Surge pricing is a strategy utilized by ride-sharing companies such as Uber and Lyft to minimize the impact of service characteristics such as demand variability and supply fluctuations. These companies use an algorithm that identifies high demand areas and increases the prices of their services to incentivize more drivers to go to those areas and meet the demand.
By doing so, these companies can manage the limited availability of drivers during peak hours while providing customers with access to on-demand transportation services. Although surge pricing has been criticized for being too expensive during certain times, it remains a crucial strategy for ride-sharing companies to provide reliable and accessible transportation services to their customers. Surge pricing primarily addresses variability and perishability. It manages variability by adjusting prices according to supply and demand, ensuring that more drivers are available during high-demand periods. This reduces wait times and provides a consistent service experience for riders.
Additionally, surge pricing combats perishability, as unused service capacity (idle drivers) cannot be stored for later use. By increasing prices during peak times, it encourages riders to use the service when demand is lower, ultimately maximizing the utilization of available drivers and minimizing wasted resources.
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. Net present value is: A. equal to the initial investment in a project. B. equal to the present value of an investment's benefits. C. equal to zero when the discount rate used is the IRR. D. simplified by the fact that future cash flows are easy to estimate. E. equal to 1.0 when the discount rate and the IRR are equal
When a project's advantages surpass its costs, net present value is negative and equal to zero when the internal rate of return and discount rate are both the same. The correct answer is A. equal to the initial investment in a project.
Net present value (NPV) is the difference between the current worth of cash inflows and withdrawals over a period of time. In capital budgeting and investment planning, NPV is used to assess the profitability of a planned investment or project.
If the computed NPV is negative (0), the project is expected to cause the company to experience a net loss. As a result, the corporation shouldn't move through with the project in line with the law. In financial analysis, the internal rate of return (RR) is a statistic used to calculate the profitability of possible investments. IRR is a discount rate that, in a discounted cash flow analysis, reduces all cash flows' net present values (NPV) to zero. The internal rate of return (IRR), a statistic used in financial research, is used to determine the profitability of potential investments. IRR is a discount rate that brings all cash flows' net present values (NP) to zero in a discounted cash flow analysis.
Complete question:
. Net present value is multiple choice questions
A. equal to the initial investment in a project.
B. equal to the present value of an investment's benefits.
C. equal to zero when the discount rate used is the IRR.
D. simplified by the fact that future cash flows are easy to estimate
. E. equal to 1.0 when the discount rate and the IRR are equal.
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In 1983, a hardcover dictionary cost $145. 75. If the CPI is currently 209, what would a hardcover dictionary cost today? Round to the nearest cent. A. $354. 75 b. $304. 62 c. $254. 75 d. $209. 00 Please select the best answer from the choices provided A B C D.
Therefore, the best answer is B. $304.62, which is the rounded value of $306.06 to the nearest cent.
The Consumer Price Index (CPI) helps to calculate the inflation rate that is used to adjust the value of currency.
We can use the following formula to calculate the current cost of a hardcover dictionary:
New cost = (Cost at the old time * Current CPI) / CPI at the old time
Let's solve for the new cost of the hardcover dictionary:
New cost = (145.75 * 209) / 99.6
New cost = 306.06
So, the hardcover dictionary would cost approximately $306.06 today.
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Suppose that a firm begins to hire workers for a newly completed plant with a fixed amount of machinery. As the firm hires additional workers, one would expect the marginal product to
Answer: Rise initially, but eventually fall.
Explanation:
The increase in the workers brought would increase the marginal product; there would be increase in production based on the number of persons that were engaged but the marginal cost might eventually fall in the future because of human management and resilience from the workers that were brought
5) a macrohedge is a a) hedge of a particular asset or liability. b) hedge of an entire balance sheet. c) hedge using options. d) hedge without basis risk. e) hedge using futures on macroeconomic variables.
Out of the choices provided above, it can be concluded to state that a macrohedge is a hedge of an entire balance sheet. Therefore, the option B holds true.
A balance sheet can be referred to or considered as a statement, which used for the purpose of representation of the financial positions of an accounting firm as on any given date, as such. The balance sheet can also be created out of a hedge fund or a number of funds, as such. Moreover, a balance sheet also shows the profits and/or losses made by a company.
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Executive orders 12674 and 12731 form the foundation policy on the ethical conduct of Federal Employees
Answer: a. Making authorized commitments
Explanation:
Executive Orders 12674 and 12731 (which amended 12674) of 1989 and 1990 respectively, were signed by President Bush with the purpose of setting forth the principles of ethical conduct that were required of Federal Government Officers and Employees.
