Saturday
July 4, 2015

Homework Help: Business: Accounting

Recent Homework Questions About Accounting

accounting
the board of directors declares 15% stock dividend on10000 outstanding shares of$20 per common stock. Thee current market value is $25 per share. how should I journalize this entry?
Monday, January 26, 2015 by jason

accounting,life science,history and maths lit
What career path can I fellow doing these subjects?
Sunday, January 25, 2015 by nokuthula

accounting,life science and history
What course can I do in college o university and career job can I persue after I've got my degree
Saturday, January 24, 2015 by nokuthula molekoa

Accounting
Jay Pembroke started a business. During the first month (April 20--), the following transactions occurred. Invested cash in business, $18,428. Bought office supplies for $4,433: $1,896 in cash and $2,537 on account. Paid one-year insurance premium, $1,003. Earned revenues ...
Thursday, January 22, 2015 by Patrick

accounting,life science,history and maths literacy
What can I study after matric and what career job can I persue? Please help I'm confused
Thursday, January 22, 2015 by nokuthula molekoa

business studies n maths lit n accounting n geo
Do I need pure maths in These subjects or is maths lite fine to get me to the point of being a entreprenuer in my life
Wednesday, January 21, 2015 by bafana matseke

accounting
The Bean Company makes a sale with an invoice price of $97,000 on 10/1/14. The note is due on 10/1/17. There is no interest rate stated in the note. The market rate for similar notes is 10%. Assume annual compounding of interest. Prepare the journal entries for 10/1/14, 12/31/...
Monday, January 19, 2015 by scott

accounting 1
Holden Graham started The Graham Co.,a new business that began operations on May 1. The Graham Co. completed the following transactions during its first month of operations
Thursday, January 15, 2015 by jahnesha7

accounting
All-American Sports can purchase sneakers for $450 per dozen less trade discounts of 14/12 from Ideal Shoes. Fancy Footwear is offering the same sneakers for $435 less trade discounts of 18/6. Which supplier offers a lower net price?
Tuesday, January 13, 2015 by hanan

Maths literacy, accounting, economics and business studies
Are ther any possibilities of studying an Accountant career with this subjects?
Monday, January 12, 2015 by Phillip

Accounting
Can someone please tell me how to set this up? I tried doing (45+1.50 - 47) x 150 but I don't think this is right. thank you An investor in a Corporation. On January 1, Year One, purchased 150 shares of the corporation’s capital stock at a price of $45 per share. On ...
Sunday, January 11, 2015 by Erin

Accounting
On Sept. 1, 2012, Parsons Company purchased $84,000 10 year 7% government bonds at 100 plus accrued interest. The semi-annual interest payment dates are June 30 and Dec. 31. Journalize the entry to record the bond purchase.
Thursday, January 8, 2015 by Dan

Accounting, maths literacy, business studies, economics
am doing matric this year so I dnt knw which career I can do next year with those subjects.......plz I need help
Tuesday, January 6, 2015 by lerato Veronica

accounting
how to jounalize the transaction with simecolon?
Saturday, January 3, 2015 by journalizing

math lit, accounting, business studies, cat
Can i study (b com)supply chain management in varsity. My main concern is math lit.
Friday, January 2, 2015 by sine

Accounting
Explain Accounting and book-keeping and enumerate the differences (if any) between the two
Tuesday, December 16, 2014 by Azeke

easy geometry
Can you please show you solution and final answer here. Thanks! 1.Find the altitude,perimeter and area of an isosceles trapezoid whose sides have lengths 10 cm, 20 cm, 10 cm and 30 cm. 2. The formula A=P(a+r)^2 is used to find the amount of money A in an account after P pesos ...
Sunday, December 14, 2014 by cyrus

accounting
Amazon Appliance Company has three installers. Larry earns $355 per week, Curly earns $460 per week, and Moe earns $585 per week. The company's SUTA rate is 5.4%, and the FUTA rate is 6.2% minus the SUTA. As usual, these taxes are paid on the first $7,000 of each employee...
Sunday, December 7, 2014 by Anonymous

