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42 views32 pagesMEA Assignment
MEA assignment
Uploaded by
Narender KCopyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF or read online on Scribd
/ 32
a
Managerial Reno mis 4 Accountancy.
Faper : ¥C-lof
ASSIGNMENT -T
SECTION -A
Write a nett on opportuni G UAE and Di scouring
Pinch ple.
Ry Spposranity st of a deotsson iS meant ttre
Sacrifice of alternatives neg wired by fro” Ae cision. De
PRer one 0 Soci fies , Ware is me tebk Aconding Le
oppor ctl Principle, a diem Con ere a factor
4 prducton 1 ame Onby fy tor rotor aI, a Fear)
th thot oceupahion /iob equal © qreatw Than ith oppovtunits
oe Oppo tanith Ussk fs the minimum pre Tot wonid &
hecresscry te tebein 4 Scho -serice th ite aver
US. Dr fg also dafne as the coal of cacvificed alternatives
Fri instance, a persm Cheeses te forgo hfe pare
laurel fob wich afer lim Ry, Sew per month,
Omnd orenniges Wis own leusiness «The oppurteaniliy lest
Cesymcng C00) wl] be Wa eRD sthanitg af Haring
Iris ew, easiness. la give chamge ju the price o a related commodity
Discounting Princtple + te
According ts tsa principle. fk a dewicion affects cats
ond revenues Th Long -749 Sill tease GRE amd vevenues
mut le dircounhd ‘6 reset Values before vabicl
(ep avison af adtemcves iS pomible . Was fs ecsenbiod
Lecause avepee woot 9 money aloo frtwre dite ts
wet vor a Wupee trey. Money actly hoy Tone
value . Drscowting Con le Aufined o& 2 Process
Used te tramipony fuhyre clollas Whe an e7uivlese
number of preset clellen . Coy jnateme, $4
favested today é (O7. juderest fs equimlen
$1.10 nent yet
Te ahouk te Coss Elasticil of Demand,
Crag elowliciG of domong fe Me Aeqree g
yosponsivenese Of demand of a Commodity X fur
2 othe frckort Yemaiuing the Same.
Cars ehashcils Of demand is he pescentaye change
fm tho demand for a COmmatil X tor ame
Per Com chamge ju the pace G4 velated grok Z
others poctos vemsining conttaw, Croce €lastrette, oF demond ef god ¥
~ Propettonate change on clemand ef red *
Proportional chong in the pre Eqred =
Ov Crore edastrci ly
Pexcentane chanyt Tate demand fer X
= fool ot eS
= Percentage. chauge Ta Wa PCE Of Z
Ww paw Creds clactreity Come moasureh stuilarly
Uke price amd Wroome gfasticities .
ede, Se Pe
Pook Enr= Ser ™* ae
whe Ex2 fs eu cross clastecil of- demon
Qe we Oe Quatiy Aoman dod oe yt x
% ie te rice f velo got 2
AG/ar i> We ffist ordew devvelive F tee dawand
func. Syurilavly ae cron etostictly OF demanded
ah ie, aed RE
Aye Eve = Ade * paz ale
Afe Q2x tAix
wwe Exz fs ee css elas iG of demand of
prduck th velaloy tw he prey 2
DOe 16 he Chong (h We AyrandiGy demanded
Ok good X = QLX -AIX
DR is te change in Te gree Of pmduck Ze Be Ple 2.
Py The ces value ~ pregie- vyelalion nip cam Le eyep rested
@)
Te cress elasticity of demand is positive, Men Tae
Produch ore. Saket; poten -
De cross cle cticity of demand is negelive » the produc
lae Com plamews -
Dp We cross elasticity af demand ir yexr oy img’ pens
Wane 7 mo veleKan dlp Lehicen Ba predate
Explain Tu break even chor,
h diag mmoiic form knows 8 The bgeala-evey choot
or apap: The Chart depicts breed cod, varialke.
cots, Lot coSth , break even pork, poopit or lad
Mavain of Cabety anh Wa angle % inet dence
Breake- even paint is Ibale level of cales ov produ chien
ak which tar sales vevenke fs exac ty eguot Uo tole
(eS , Vert Vovialle ame biped - Dt fs Took Level of |
ackvity ot which the birm neither earns Any probe
make © 1S amy VAS. Leis te point ab oli chy
the cowbiitedtinn toy 4 product push covers bexed
wohl,
Te procedure fr Constry ctfag a brels- ever
han way Ge oudlined , shep by ttep, > bellows.