These principles were meant to ensure that government officials and employees abstained from Abuse of power whilst working in such a way as not to bring disrepute to the Federal Government.
All of the above are violations of the Order except option A which is stated in Part I Section 101 (f) of Executive Order 12674. It reads that, "Employees shall make no unauthorized statements..." thus insinuating that employees are allowed to make Authorized statements.
The options given are violations of these Executive Orders except A. Making authorized commitments.
It should be noted that executive orders 12674 and 12731 form the foundation policy on the ethical conduct of Federal Employees. They're simply used to guide the way that Federal workers behave.
The violations of the Acts include using public office for private gain, giving preferential treatment to any person or organization, and defrauding the government.
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Demand is likely to be most elastic for which of the following: Ground beef O Footwear O Bread O Concert tickets
Answer:
O Concert tickets
Explanation:
Elastic demand is the demand that is highly responsive to changes in prices. A small change in price causes the demand to change by a big proposition. When the demand is elastic, the change in demand is not propositional to changes in price.
Non-essential goods tend to have elastic goods. These are the goods that consumers can survive without. Demand for non-essential tends to decrease or increase in a big proposition when prices rise or fall by a small margin. From the list provided, concert tickets are non essential goods.
what must be given up to obtain an item is called a. out-of-pocket cost. b. comparative worth. c. absolute value. d. opportunity cost.
The cost given up to obtain an item is called opportunity cost. Option (d) is correct.
What do you mean by Absolute Value?Absolute value is a business valuation method that uses discounted cash flow analysis to determine the financial worth of a company.
The opportunity cost of a particular activity in microeconomic theory is the value or benefit given up by engaging in that activity in comparison to engaging in an alternative activity. More specifically, it means that if you choose one activity (for example, an investment), you are foregoing the opportunity to do something else. The optimal activity is the one that, net of opportunity costs, provides the highest return when compared to all other activities.
Therefore, Option (d) is correct.
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31. the delaware river joint toll bridge commission increased the toll on the bridges on route 22 and interstate 78 from new jersey to pennsylvania from $.75 to $1.25. use the information in the table to answer the questions. (assume that nothing other than the toll change occurred during the months that would affect consumer demand.) number of vehicles crossing the bridges month toll route 22 bridge november $.75 519,347 728,032 interstate 78 bridge december $1.25 433,699 656,267 a) calculate the price elasticity of demand for each bridge. b) the total revenue collected by the commission from these bridges in november was . the total revenue collected by the commission from these bridges in december was . how do your findings relate to your answers in part a?
The price elasticity of demand for the Route 22 Bridge is -1.055 for a), and the price elasticity of demand for the Interstate 78 Bridge is -0.862 for b)
Calculating the price elasticity of demand for each bridge.Using the formula for calculating price elasticity of demand,ε = (% change in quantity demanded) / (% change in price).The percentage change in the quantity demanded of the Route 22 Bridge would be:
\(\Delta Q/ Q1 = (728,032 - 519,347) / 519,347= 0.4\), or 40%.
The percentage change in the price of the Route 22 Bridge would be:
\(\Delta P/ P1 = (1.25 - 0.75) / 0.75= 0.667\), or 66.7%.
Therefore, the price elasticity of demand for the Route 22 Bridge would be:
\(\epsilon = (0.4 / 0.667) = -1.055\).
The percentage change in the quantity demanded of the Interstate 78 Bridge would be:
\(\Delta Q/ Q1 = (656,267 - 433,699) / 433,699= 0.512\), or 51.2%.
The percentage change in the price of the Interstate 78 Bridge would be:
\(\Delta P/ P1 = (1.25 - 0.75) / 0.75= 0.667\), or 66.7%.
Therefore, the price elasticity of demand for the Interstate 78 Bridge would be:
\(\epsilon = (0.512 / 0.667) = -0.862\).
Part b)Calculating the total revenue collected by the commission from these bridges in November and December.The total revenue collected by the commission from the bridges on Route 22 and Interstate 78 in November was:
\(TR = P * Q= 0.75 * (519,347 + 728,032)= $820,789.25\)
The total revenue collected by the commission from the bridges on Route 22 and Interstate 78 in December was:
\(TR = P * Q= 1.25 * (433,699 + 656,267)= $1,249,832.50\)
Findings in part a) The price elasticity of demand for the Route 22 Bridge and the Interstate 78 Bridge is negative. As a result, the bridges' total revenue should increase as a result of a price increase. Because the elasticity of demand for the Route 22 Bridge is more inelastic than that of the Interstate 78 Bridge, the Route 22 Bridge's total revenue increase was smaller than the Interstate 78 Bridge's total revenue increase.
