A potential investor is seeking to invest $1,250,000 in a venture, which currently has 2,000,000 shares held by its founders, and is targeting a 40% return four (4) years from now. The venture is expected to produce $1,750,000 in income per year at year 4. It is known that a similar venture recently produced $1,750,000 in income and sold shares to the public for $17,500,000.

Suppose that the first round investor believes that the venture cannot reach the E4 projection without an additional $2,000,000 infusion at the end of year two (2) from a second round investor expecting a 25 percent compounded annual rate of return on the money contributed at that time. Assume that the first round investor cannot have his percentage share reduced in the transaction.

7) What ownership percentage of our firm must be sold in order to provide the second round investor with their targeted return? (round to 5 decimal places)

8) What is the founder’s remaining ownership share %? (round to 5 decimal places) 9) What is the total number of shares after the second round financing? (round up to whole shares)

10) What is the new number of shares for the first round investor? (round up to whole shares)

11) What is the new price per share for the first round investor? (round to 5 decimal places)

1A . Pargo Company is preparing its master budget for 2017. Relevant data pertaining to its sales, production, and direct materials budgets are as follows.

Sales:Sales for the year are expected to total 1,000,000 units. Quarterly sales are 20%, 25%,25%,and 30% respectively.The sales price is expected to be $40 per unit for the first three quartersand $45 per unit beginning in the fourth quarter.Sales in the first quarter of 2018 are expected to be 20% higher than the budgeted sales for the first quarter of 2017.

Production:Management desires to maintain the ending finished goods inventories at 25% of the next quarter’s budgeted sales volume.

Direct materials:Each unit requires 2 pounds of raw materials at a cost of $12 per pound.Management desires to maintain raw materials inventories at 10% of the next quarter’s production requirements.Assume the production requirements for first quarter of 2018 are 450,000 pounds.

a) Prepare the sales, production, and direct materials budgets by quarters for 2017.

1B. Preparing its budgeted income statement for 2017 ( Using data from answer 1)

In addition, Pargo budgets 0.3 hours of direct labor per unit, labor costs at $15 per hour, and manufacturing overhead at $20 per direct labor hour. Its budgeted selling and administrative expenses for 2017 are $6,000,000.

a) Calculate the budgeted total unit cost

b) Prepare the budgeted multiple-step income statement for 2017. (Ignore income taxes)

O’Brien Company manufactures and sells one product. The following information pertains to each of the company’s first three years of operations:

During its first year of operations, O’Brien produced 91,000 units and sold 71,000 units. During its second year of operations, it produced 76,000 units and sold 91,000 units. In its third year, O’Brien produced 88,000 units and sold 83,000 units. The selling price of the company’s product is $79 per unit.

4. Assume the company uses absorption costing and a LIFO inventory flow assumption (LIFO means last-in first-out. In other words, it assumes that the newest units in inventory are sold first):

a. Compute the unit product cost for Year 1, Year 2, and Year 3.

b. Prepare an income statement for Year 1, Year 2, and Year 3.

• 	O’Brien Company Absorption Costing Income Statement Year 1 Year 2 Year 3 0 0 0 $0 $0 $0

O’Brien Company manufactures and sells one product. The following information pertains to each of the company’s first three years of operations:

During its first year of operations, O’Brien produced 98,000 units and sold 76,000 units. During its second year of operations, it produced 76,000 units and sold 93,000 units. In its third year, O’Brien produced 86,000 units and sold 81,000 units. The selling price of the company’s product is $78 per unit.

2. Assume the company uses variable costing and a LIFO inventory flow assumption (LIFO means last-in first-out. In other words, it assumes that the newest units in inventory are sold first):

Compute the unit product cost for Year 1, Year 2, and Year 3.

b. Prepare an income statement for Year 1, Year 2, and Year 3.

O’Brien Company manufactures and sells one product. The following information pertains to each of the company’s first three years of operations:

During its first year of operations, O’Brien produced 98,000 units and sold 76,000 units. During its second year of operations, it produced 76,000 units and sold 93,000 units. In its third year, O’Brien produced 86,000 units and sold 81,000 units. The selling price of the company’s product is $78 per unit.