Managerial Accounting, MBA
A company produces a single product. Variable production costs are $12 per unit and variable selling and administrative expenses are $3 per unit. Fixed manufacturing overhead totals $36,000 and fixed selling and administrative expenses total $40,000. Assuming a beginning ...
Friday, December 5, 2014 by Nancy

accounts
Diane Gobin is the founder and manager of Gobin's World. Diane has approached the local bank for a loan to expand her business. As part of the loan application, Diane was asked to prepare Financial Statements for the business. She prepared the following balance sheet and ...
Thursday, December 4, 2014 by matt

Managerial Accounting
Garcia Veterinary Clinic expects the following operating results next year: Sales (total) $600,000 Variable expenses (total) $120,000 Fixed expenses (total) $300,000 What is Garcia's break-even point next year in sales dollar?
Thursday, December 4, 2014 by Nancy

Managerial Accounting
Garcia Veterinary Clinic expects the following operating results next year: Sales (total) $600,000 Variable expenses (total)
Thursday, December 4, 2014 by Nancy

accounting
If preferred dividends are limited to the stated rate of dividend, the preferred stock is: A. noncumulative B. Cumulative C. participating D. Nonparticipating
Tuesday, December 2, 2014 by Judy

business
New Orleans’s Mt. Sinai Hospital is a large, private, 600-bed facility complete with laboratories, operating rooms, and X-ray equipment. In seeking to increase revenues, Mt.Sinai’s administration has decided to make a 90-bedadditiononaportionofadjacent land currently...
Sunday, November 30, 2014 by business

accounting 2
if amores has the capital of 1,616,000 while andrada is to invest sufficient cash to give him a one-third interest in the partnership. how much andrada's capital?
Tuesday, November 25, 2014 by joan

accounting
On October 10, 2010, Mason Engineering Company completed negotiations on a contract for the purchase of new equipment. Under the terms of the agreement, the equipment may be purchased now or Mason may wait until January 10, 2011, to make the purchase. The cost of the equipment...
Monday, November 24, 2014 by Anonymous

American Government
I need some help with some Government questions: 1. All of the following are ways that formulating our budget has changed EXCEPT: A. Budget and Accounting Act of 1921 B. transfer of Office of Management and Budget to the Executive Office of the President C. Congressional ...
Sunday, November 23, 2014 by Dennis

accounting
which is an operating expense a salaries expense b payroll expense
Saturday, November 22, 2014 by lee

Government
I need some help with some Government questions: 1. All of the following are ways that formulating our budget has changed EXCEPT: A. Budget and Accounting Act of 1921 B. transfer of Office of Management and Budget to the Executive Office of the President C. Congressional ...
Thursday, November 20, 2014 by Dennis

accounting
Starbucks-. Locate the company’s annual report as outlined previously. Find the company’s segment information; it should be in the “Notes to Consolidated Financial Statements” or other similarly named section. Look for the word “Segment” in a ...
Thursday, November 20, 2014 by Andy

accounting 1
how much is total liabilities? accounts recievable 20,000 accounts payable 30,000 taxes and licenses 40,000 uncollectible account 10,000 rent payable 8,000 utilities payable 5,000
Wednesday, November 19, 2014 by mier

Accounting
The Fairport Machine Shop wants to develop a cost estimating equation for its monthly cost of electricity. It has the following data: Cost of Electricity (Y) $13,000 $15,000 $17,000 $14,500 Direct Labor-Hours (X) 1,500 1,700 2,000 1,600 What would be the best equation using ...
Wednesday, November 19, 2014 by Serenity

Accounting
computer equipment beginning balance is 20,000 working on the adjusted general journal and the scenario is the computer has a 4 year life with no salvage value not sure how to log this
Saturday, November 15, 2014 by Christina

accounting
a 10 year coupon bond that yield 5% is issued with a 1000 par value. what is the issuance price of the bond
Thursday, November 13, 2014 by james

Accounting
On Jan.1, Pedigo Corporation purchased a small company and recorded goodwill of $150,000. its useful life is indefinite. may 1- purchased for 475,000 a patent with an estimated useful life of 5 years and a legal life of 20 years.Prepare adjusting entries at December 31 to ...
Saturday, November 8, 2014 by Etta

corporate accounting
meaning of reserve capital
Friday, November 7, 2014 by adward