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· Hope's contribution to her RETIREMENT plan...
a. is a post-tax contribution on which she pays federal income taxes
b. is pre-tax and therefore not included in federal income taxes
c. Is a contribution to her Social Security
d. is taxed at a rate of 15%
Based on Hope's check, her contribution to her RETIREMENT plan b. is pre-tax and therefore not included in federal income taxes.
What does the check say?The check notes that Hope's retirement contribution is not included in her federal taxable income.
This means that the contribution is paid pre-tax and will not be liable for federal income taxes. She will most probably pay taxes on the retirement fund when she withdraws from it.
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2. What are some banks, non-banks, technology and retail companies? Name 1 of each and explain what they are and what they do?
Banks are businesses that provide a range of financial services, such as mortgages, savings accounts, and loans. JPMorgan Chase, one of the biggest banks in the US, is an illustration of a bank. Financial services offered by JPMorgan Chase include banking, investing, and credit card services.
What are retail companies?Businesses that sell goods directly to customers are known as retail companies. Walmart, one of the biggest retailers in the world, is a good example of a retail business. Walmart runs a network of grocery stores, discount department stores, and hypermarkets and provides customers with a variety of goods and services.
Companies that provide financial services but lack a banking license are known as non-bank financial institutions. American Express, a provider of credit cards, debit cards, and other financial services, is one example of a non-bank financial institution.
Therefore, banks, non-banks, technology, and retail companies are stated above.
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Which economic effect does a central bank hope to achieve by buying back large amounts of treasury security
A. It hopes to reduce the amount of money available for lending.
Explanation:
Usually, the central bank(Federal reserve) control the supply of money in circulation in the economy so that the nation's economy would be healthy. One of the ways through which the federal reserve controls the quantity of money in circulation is by selling or purchasing of government securities through a process known as open market operation.
If the federal reserve sells government securities such as treasury bills, in large quantities, its aim is to reduce the amount or quantity of money available to commercial banks for lending, hence mop up the quantity of money in circulation.
Also, if the federal reserve buys government securities, its aim is to make more money available in large quantities to commercial banks and other institutions, hence have more cash to lend people.
The economic effect that central bank are trying to effect by the process of buying back large amounts of treasury security is bring reduction to amount of money available for lending.
Treasury notes as well as bonds are securities that brings about payment of fixed rate of interest which is usually done every six months till the security reach a stage of maturity.The central bank do buy large amounts of treasury security so that the money that can be available for lending can be reduced.Therefore, this process are put in place to balance the economy.
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who here from K12? (sorry for asking this question)
Answer:
Explanation:
Answer:
Not I.
Explanation:
This is just constructive criticism, but I don't recommend listing your school here.
Which of the following behaviors is likely to be considered unethical?
A) a manager hires a friend rather than a more qualified applicant
B) a manager underpays an employee, knowing that the employee can't afford to quit
C) company executives encourage employees to invest in company stock while withholding information about financial problems
D) an employee accepts a gift from a supplier in return for a large order
E) all of the above
Answer:
E) all of the above
Explanation:
Unethical behavior is engaging in activities that are considered wrong or improper in society. It entails indulging in behavior that goes against the expected code of conduct in a profession or the workplace. In short, unethical behavior is not doing the right thing.
In the list provided, none of the behaviors is correct or acceptable in the workplace. They are all unethical.
How do your parent(s) or guardian(s) and your own spending and saving habits
compare and contrast from one another? Write the similarities and differences.
Answer:
I spend more than them ngl lol dead
Explanation:
My parents are the ones who pay for the gas, bills, buying groceries, and other necessities using the money that they earn. I save all the money I earn from my job and seldom buy stuff compared to my parents. The few purchases I made were not necessary for me to survive, but I really wanted it. My parents and I always consider the price of something before we buy it so as to not waste money. Also, we always try to save up some of our money as well.
How do the instances when expansionary fiscal policy should be used compare with those for contractionary fiscal policy? (1 point)
Expansionary fiscal policy should be used to increase government revenue and contractionary fiscal policy should be
used to increase consumer spending.
Expansionary fiscal policy should be used to combat high inflation and contractionary fiscal policy should be used to
increase government revenue.
Expansionary fiscal policy should be used during recessions to help build the economy and contractionary fiscal
policy should be used when there is high inflation.