4. Assume the company uses absorption costing and a LIFO inventory flow assumption (LIFO means last-in first-out. In other words, it assumes that the newest units in inventory are sold first):

a. Compute the unit product cost for Year 1, Year 2, and Year 3. (Round your intermediate calculations and final answers to 2 decimal places.)

b. Prepare an income statement for Year 1, Year 2, and Year 3. (Round your intermediate calculations to 2 decimal places.)

Refer to the information in the table that follows to answer the question that follows: (Difficult Question)

If taxes are reduced from 100 to 25, then calculate the CHANGE in the equilibrium level of income?

Select one:

a. -1800

b. 75

c. 450

d. 675

On January 2, 2018, Athol Company bought a machine for use in operations. The machine has an estimated useful life of eight years and an estimated residual value of $1,500. The company provided the following information:

1. Invoice price of the machine, $73,150.
2. Freight paid by the vendor per sales agreement, $770.
3. Installation costs, $1,670 cash.
4. Cost of cleaning up the supplies, boxes, and other garbage that remained after the installation of the machine, $80 cash.
5. Payment of the machine's price was made as follows:

January 2:

• Issued 1,080 common shares of Athol Company at $5 per share.
• Signed a $42,000 note payable due April 16, 2018, plus 12 percent interest.
• Balance of the invoice price to be paid in cash. The invoice allows for a 2 percent cash discount if the cash payment is made by January 11.

January 15: Paid the balance of the invoice price in cash.

April 16: Paid the note payable and interest in cash.

6. On June 30, 2020, the company completed the replacement of a major part of the machine that cost $12,350. This expenditure is expected to reduce the machine’s operating costs, increase its estimated useful life by two years, and decrease its estimated residual value to $1,000.
7. Assume that on October 1, 2025, the company decided to replace the machine with a newer, more efficient model. It then sold the machine to Sako Ltd. on that date for $25,400 cash.

1. Compute the acquisition cost of the machine.

2. Prepare the journal entries to record the purchase of the machine and subsequent cash payments on January 15 and April 16, 2018. (Do not round intermediate calculations and round your final answers to the nearest dollar amount. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

January 2, 2018: Record purchase of machine by issuing shares, signing a note and the balance on account.

January 2, 2018: Record payment of machine installation costs.

January 15, 2018: Record payment made after discount period.

April 16, 2018: Record payment of note and interest

3. Compute the depreciation expense for each of the years 2018, 2019, and 2020, assuming the company’s fiscal year ends on December 31. Use the straight-line depreciation method. (Do not round intermediate calculations and round your final answers to the nearest dollar amount.)

4. Prepare the journal entry to record the sale of the machine on October 1, 2025. (Hint: First determine the balance of the accumulated depreciation account on that date.) (Do not round intermediate calculations and round your final answers to the nearest dollar amount. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Python language!!!!!

№1

The translation from the Berland language into the Birland language is not an easy task. Those languages are very similar: a berlandish word differs from a birlandish word with the same meaning a little: it is spelled (and pronounced) reversely. For example, a Berlandish word code corresponds to a Birlandish word edoc. However, it's easy to make a mistake during the «translation». Vasya translated word s from Berlandish into Birlandish as t. Help him: find out if he translated the word correctly.

Input

The first line contains word s, the second line contains word t. The words consist of lowercase Latin letters. The input data do not consist unnecessary spaces. The words are not empty and their lengths do not exceed 100 symbols.

Output

If the word t is a word s, written reversely, print YES, otherwise print NO.

Examples

input

code
edoc

output

YES

№2

Anton likes to play chess, and so does his friend Danik.

Once they have played n games in a row. For each game it's known who was the winner — Anton or Danik. None of the games ended with a tie.

Now Anton wonders, who won more games, he or Danik? Help him determine this.

Input

The first line of the input contains a single integer n (1 ≤ n ≤ 100 000) — the number of games played.

The second line contains a string s, consisting of n uppercase English letters 'A' and 'D' — the outcome of each of the games. The i-th character of the string is equal to 'A' if the Anton won the i-th game and 'D' if Danik won the i-th game.