Draw ordinates oma araph Sree, Wo Kavi ov
the akserssa mepresoxf> gales volume th money EG Aste We sales velame
& Pler Khe told Cab ne Guy a given sales volume,
value OF ouk par i alle , a Y-axis ov Wee ordinals}
yey resets Cesta amd vee nHe-
gece suileble ccoles by both.
ge unt , When plothed , bee
sales revenue oY the ontpul will pe a shoight Line
Arom oi gin te We right. Dp te scales on bolt Me
axes ane Te game, We gales Lint will be a GS
Ongu Wr ase.
Dror Tr sped cost Jne Peralle? te Wa x -oyis
B WWdicale had Pt Ts infinitely elaste within te
[sie lead compat
or ante,
The goin ab which the okey Coat Mine jtersecls
Ane sales ine ic Hu break-even Poink A dine
Lyomty perpendicular te bu X-axis Brom Ve
rea lk even point Vepresents es and chove the
Pit, pees port:
Th omen. formed ob Ge pelt of ietewsedlion of
The Fate Cost and the eles Line fc Called the
ansfe incidence. Pa
PU wart pep Ropnorry Byyn rewyrau regoiad
vto Sn wife ay vara lpeadde ry], “hanyas
Jo apr. thorany yj AMF AM Wo toy ry rae
Prowrd poy mart yer Rh pmow'e fom —vboxon ome
(Yat) Lamp h apr roam
\gAapTWAU) WO 497 4 Sel YOR
yBoows aera? ey pafgumnoh sah pt I Fh bua
bury Fapspoapen 41, analad oval & af a2b—ra v mtd
awh sree Ypoaithe yt Para Md Bos
empoudbo em beh poy ey
peyay [ovourpy
we)F ys baleerme Pwo
poveprpey Gaur! ral ong fo Sryrbyna payed
suerida wo barmol
2p pourtpal y Banpw ut pmesb haapek p
Fepinead 3 pro Lyra yen) PW —r¥re Ww) Jo
Cina wept rpm’ » mea 9 Duphyno
peiider vm BAeway * baprrerar 9 ow Sau
Fyne ased reU¥ANW My] |e wo! _pohad wyproypod
72M] 4M | PIEYPYM FerZP TIUvdws) loom
Gis adrwnd Barpen e900 we 5} buy Bors, pale
bepemw Byebegy rites b ailq
Y om neo 4M | Ampeg fa woo veh op ye | - Discountey cath flod mettief
This mefhec| hod Thee: apprsches.
1. Nate present velue CAI : thig appraach cleadakt
how prbitee a profeer mas be Ta frutere . Any projeeh
with a peste net preseb value js acceptable whey
omploging tha approach -
2 Toterrod volo of veh (TER) > fic a wdeful tool
fer eramining Copitel Ludgeting profes oud compari
Potentiay annual rebum Yeles over Tone . The internal
Tele gf wetury technique Colecdoles We pecentge
Be PORE irom eater front anyenye
©) Profitability Tndex (Pr) : whitda wn abso be
Yebered te os te prftc Jrvettmer yetio (@(R) ow
Value {nahestmetd vedio (VIR), [5a pit bdgehg
Jeckniqne thal” evaluates am Fnvettrmenls to pried
potestay Prog todat ity. Dt ts ons of trae @asertio)
Capitoy Landgeting techniques Wat toutinemes
tele. “|The Jetty word ‘Contra’ meant "Ihr oler side. Cb
hate oleout tha conksa—onkey sChctiors,
Lsott, delit amd credit oupects 06 a tromuclion art
ye corded Fa the cash book Ftself. euch entre are
called "Contra Entia'. For example , when cash &
deposited Labo ta banls account, Te us recorded
om the dele side thr bank column (> the bank
fc te receiver), ancl on the Credit vide In the
cosh codemn (ab cash gces ont) Of ha cash book.