Intro to Accounting
Jimenez Enterprises issued 8%, 9-year, $2,486,400 par value bonds that pay interest semiannually on October 1 and April 1. The bonds are dated April 1, 2014, and are issued on that date. The discount rate of interest for such bonds on April 1, 2014, is 8%. What cash proceeds ...
Wednesday, November 5, 2014 by Jose

accounting
How to make a journal entry
Monday, November 3, 2014 by irish

Accounting
Hanover Corp. obtained the following information from its absorption costing accounting records: Operating Income = $24,000 Total Product Costs Incurred During The Period = $16,000 Value of Beginning Work-In-Process and Finished Goods Inventories = $0 Value of Ending Work-In-...
Monday, November 3, 2014 by Serenity

STAT
1. In a study of the income of U.S. factory workers, a random sample of 100 workers shows a sample mean of $35,000. Assume that the population standard deviation is $4,500, and that the population is normally distributed. A) Compute the 90%, 95% and 99% confidence intervals ...
Sunday, November 2, 2014 by Hugh

Accounting
A company uses activity-based costing. The company produces two products, 001 and 002. Information relating to 001 is as follows: Units produced: 38,000 Machine-hours: 15,000 Direct labor hours: 16,000 Materials handling (number of moves): 8,000 Setups: 10,000 Information for ...
Sunday, November 2, 2014 by Serenity

accounting
8 cost categories that variable and which are fixed
Sunday, November 2, 2014 by jujuanyodh

Sociology/Social Responsibility
I don't know how to set up the journal entry (when I Google it it just gives me accounting journals). I also am not sure how to go about answering the questions. Could someone please help!! Write a 2-3 paragraph Journal entry addressing the following questions. What ...
Sunday, November 2, 2014 by Cathy

Accounting
How can I calculate the setup costs of a product using the activity-based costing method?
Sunday, November 2, 2014 by Lyra

accounting
Can a cost can be incremental but not relevant or relevant and not incremental?Provide an example of each.
Friday, October 31, 2014 by chase

cost accounting
how to compute contribution per unit , in dollars and percentages
Friday, October 31, 2014 by jujuanyodh

Financial accounting 4e
Tybalt invested $6000 cash in the business in exchange for more common stock during year 2013 ( the December 31,2012 credit balance of retained earning was $168900) Tybalt construction is required to make a $16500 payment on its long-term notes payable during 2014.
Thursday, October 30, 2014 by Anonymous

accounting 1
Ethic Case The Controller for Anderson Electric, Ron Foss, is reviewing the year-end adjusting entries prepared by the accounting staff for approval before they are posted to the general ledger. Angela Bennett, the company president, has suggested the December accrual for wage...
Thursday, October 30, 2014 by Maria

accounting
Halifax Manufacturing allows its customers to return merchandise for any reason up to 90 days after delivery and receive a credit to their accounts. Halifax only makes credit sales. The company began 2013 with an allowance for sales returns of $300,000. During 2013, Halifax ...
Wednesday, October 29, 2014 by pedro

Managerial Accounting
The overhead rate for materials handling is $10 per part based on an estimated total cost of $900. Products X & Y have 320 and 280 parts respectively. What is the overhead allocated to X & Y? A. Product X $3,200, Product Y $4,400 B. Product X $4,800, Product Y $4,400 C. ...
Tuesday, October 28, 2014 by sabrina

Accounting
I need to know how to journalize this in a General Journal, but I don't know if it is required to even write down. Signed a lease agreement to rent office space for $975 per month, beginning Feb 1st. Nothing was paid today. (This happened on Jan 15)
Thursday, October 23, 2014 by Kate

accounting
Blanche invested $9800 in a savings account with a yearly interest rate of 2% for 15 years. How much simple interest did she earn?
Thursday, October 23, 2014 by Anonymous

Accounting
On the balance sheet under current assets there is an amount called Accounts receivables less allowances. Does it mean its already the net accounts receivable? or do i have to subtract it to get the net?
Thursday, October 23, 2014 by HAQUE

Principles of Accounting
Santa Fe Company purchased merchandise for resale from Mesa Company with an invoice price of $24,000 and credit terms of 3/10, n/60. Prepare entries that the buyer should record for the purchase
Wednesday, October 22, 2014 by Jasmine

accounting 100
Moteki Company accumulates the following adjustment data at December 31 Indicate the type of adjustment (prepaid expenses, accrued revenues and so on), and the status of accounts before adjustment (overstated or understated). (Enter answers in alphabetical order.) Supplies of...
Wednesday, October 22, 2014 by Leeseekay