Output

If Anton won more games than Danik, print "Anton" (without quotes) in the only line of the output.

If Danik won more games than Anton, print "Danik" (without quotes) in the only line of the output.

If Anton and Danik won the same number of games, print "Friendship" (without quotes).

Examples

input

6
ADAAAA

output

Anton

№3

You can not just take the file and send it. When Polycarp trying to send a file in the social network "Codehorses", he encountered an unexpected problem. If the name of the file contains three or more "x" (lowercase Latin letters "x") in a row, the system considers that the file content does not correspond to the social network topic. In this case, the file is not sent and an error message is displayed.

Determine the minimum number of characters to remove from the file name so after that the name does not contain "xxx" as a substring. Print 0 if the file name does not initially contain a forbidden substring "xxx".

You can delete characters in arbitrary positions (not necessarily consecutive). If you delete a character, then the length of a string is reduced by 11. For example, if you delete the character in the position 22 from the string "exxxii", then the resulting string is "exxii".

Input

The first line contains integer nn (3≤n≤100)(3≤n≤100) — the length of the file name.

The second line contains a string of length nn consisting of lowercase Latin letters only — the file name.

Output

Print the minimum number of characters to remove from the file name so after that the name does not contain "xxx" as a substring. If initially the file name dost not contain a forbidden substring "xxx", print 0.

Examples

input

6
xxxiii

output

1

The accompanying table shows a portion of data consisting of the selling price, the age, and the mileage for 20 used sedans.

a. Determine the sample regression equation that enables us to predict the price of a sedan on the basis of its age and mileage. (Negative values should be indicated by a minus sign. Round your answers to 2 decimal places.) [If you are using R to obtain the output, then first enter the following command at the prompt: options(scipen=10). This will ensure that the output is not in scientific notation.]

b. Interpret the slope coefficient of Age.

• The slope coefficient of Age is −528.13, which suggests that for every additional year of age, the predicted price of car decreases by $528.13.

• The slope coefficient of Age is −0.09, which suggests that for every additional year of age, the predicted price of car decreases by $0.09.

• The slope coefficient of Age is −528.13, which suggests that for every additional year of age, the predicted price of car decreases by $528.13, holding number of miles constant.

• The slope coefficient of Age is −0.09, which suggests that for every additional year of age, the predicted price of car decreases by $0.09, holding number of miles constant.

c. Predict the selling price of a seven-year-old sedan with 66,000 miles. (Round coefficient estimates to at least 4 decimal places and final answer to 2 decimal places.)

A barber shop offers haircuts to both students and faculty. Student demand for haircuts is given by pS(QS) = 24− 1QS. Faculty demand for haircuts is given by pF(QF) = 24− 1QF.

Students have more hair than professors (even the young professors), and longer hair costs more to cut. Reflecting this fact, the barber shop’s total costs are

C(QS,QF)=16QS +10QF
Suppose first that the barber shop can engage in perfect price discrimination.

1. (3 pts.) How many students get haircuts (Q∗S )? How many faculty get haircuts (Q∗F )? How much profit will the barber shop make?

2. (3 pts.) Under perfect price discrimination, is each of these statements true or false? Briefly explain your reasoning.

   i. Every faculty member with positive willingness to pay ends up getting a haircut. ii. Among the people who get haircuts, students pay more than faculty on average.

   iii. The cheapest haircut sold is sold to a faculty member

Now suppose that the barbershop cannot engage in personalized pricing. However, it is able to offer one price for students and a different price for faculty.

c. (3 pts.) Find the monopoly’s profit-maximizing prices p∗S and p∗F under group price discrimination. Which group is charged a bigger price markup?

Upset about discriminatory prices, student groups organize protests against the barber shop, using the catchy slogan “It’s unfair / to tax our hair!” The protests go viral, and the barber shop reluctantly agrees to charge everybody the same price, regardless of cost.

d. (3 pts.) Compute the market demand curve Q(p), then write the barber shop’s profits as a function of p. (Be careful with the costs!) What price will the barber shop charge?