Sriwi lay whey cosh is withdraws from Lamk
actount Pr Obie use, th fe seceded inte cash
Column 0% the Astott Side Cos cash comes th) and
fy ba lank column om bo credil Gale (at bank
Je the giver), of ha Guth Grok, Te must, howergr”
be noted that Fr tarh js Withdrawn frm bank
account for persond wie o% tg ovvner (olvawings
laceows) , Te ic nik o "coke Entry’. Ly ober words
A canha evhy means am ety whore cath
account and lsonk account af heed ak Ihe came.
time, Tr order te denslt Centra erhies “the
letter ‘C’ Gepitet letter) Is Write, In LE cokuimy
em loth cider - Te () Means tol the the pavticdtay entry ic potted on th cther side:
C tontva) Of the came page Of the cash bork, becuse)
Cath account amd. bark account are. maintained th
tee cash look only » Toe Detter'C’ dco meank That}
te particular entry with G! needs no further
patina yy the Jedger , oA acuble entry 5s
Completed Ja the cath book Pel.
section -B
i
Describe the Law % vartabk. proportions,
Lowa off Voriakle proportion ic regarded od a4
imp Overt theory Ty Evonomics - pp fs veperred &
oa ta lm which fetes for aha thee Quartils of-
One factor ok prod Lion js nereased colette beeping
all Wa other pache enters ie wth rel Fa fe
Ae cline of To mang prodinck of Pw frckr.
whey variable factor fe facreoted while keopinge
all other factort ontork, tee tole product wil)
jnevese jnitially ak ay increa rg vale nent Th
will Ge faereasing ak a inginiing vele am
Crnkralty Gore will be decline fq Ge yo of
Prauction , Assum pons Of tow yf vari alhe- Proportion
J. Grnstonk stole of Techaslegs «De is arsuned Kar We
sete of Fechnolegy will Le Cotton and with
| improvements in tee technology , Wa prebchon wil
j ves : “er
b- Vasia lle Factor Propsttions Tria axdnenes thal
parton of production am voninble. The aw iS hol
valid » fours of prodidlion amt pixed.
b) trmopencons factor tutte: TA assumes thot olf
Ka Wg produced ane FAuctice) iy qualkiG , quomh'G
ond price - Ey other eorels, the anil one hamogereon
fn neture-
It) Ghok Run: Thi axdumes thal Ws [aso i opplioble
[fre these systems bol ant opeveting fo a shart texm
chee. Sk is nek posi He fo alter all pachor inpab,
Sages of Lawl af Variable Propet lion
1) First clmge ov Stage of ine reasing orefusns : ie thes
Stage ,Hutotey priduct (nceeases aban inereating
yo. Thi happens because th officiency f the
fixed facto jneveoses With adelition Y vavialle
inp to the product,
BD deco stage or Sty reget Refusra s Dn
Hida Skage, the toley product mrereses at 4 ss} e Po ays mq parser 4 ayy
Douew v4 bong? VP SHOU 519) Yo pawathyesw AAA,
gvoyptruap Bropoiem Aro vpurae Barpenanay ! jderua
wom, 9 Aeyporsy :atemen prawamnaas Movaly
|
TaMew H) mor} hye rods & WO Fapay Fh Forney,
ade GY Deyprory ryder Mayr| youlyngy
iydaun Brypynory
“sorpranks? Quyprnanay a pro
aytoowsr Opener, ©) eg paisa me Soyboend
Regnery, “POwspar bp ums Cwy dard
EMM poreyed a POEMS qrepmar Pdayey
yooyunu pro reps ‘samparcad breed adood
|
Pou lyumesre fo guoyuanvoy pwo druen ™ upd y
“ny sau souoraq prpaud
joubew ry Pre s0N)777 yrmpaed (ict om’ AHS
maw 3 wenpoy ame San fe 2Seg 10 aha} Pu) (ed
“hy orp Gavys iu?
|_ gro, mnipisad que orp ox aboxone poo (owhiva yy
geled WMI My F~PRL 2) JUN 2K Bury riurmip
aL
fe 9 Amcw aod oy faanusa bg aro” aye oy [a Glug Concern Lomwpk > Recording to concept
fe fs assumed thot the busines vill emhnue tov
a fairly Lowy Teme to come - eve {s netthew
the lutenhon nay tte Necessity to Siquidals Co
outiness Vemtare ty te foe seeatle future.