Accounting
Journal Entries Under the Perpetual Inventory System Bhushan Building Supplies entered into the following transactions.
Tuesday, October 21, 2014 by Anthony

managerial accounting
Equipment reported in the December 31, 2013, balance sheet was purchased in January 2013. It is being depreciated over eight years under the straight-line method with no salvage value. The following amounts for new equipment purchases are planned in the coming quarter: January...
Sunday, October 19, 2014 by shirley

accounting
Comparative Statements of Retained Earnings for Renn-Dever Corporation were reported as follows for the fiscal years ending December 31, 2011, 2012, and 2013.
Monday, October 13, 2014 by Anonymous

accounting
A company purchased and installed a machine on January 1 at a total cost of $72,000. Straight-line depreciation was calculated based on the assumption of a five-year life and no salvage value. The machine was disposed of on July 1 of the fourth year. The company uses the ...
Tuesday, October 7, 2014 by Lonnie

accounting
Accrued salaries 1 Bill’s Company Partial Worksheet For the Year Ended December 31st, 2012 Account Titles Trial Balance Adjustments Adjusted Trial Balance Debit Credit Debit Credit Debit Credit Merchandise Inv. 16 Store Supplies 10 Store Equipment 20 Accum. Depr. Store ...
Monday, October 6, 2014 by jen

Managerial Accounting
I have a homework problem that asks me to do the following: 1. Prepare a schedule of total cash collections for October through December. 2. Prepare a schedule of total cash disbursements for October through December. 3. Prepare a cash budget for October through December. I ...
Monday, October 6, 2014 by Jenn

accounting
Jesper Parnevik borrowed $70,000 on March 1, 2012. This amount plus accrued interest at 12% compounded semiannually is to be repaid March 1, 2022. To retire this debt, Alex plans to contribute to a debt retirement fund five equal amounts starting on March 1, 2017, and for the ...
Saturday, October 4, 2014 by Anonymous

accounting
Hamilton Company owns 51,600 of Hennie Company's 120,000 outstanding shares of common stock. Hennie Company pays $33,000 in total cash dividends to its shareholders. Hamilton's entry to record this transaction should include a:
Saturday, October 4, 2014 by Anonymous

Accounting Please help me
Bethany Link delivers parts for several local auto parts stores. She charges clients $0.75 per mile driven. She has determined that if she drives 2,100 miles in a month, her average operating cost is $0.55 per mile. If Bethany drives 4,200 miles in a month, her average ...
Saturday, September 27, 2014 by Vanessa

Accounting 5
Bethany Link delivers parts for several local auto parts stores. She charges clients $0.75 per mile driven. She has determined that if she drives 2,100 miles in a month, her average operating cost is $0.55 per mile. If Bethany drives 4,200 miles in a month, her average ...
Friday, September 26, 2014 by Vanessa

Accounting
Anheuser-Busch InBev Companies, Inc reported the following operating information for a recent year. In addition assume that Anheuser-Busch InBev sold 200 million barrels of beer during the year. Assume that variable costs were 75% of the cost of goods sold and 40% of selling, ...
Friday, September 26, 2014 by Anonymous

accounting
Pike Corporation paid $100,000 for a 10% interest in Salmon Corp. on January 1, 2010, when Salmon's stockholders' equity consisted of $800,000 of $10 par value common stock and $200,000 retained earnings. On December 31, 2011, after receipt of the year's dividends ...
Tuesday, September 23, 2014 by shosh

Accounting
During the year, Shor Company issued several series of bonds. For each bond, record the journal entry that must be made upon the issuance date. (Round to the nearest dollar; a calculator is needed for 2 and 3.) On January 20, a series of 15-year, $1,000 par value bonds with ...
Sunday, September 21, 2014 by Ralph Howze

Accounting
On January 1, you will purchase a new car. The automobile dealer will allow you to make increasing annual December 31 payments over the following four years. The amounts of these payments are $4,000: $4,500: $5,000: $6,000. On the same January 1, your mother will lend you just...
Sunday, September 21, 2014 by Ralph Howze