Expansionary fiscal policy should be used to decrease the unemployment rate and contractionary fiscal policy should
be used when economic growth is too fast.
The right option is that Expansionary fiscal policy should be used during recessions to help build the economy and contractionary fiscal policy should be used when there is high inflation.
How is expansionary fiscal policy compare to contractionary fiscal policy?Contractionary fiscal policy is known to be a policy that applies when the government taxes are said to be more than what they spends.
The Expansionary fiscal policy is known to be when the spending of the government is said to be more than the government taxes.
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I need to submit this today, can you help me?
What are Washington D.C.’s people eating habits?
What are some economic facts about Washington DC?
What are some facts about Washington DC?
Culture and customs of Washington DC?
Travel information (Dubai to Washington DC)?
Answer:
I'm sure they eat well. have u try looking it up on goggle first
What are the four key assumptions examined in specification analysis in the case of simple regression? A. Four key assumptions examined in specification analysis are 1. Linearity of relationship between the dependent variable and the independent variable within the relevant range. 2. Constant variance of residuals for all values of the independent variable. 3. Fixed costs are allocated as if they are variable. 4. The relationship between the cost driver and the cost is not stationary. B. Four key assumptions examined in specification analysis are 1. Independence of residuals. 2. Normal distribution of residuals. 3. Fixed costs are allocated as if they are variable. 4. The relationship between the cost driver and the cost is not stationary. C. Four key assumptions examined in specification analysis are 1. Linearity of relationship between the dependent variable and the independent variable within the relevant range. 2. Constant variance of residuals for all values of the independent variable. 3. Independence of residuals. 4. Normal distribution of residuals. D. None of the above are correct.
Answer:
C. 1. Linearity of relationship between the dependent variable and the independent variable within the relevant range. 2. Constant variance of residuals for all values of the independent variable. 3. Independence of residuals. 4. Normal distribution of residuals.
Explanation:
The four keys assumptions that are examined in the case of simple regression with respect to the specification analysis is given below:
1. There should be relationship between the dependent and independent variable and that should be linear and do not cross the relevant range
2, The residual variances of the independent variable would remain the same
3. Residual independence
4. Residual normal distribution
These four should be considered
Hence, the option c is correct
Exercise 8-7 At December 31, 2018, Concord Corporation Company had a credit balance of $18,800 in Allowance for Doubtful Accounts. During 2019, Concord Corporation wrote off accounts totaling $13,500. One of those accounts ($3,500) was later collected. At December 31, 2019, an aging schedule indicated that the balance in Allowance for Doubtful Accounts should be $30,700. Prepare journal entries to record the 2019 transactions of Concord Corporation Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Answer:
Dr Allowance $13,500
Cr Accounts Recivable $13,500
Dr Accounts Recivable $3,500
Cr Allow ance $3,500
Dr Cash $3,500
Cr Accounts Rec $3,500
Dr Bad Debts Expense $21,900
Cr Allowance $21,900
Explanation:
Preparation of the journal entries to record the 2019 transactions of Concord Corporation Company
Dr Allowance $13,500
Cr Accounts Recivable $13,500
(To record amount written off)
Dr Accounts Recivable $3,500
Cr Allow ance $3,500
(To reverse write-off)
Dr Cash $3,500
Cr Accounts Rec $3,500
(To record collection of writeoff)
Dr Bad Debts Expense $21,900
Cr Allowance $21,900
[$30,700-($18,800-$13,500+$3,500)]
what is the marginal cost of producing the fifth unit of output
Marginal cost is the additional cost incurred in producing an additional unit of a product or service. It is calculated as the change in total cost divided by the change in the total number of units produced.
In other words, it is the cost of producing one extra unit of output. The marginal cost of producing the fifth unit of output can be calculated by dividing the change in total cost by the change in output. For instance, let's say the total cost of producing 4 units of output is $100, and the total cost of producing 5 units of output is $120. The change in total cost is $20 ($120-$100), and the change in output is 1 unit (from 4 to 5 units). Therefore, the marginal cost of producing the fifth unit of output is $20/1 = $20.In this scenario, it costs $20 to produce the fifth unit of output. If the marginal cost is greater than the price that a firm can charge for the product, then it would not be profitable to produce additional units beyond that point. Conversely, if the marginal cost is less than the price, the firm can continue to produce more units and generate a profit.
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What does the phrase "like animals escaped from their caves" imply about the sun's impact on the children?
Which of the following statements about time-series forecasting is TRUE? It applies to strategic planning by predicting market growth rate. It only works with trend data patterns. It predicts the future outcome of the item of interest. It needs data on observations of an item of interest over time. It answers what should happen questions. It is a predictive analytics technique. It is a predictive analytics method.