Coste teres Acco relfug te tess ae
asse- is reurded In re loooks od He price
ak wlidh (6 tle aceyeived
Dual eopet— Concept Acvoveling te THB concept
every Lartiness Prantaction bas a dnol auped
ond cooky apes an te tA carZidened te read
jn te ook g-
Accounting poured concept: Acedivg beth Coco
Wo Life of the loasinerss ic Aiviteed ick appraprioke
Sequin for Studyius, ty yoo shomy by the
\ousiness.
Motctang eet: Feeding te tds com cept
All the vevennes of tee peridd sharl4 be mokhe
WiPh Te eopenses af thar peried. mateling’
Meany appee priate a%ho (Ken of oeheted revenue
Ane Ryopew cer woah oq werk wep FS OuNDNA ote are ~™|
Gas rsdweD any OOO ff yrs mo MIL
pobroqan bynes ed ouypord baqune?.¥
aereoy Paypso27y «, Jesways 07] fo. RRC
apy 4 re)
43 yoyo W794 TY YOD PPV roe powad
gro sapdue lye
psoat yroys an «pes faypne29e Jo po
ng xo ru 7H 40 veyed vernon are
pwo any 7 wy pow | povd Gargano
Wo ap K+ 4xjoud pow? sgejsaat= ot
_ideower wae 2 bere
sso a preety aP bqrypalye Wa
pena eq asm opens jer wy, ray
sypv07 ad Gepmooe wt saleyva 1 dome?
Babee ra a Gospeps me
‘ ee penn ry
have ee
ong 3 Boor; ntoues wowing Aa qe a
“food 09 ayer) Hyrh™) Hrworaq —™ FO
soley mm Fained syeokeat Iyoded TA ma"
wer “DVO: A? yespmr = 353 A} lemm re ayeR
my bo PeWsve Buvas, Seat ise
“adoro gry 4 er ai larpos qeay Conve tion Ob Materiality » Actordiny to ted
Gowvention , accountant should attach importance
deloils;
Ais, accountng, 8
uly and feircly wyormaton Tey pur pee
ty pruet
Convencion 06 oom cerwolkisn & According, te thas
tue bowsines Man glonld wer anki eiple
pobilk Luke poowrde §er all posite besser .
Coaventton %% pal discle ser nccording
reps chow dict lope
to metesiat deakails amd ignove Tasigni freon possanb A Faun?
BAY pajsarn
fo sari
Palsepood B oUUs)
Rowivrparvn ‘mean
AY BWIaZMO TY) Sy
buns ww 20}
A" Ig yrwra}2 2")
anode 40
[pane vate] Ty 077
fospounrofar ou sy RM)
| Bneprauq
g Mr pROIVa,
bamne b ony od
THM SY) ayo}
Fayeunoy
> We) 215)4 “wou |
No WIAD 40 TH) Sy | jor)
|
|
Banrraly DAY) — arpa Bag
anypalqo
Lpatosd Ro -pa) Po woo
samo Pi quana buy Moy yuyoq
— ayy io} Svea
tary ™M ben _perpenhg
ywolzas
J maw 7
goi-29 + xed
bourejunarry p S2yworerQ pourdwweyy
Q 2 |i slbsttitts and Complemertars of goods iploencep
demand Of @ Consumer ? Exqlain
I SaSshhute gredls — refer t these qerds the!” com
he Contamed 7 Place 94 each ofthe, Cn cKample tea
amd Coffee. Py use of sub chtete goes Vise In Wo pice
HF one gred tncrestes, fe contumen chifts Lis Lemond |
é the offer Csudstitde) g
cd fe. vise ty Wa peice of
che gee vests Y te vise inte demand of the
ober God. Dh core Me demand Cove EEG
Ravelleh ortwente t te Me viguk:
TMAGEL
| Ema ger
> or ey
S Jo S
| ¢ => Ss
, LP
> err
2 Pd
= kr
o
= __ Auantilis 06 Ten Cunt, >
Incr Fall Price of SubW4nIE Good
Tmagcy
us
ow & 3 Rt
l—
2 < %
Mang Combs Companies qo fir atengterm toon
from any tami thal offers them fe meet” cootking
Copitry yequivemeb for fer pthive af mone. peas.