Accounting
An increase or decrease in accounts payable during a fiscal period has no effect on the net cash provided by operating activities.
Friday, September 19, 2014 by Anonymous

accounting
Wallace Inc., a developer of radiology equipment, has stock outstanding as follows: 30,000 shares of cumulative preferred 2% stock, $90 par and 125,000 shares of $10 par common. During its first four years of operations, the following amounts were distributed as dividends: ...
Monday, September 15, 2014 by Anonymous

accounting
Swan Creek Company has 40,000 shares of cumulative preferred 2% stock, $60 par and 50,000 shares of $50 par common stock. The following amounts were distributed as dividends:year 1 30000 my answer was 18000 common stock
Sunday, September 14, 2014 by valerie

Accounting
Dr. Rees: Ruth, good to see you again. Why didn’t you call me when you were in Denver? We could have had dinner together. Dr. Turner: Actually, I never made it to Denver this year. My husband and kids went up to our Vail condo twice, but I got stuck in Fort Lauderdale. I ...
Sunday, September 14, 2014 by Crystal

Accounting
1. Compute the estimated uncollectible accounts at the end of the year using the following rates: Current 1% 1–30 days past due 3% 31–60 days past due 9% Over 60 days past due 25% 2. As of December 31, 2013, there is a credit balance of $208.20 in Allowance for ...
Friday, September 12, 2014 by Christian

Accounting
Ultra Leather Products sells leather clothing at both wholesale and retail. The company has found that there is a higher rate of uncollectible accounts from retail credit sales than from wholesale credit sales. Ultra computes its estimated loss from uncollectible accounts at ...
Friday, September 12, 2014 by Christian

Veterinarian assisted
1. In the __________, an animal patient's hair is clipped and its skin is scrubbed to prepare for surgery.  A. hospital ward  B. surgical suite  C. treatment area  D. grooming area  2. Supervision of the treatment area is usually the responsibility...
Friday, September 12, 2014 by Jessica

Accounting
On March 1, 2013, the company lent a supplier $23,000 and a note was signed requiring principal and interest at 9% to be paid on February 28, 2014. If the journal entries are intrest recievable intrest revenue how much should I allocate to each section?
Thursday, September 11, 2014 by Anonymous

business
Describe the components of the accounting conceptual framework?
Thursday, September 11, 2014 by gozokhp

microeconomics
Using MS Excel or a table in MS Word, complete Table-1 (Joseph Farms, Inc., Cost and Revenue Data). Assume that the price is $165. Assume the fixed costs are $125, at an output level of 1. Assume that the data represents a firm in pure competition. Show your calculations. ...
Wednesday, September 10, 2014 by lee

accounting
. Preference Decisions: NPV vs. IRR vs. Profitability Index Stephens Industries is contemplating four projects: Project P, Project Q, Project R, and Project S. The capital costs and estimated after- tax net cash flows of each project are shown in the table that follows. ...
Wednesday, September 10, 2014 by Cindy

Accounting 10 PLEASE HELP ME!
Oscar Corp. applies manufacturing overhead to production at 150% of direct labor cost. During 20x5, manufacturing overhead of $180,000 was applied to production; actual manufacturing overhead was $199,000. Beginning Work in Process Inventory was $20,000 and ending Work in ...
Tuesday, September 9, 2014 by Vanessa

Accounting 9
The following information is available for Baker Industries: Cost of goods manufactured $320,000 Beginning finished goods inventory $45,000 Ending finished goods inventory $35,000 Compute the cost of goods sold.
Tuesday, September 9, 2014 by Vanessa

Accounting 8
The following information is available for Walker Industries: Beginning work in process inventory $30,000 Ending work in process inventory $25,000 Cost of goods manufactured $180,000 Compute total current manufacturing cost?
Tuesday, September 9, 2014 by Vanessa

Accounting 3
Wheeler’s Bike Company manufactures custom racing bicycles. The company uses a job order cost system to determine the cost of each bike. Estimated costs and expenses for the coming year follow: Bike parts $350,000 Factory machinery depreciation $55,000 Factory supervisor ...
Tuesday, September 9, 2014 by Vanessa

Accounting 2 PLEASE HELP ME!
Cambridge Manufacturing Company applies manufacturing overhead on the basis of machine hours. At the beginning of the year, the company estimated its total overhead cost to be $325,000 and machine hours to be 25,000. Actual manufacturing overhead and machine hours were $372,...
Tuesday, September 9, 2014 by Vanessa

