17
Special unit = 2300
Direct materials = $1.9
Direct labor = $2
Variable manufacturing overhead = $0.8
Required to calculate the financial advantage (disadvantage) of accepting the special order =?
calculate the revenue from the special order:
Special order revenue = Number of units in the special order * Special price per unit
Special order revenue = 2,300 units * $17.00 per unit = $39100
Cost of producing units for special order = (Direct materials + Direct labor + Variable manufacturing overhead) * Number of units in the special order
Cost of producing units for special order = ($1.90 + $2.00 + $0.80) * 2,300 units
= $4.7 x 2300 = $10,810
Now we can calculate the financial advantage or disadvantages:
Financial advantage (disadvantage) = Special order revenue - Cost of producing units for special order
Financial advantage = $28,290
the company should accept the special order because this gives a financial gain of $28,290 by accepting the special order.
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Your Question seems incomplete most probably your complete question was:
Delta Company produces a single product. The cost of producing and selling a single unit of this product at the company's normal activity level of 91,200 units per year is Direct materials. $ 1.90 $ 2.00 Direct labor Variable manufacturing overhead $ 0.80 Fixed manufacturing overhead $ 4.05 Variable selling and administrative expense $ 1.20 Fixed selling and administrative expense $ 1.00 The normal selling price is $20.00 per unit. The company's capacity is 118,800 units per year. An order has been received from a mail-order house for 2,300 units at a special price of $17.00 per unit. This order would not affect regular sales or the company's total fixed costs. Required: 1. What is the financial advantage (disadvantage) of accepting the special order?
Lara spends her days cultivating new hybrid plants that she sells to Jon. Jon uses these plants to feed cattle because the hybrid plants offer better sources of nutrients. Which most likely explains the jobs of Lara and Jon?
Answer:
B.Lara works as a Plant Scientist and Jon works as a Farmworker.
Explanation:
A. Lara works as a Nursery Manager and Jon works as a Grader.
B.Lara works as a Plant Scientist and Jon works as a Farmworker.
C. Lara works as a Forester and Jon works as a Farm Management Adviser.
D.Lara works as a Landscaper and Jon works as an Environmental Engineer.
Lara is a plant scientist
Plants scientist refers to people who study different compositions of soil and the effect of the soil on plants. Plants scientist study how plants grows in different soils, pest control, biological and physical makeup of the soil and plants.
Plants scientist are majorly concerned about how to food production.
On the other hand, Jon is a farm worker who uses the plants cultivated by Lara to feed his cattles because those plants cultivated by Lara are better source of nutrients to his cattles.
Answer:
b.
Explanation:
I know so, I took it.
a relative price is select one: a. a measure of overall prices at a particular point in time. b. the price of a specific good in comparison to the prices of other goods and services. c. the percentage change in a price index such as the cpi. d. the rate of inflation.
A relative price is the price of a specific good in comparison to the prices of other goods and services. This means that it is a measure of the value of one good or service in relation to others. For example, if the price of bread increases compared to the price of milk, then the relative price of bread has gone up.
This is an important concept in economics as it helps to explain how prices change over time and how consumers make choices about what to buy. It is important to note that relative prices can fluctuate due to changes in supply and demand, changes in production costs, or changes in consumer preferences. In order to fully understand relative prices, it is necessary to look at them over a long period of time and to take into account other economic factors that may be affecting them.
A relative price is: b. the price of a specific good in comparison to the prices of other goods and services. In other words, it is a measure of how much one good or service costs compared to other goods and services in the market. This comparison allows you to understand the value of a particular item in relation to others, which can help in making informed decisions when purchasing goods or services.
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List the five most common functions of business reports for an
organisation that manufactures electric cars for 1, 2 or 4
passengers. Name the users and the stakeholders involved in each
function.
The five most common functions of business reports for an organization that manufactures electric cars for 1, 2, or 4 passengers, along with the users and stakeholders involved.
Are as follows: Sales and Marketing Analysis:
Users: Sales and marketing teams, executives.
Stakeholders: Customers, dealerships, investors, shareholders.
Production and Inventory Management:
Users: Operations managers, production teams.
Stakeholders: Suppliers, logistics partners, investors.
Financial Performance Evaluation:
Users: Finance department, executives.
Stakeholders: Investors, shareholders, lenders, regulatory authorities.
Quality Control and Product Development:
Users: Quality control teams, research and development teams.
Stakeholders: Customers, regulatory authorities, investors.
Sustainability and Environmental Impact Assessment:
Users: Environmental compliance teams, sustainability managers.
Stakeholders: Regulatory authorities, customers, environmental organizations, investors. These functions and their corresponding reports serve different purposes and cater to various users and stakeholders within and outside the organization. By analyzing these reports, decision-makers can make informed choices, assess performance, ensure quality, drive innovation, and address sustainability concerns in the manufacturing and marketing of electric cars.
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PLEASE HELP RIGHT NOW
GIVING BRAINLESS!!!!!ONLY IF YOU HELP
Answer:
1)Flexible hours
2)Redistribution
3)Link
4)foundation
5)Nache
A family sells the house they have lived in for two years to a friend. They received $300,000 and paid $200,000 three years ago. This transaction a. has no effect on GDP because the house is an intermediate good b. increases GDP by $150,000 c. increases GDP by $50,000 d. has no effect on GDP because the house was not made this year
The net increase in GDP is equal to the full value of the transaction, which is $300,000. (option b).
An intermediate good is a product that is used as an input in the production of another good or service. It is not intended for final consumption. In this case, the house sold by the family is not an intermediate good because it is not being used as an input for further production. Instead, it is being sold directly to a friend for their own use.
When a final good is sold, its market value is included in the calculation of GDP. In this case, the family received $300,000 from the sale of the house. This means that the transaction has increased the GDP by $300,000. However, we need to consider the difference between the sale price ($300,000) and the original purchase price ($200,000) to determine the net increase in GDP.
The net increase in GDP resulting from the transaction is calculated by subtracting the value of the intermediate goods used in the production process. Since the house was not an intermediate good, there is no deduction to be made.
So the correct answer is b. The transaction increases GDP by $300,000.
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The number of minorities in the workforce is _____. a. diminishing b. increasing c. unchanging d. decreasing
Answer:
Option b (increasing) is the correct choice.
Explanation:
Business owners may use statistics on either the minority race demographic to select a representative sample of about there workers with either the aspects of the brand living nearby. The population group query has also been used to obtain a depend on a number element.The remaining three options are not relevant to the situation in question. It should be the correct solution to the above.
Answer:
it is b
Explanation:
hope this helps
Gordon is over 65 what is his adjusted gross income
Answer:
huh
Explanation:
hbybibhbil
The product life cycle refers to the stages a product moves through from the time it enters the market until the time
It's the stage by which a product move through from the time it enters the market until the time it is cleared. My own definition states that it's the length of time by which a product is introduced to consumers in the market until it has been removed
Jim and Jane purchased their house a year ago and have been transferred out of town. They paid $275,000 for the property and ended up after expenses with only $225,000. Their percentage of loss on the sale was:
Answer:
18%
Explanation:
Original cost: $275,000
Selling price: $225,000
Loss: $50,000
50,000/275,000=0.18
0.18x100=18%
:)