AB) Retaty Profi =
Snakes of investing te nev! ventures or maleing
| dividernde Pagress fo Shavebotlers many Compenih setnin some park of their potie & make use of
Me vorreing cng tik rany they com be sel
Suffice awd dou't have & tnke &@ wor king Gopi tal
loan, Peg Interest or incer losses onthe AiScounted
talu,
2 Doe. Debentwres and Equities: |
Trektveme coger (f& the tsiness has fever funds
when they oe trying bo invest jn Gage -Scol vents
they maghi think G londs or deLentares on ogni
bec TS ic Aone anty when Wat funds are
| neecledt.
Whatr de you mean boy Tournak Proper ? |
Journal pop Geneva) Journey 1S a simple bool
& chrondegicy yecords Of busrnest duanta chiens, 14
| tgvok & ovigire) entry Csimple Fonrnat) fy hick
|
ly de nol
mitscellaneons credit dromsackors colt
| ye te any other books are verdes, PE FS
also called mislellaneout fournal » [2 Germ
and pre cedacre main katig rs poarnal ane (te |
dame or thar of 4 Simple journal. pit
Tonrna| Props is used bw ve cording the follmoing
entries.
() Open ies Capit: Enties t Pn opentug extay Ts
| Persea) Ty the Torwnel for Lningity fe ealonces
of Vann ACSC , Ueki Uitics and wpite appearty
inte Galane sheer gy te Previous acoutting flere’,
te the Locks ¥ ey 5S accounkivg period .
Ce entries: re pecmed 7n Ce gor fw Losi
the Nominal accents bey deans fern'ng then fo Ts
Avading awd PPOGIE ancl LS Gewurt.
OQ Ter entna: wt passed iy fe Gousned few |
trams fering ay amour from one aceourd™ & another’
acrounk™ |
(Al Aekjsting cebries: Ok pais ed my The jeunel to
Lying Tato the ooks of account Cortety Un re crded
thems Like Cloting chek , Aupreciakion ™ bed
ANG | standing ound prepared iFems
OG Keckificalioy etna: me powsed ia te pour
tye ty the variong errert Committed while
potting; tating, Lalancing ek. SECTEON-
How price ond ocdput Aefermined Goth fy perfect)
competion amd mono poly marke 1 Explain alte
depres.
According Menshell ttre price of acommodili jth
Perbectty Compe Nie mas ket is determined by ther
demand dud supply of all Ha firms trlien fogetien
Ke pris of commatits onder perfrel competition
Can ke Actermined Sy ty taree peveds q tine.
(A) Wa market period — &) Ta throvt period ark
© We Lowy ported
Ea arliriqm Poinks > hs fin Stele atcslhtch Herm
enjoys marty pryfe and hot ao (ntenbe either
fe reduce av increase fis obpe tent. In perfect
Competition pits Girm hos Lo godisfy Awe Conclicrs}
fo ateata equibyium cfc.
@ nol revenue Chon? Leequed te margin}
(Str (MR=).
(2) Marginal tt OL) carve, hota et tha marginal
Nevrenne (R) curve Prom Welow jathe cate $
Weno poly The firm aHatns Mquihokriim sate SHG
R= Mc_
ys @& Pirie Determinction Ausing Mowkeb period |
According Marshall, market pesiod fe foo _choct
Period bo increase Re Copply. Me market period es
Gmureane 16 S0 Chorl— that” empply of the Commodily
4S Lanta te enisting stocle .
J
x
a Auankity Demanded and enpplied
Ly the rove biqure Mo fs monet. peméd supphy
curve which Ce perfectly inelastic 0, D) iC be ovgived
dewowd carve. Te “pghy Of te Commodily availalde
1M Wk moeer jo 0M TS enpeig is a ttked vomit
oO any parFatay day in The market
Te equilibrium price is of Now defus assume
| ea the demand ty the commo dtty InCranse On
| te day loylia shite * le demanR curve te DD.
Sinee tre So4ply of He Commodils Counot be ‘increasep
Temeaiathy Us price qo op G 06 Ty te price d
He lommodily vives wth Me vise th demand , Duvivg 2
Wr movker peried te demand force is Mone imperdot
fhe tre supply force be iaflacnce tee equ libra pie.