Stats
You have many old textbooks in your apartment. You have 6 math books, 7 econ, and 4 accounting. Assume that each textbook is different than the other. A) What is the probability that the last book is one of the economic textbooks? B) What is the probability that none of the ...
Tuesday, September 9, 2014 by Rebekah

Accounting 9
The following information is available for Baker Industries: Cost of goods manufactured $320,000 Beginning finished goods inventory $45,000 Ending finished goods inventory $35,000 Compute the cost of goods sold.
Tuesday, September 9, 2014 by Vanessa

Accounting 8
The following information is available for Walker Industries: Beginning work in process inventory $30,000 Ending work in process inventory $25,000 Cost of goods manufactured $180,000 Compute total current manufacturing cost?
Tuesday, September 9, 2014 by Vanessa

Accounting 7
Job 31 has a direct materials cost of $300 and a total manufacturing cost of $900. Overhead is applied to jobs at a rate of 200 percent of direct labor cost. Use the relationships among total manufacturing costs, conversion cost, and prime cost to determine the following costs...
Tuesday, September 9, 2014 by Vanessa

Accounting 3
Wheeler’s Bike Company manufactures custom racing bicycles. The company uses a job order cost system to determine the cost of each bike. Estimated costs and expenses for the coming year follow: Bike parts $350,000 Factory machinery depreciation $55,000 Factory supervisor ...
Tuesday, September 9, 2014 by Vanessa

Accounting 2
Cambridge Manufacturing Company applies manufacturing overhead on the basis of machine hours. At the beginning of the year, the company estimated its total overhead cost to be $325,000 and machine hours to be 25,000. Actual manufacturing overhead and machine hours were $372,...
Tuesday, September 9, 2014 by Vanessa

Accounting 10
Oscar Corp. applies manufacturing overhead to production at 150% of direct labor cost. During 20x5, manufacturing overhead of $180,000 was applied to production; actual manufacturing overhead was $199,000. Beginning Work in Process Inventory was $20,000 and ending Work in ...
Tuesday, September 9, 2014 by Vanessa

Accounting 9
The following information is available for Baker Industries: Cost of goods manufactured $320,000 Beginning finished goods inventory $45,000 Ending finished goods inventory $35,000 Compute the cost of goods sold.
Tuesday, September 9, 2014 by miguel

Accounting 8
The following information is available for Walker Industries: Beginning work in process inventory $30,000 Ending work in process inventory $25,000 Cost of goods manufactured $180,000 Compute total current manufacturing cost?
Tuesday, September 9, 2014 by miguel

Accounting 7
Job 31 has a direct materials cost of $300 and a total manufacturing cost of $900. Overhead is applied to jobs at a rate of 200 percent of direct labor cost. Use the relationships among total manufacturing costs, conversion cost, and prime cost to determine the following costs...
Tuesday, September 9, 2014 by miguel

Accounting 3
Wheeler’s Bike Company manufactures custom racing bicycles. The company uses a job order cost system to determine the cost of each bike. Estimated costs and expenses for the coming year follow: Bike parts $350,000 Factory machinery depreciation $55,000 Factory supervisor ...
Tuesday, September 9, 2014 by miguel

Accounting 2
Cambridge Manufacturing Company applies manufacturing overhead on the basis of machine hours. At the beginning of the year, the company estimated its total overhead cost to be $325,000 and machine hours to be 25,000. Actual manufacturing overhead and machine hours were $372,...
Tuesday, September 9, 2014 by miguel

Accounting 1
Oscar Corp. applies manufacturing overhead to production at 150% of direct labor cost. During 20x5, manufacturing overhead of $180,000 was applied to production; actual manufacturing overhead was $199,000. Beginning Work in Process Inventory was $20,000 and ending Work in ...
Tuesday, September 9, 2014 by miguel

Accounting 200
Accounting professionals must sometimes choose between two or more acceptable methods of accounting for business transactions and events. Explain and discuss why these situations can involve difficult matters of ethical concern.
Friday, September 5, 2014 by Adamg

Accounting - General
Should a capital asset that is increasing in value be depreciated?
Thursday, September 4, 2014 by Anon

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Homework Help: Business

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