Dre 2s incweage th demon’ bike oriyindd maleok
puted eguilibiium E) cltigt Le new egy Mi tovinmy Ex,
0) Price ~ outa” Dete rm nation Anuring shock pened.
slat peyiod jc nat Loo Long peried fe Instat! heeo
Capital egripmenls. De js also wet Sub crete period
te permit the new tiems te enter the indactry
fncreage Hie S~pply af thi Commodity in te market
AS a weswlk Ji We cork firind Sayplg of a
Commodity, will Ge Yelodivell lew elastic. ”
h ms
Aon tis, Demanded md supple
Fig; Price defermiralion Auring att - period. Ker Prive ~ opt Determinstion Ji the Log -poved
Wa Long periet fs suf qicietty Log © enalde to
Sapphy ty ve increased & meet Increate Ih dowand.
Tate Leng period te evishng podeel firme in Be
Industry com allen thebr proda chon capi dl Even ned
firms mow alco onlur to Thushy goby Tnereas ing
production and Bap ef te Commodity .
Try te bang van price TE velabivey qreeter cleat
tr WL Logerun price F te Commodity may be ghby
nr oy Umer Hon or egal te tea origihel murtet price
depending oP Werecsivg cots pdiminicivg CA OF
Consent cols reypeetaly,
Piice Unde Askemination wndew Monopoly
Oudew monopoly, ths average Yevenue Curve tora tiny
TS Atwnniard loping ere, 1 & Leetause ff the wonopelin
YeAnces the price 4 bu product, te quent te Aemanded
[Increase and vice vera. Ly mamopoly , Margins! tevenve|
Nis lebs Tay tha avemge revenue, Da offer warts the
margin) revenue curve Lies Lelow tha avenge sevenue|
cumea(Liee beled Wa avevane yevenne Carve)
be wenopelise alimys wane fa mmaxiniie (us
Lpréits . To achieve waximum prerk ,ff fs necesserg War | 21
te mouryire-t yevenve chonled be more tan To
wawrginod Cost
exceeds Marginal Cote Of lhe porte & where MR= MC |
Prgre will ke maximizes, Profi ts cuit Himat nich Th tke
| production Ts Cocknued bayore tus point. |
From fig - lectovo FE cam Coon thal tha clemondl covve
OY Avemge 1b vreprsentey by AK Marginal veenue cane
ley MR, avevose GRE by AC, vaangined Cat Carve lou
Me. OR fr Te equilibsim adpuiK, OF fs Win eguititviion
pee, Ae To Ws evens fF Aad BC if the avenge
profit CAR mins AC 10 Te Qyevase, profit).
Fig - Price - Oatpet Determingtion tr Monopoly
He com Continue te sell as Lowg a the marginal Tevenue |
2%
Upto OB aarp, mR 6 qpreste thoy me awd beyauk
0g me fs [Tess than MC. Tareppre the mono potest
will be in equidibyinm ae op OR ule MR=mMc
Ord Pnfit on maxiowm OA is the conesponhing
Price to te oder lel Gr 0g. The weg temg le. ARC D
pepreseats Wa PT earned lay the rrenrop els fate
egies LF um Porhey jy We cut sun
Fete ope Aehermined undiy mono-poly Ty thee
dong Yum maneets The Long sun fe Safpiciently a
Loong, period for tre mmopelar $5 adjutr “ta plow |
Sie or fe te Th existing plan af camy Level thot
| Mayiwi@s UR PRA, Sine ore fr mo enbry of oudide,
time, i te Uawnopely vworkel; Were £0 ue conpitiim,
S |
2 ume |
P* |
LAC
he
By
ho |
a wh
hawt Du he obsence of comgetitvon (the wana lisle Can |
kyrera bo produce ove ae sub-optimal cole
Car wernt te vuonopeliS- read co produce obple
aD wb optivel Sole. Tow Gore the wranopolc si
need vetrech the uninimam pein of the LAC os the
Wanker ce Aout at permit & eopaud ondpul- £5
preduee Jeet the mrininam Cost pew wit (LAC.
Uweven , Uae aoropelis wold not SBy Sythe Lusinest
Tk he makes loses fa the aseg peed. He
eo cecure Super nome} prope even athe fowg. perl
as ta embry Of onbride fimic Uncle.
Prune copleint ta Leg -pevind egitim
aa Monspoly brn. Ga bi 1 ty Cguke rie) aby
E nolo emcoMR aud CMC Cure cna MR Cove)
rem Lelow . QP ic Ma eqdi bytum price and
OR js te eguakletium ober. Shite (ea pice pov)
uit (AR) QP B Grete Won Me cot pear unk
(racy Qu, He repress Te per uid saper
harmed profi
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