The statement "It needs data on observations of an item of interest over time" is TRUE for time-series forecasting.
Time-series forecasting is a method used to predict future values or outcomes based on historical data points collected over time. It relies on analyzing patterns and trends within the data to make predictions. Therefore, it requires having data on observations of the item of interest recorded over a period of time. By analyzing the historical patterns and trends, time-series forecasting can provide insights into future outcomes or behaviors of the item being forecasted.
The other statements mentioned in the options may not necessarily hold true for time-series forecasting, making them incorrect.
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CAN SOMEONE PLS HELP ME!!
Aspirin is one of the most widely used drugs in the world. Although many companies make and sell aspirin, all aspirin is pretty much the same. Because aspirin is a drug, the government has some control over companies that make it.
Is this an example of perfect competition? Why or why not?
Answer:
Yes
Explanation:
Because multiple companies are fighting over who will buy theirs even thought there all the same plz mark me Bg brain
It is an example of perfect competition because the many companies are the involved they make and sell aspirin.
What is perfect competition?The competition of the market type is the perfect competition. Because there is less competition in the market, consumers have more options for products from various brands. The result is ultimately more competitive pricing and brings a cheaper product to the consumer.
The market is the based of the consumer demand and preferences. The perfect competition was the based of the so many brands are to exist in the market. The price are the increased the consumer are the shift to another goods and services. The example of the aspirin is drug in the world are the sell and make aspirin, the companies are the fighting to the sale in the market.
As a result, the example of the perfect competition.
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If all securities are fairly priced, all must offer equal expected rates of return.
The phrase would be correct if it were modified to say "expected risk adjusted returns." Securities all have the same risk adjusted expected return if priced fairly; however, actual results can and do vary. Unknown events cause certain securities to outperform others. This is not known in advance, so expectations are set by known information.
No, the initial statement that "if all securities are fairly priced, all must offer equal expected rates of return" is not entirely accurate.
The more accurate version would be to say "if all securities are fairly priced, all must offer equal expected risk-adjusted rates of return."
This is because the expected return of security needs to be adjusted for the level of risk it carries.
If all securities are priced fairly, then they should all offer the same expected return per unit of risk taken on by an investor.
However, it's important to note that actual returns can vary due to unknown events, causing certain securities to outperform or underperform others.
These unknown events cannot be predicted in advance, so expectations are set based on known information.
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to avoid a tone of egotism in a resume, _____.
To avoid a tone of egotism in a resume, it is important to focus on presenting yourself in a professional and objective manner. Rather than using language that comes across as boastful or self-promoting, use concrete examples and measurable achievements to demonstrate your skills and experience. Avoid using overly subjective or superlative language, such as describing yourself as "the best" or "the most talented." Instead, focus on specific accomplishments and contributions that highlight your strengths and abilities.
Additionally, consider seeking feedback from trusted colleagues or mentors to ensure that your resume presents you in the best possible light, without appearing overly self-important. Remember, the goal of a resume is to showcase your qualifications and experience, not to tout your own achievements in a way that may come across as arrogant or off-putting to potential employers.
To avoid a tone of egotism in a resume, focus on showcasing your achievements and skills in a balanced, objective manner. Highlight your accomplishments using clear and concise language, and emphasize teamwork and collaboration when discussing your experiences. This approach will demonstrate your value to potential employers without appearing self-centered or boastful.
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on a timeline, a milestone 14 years in the future will be to the ____ of a milestone 8 years in the future and to the ____ of a milestone 2 years in the future. left; left, right; left, right; right, left; right
Answer:
Right; Right
Explanation:
.
Which of the following decisions is most likely to create a temporary diseconomy of
scale? (Select the best answer.)
A)Buying supplies in bulk
B)Buying an expensive piece of machinery
C)Hiring employees who specialize
D)Using division of labor
Answer:
Buying an expensive piece of machinery
Explanation:
Which statement reports the changes in shareholders' equity during the period that were not a result of transactions by owners.
Answer:
the statement of comprehensive income
Explanation:
The statement of comprehensive income refers to a summary in which the net assets are to be recognized for a particular period of time. It shows the adjustments made to the equity that would be highlighted also. Plus the net income could be determined by preparing an income statement
Therefore in the given case, the changes that are made in the stockholder equity would be come under the comprehensive income statement and the same is to be considered
Faldo Corp sells on terms that allow customers 45 days to pay for merchandise. Its sales last year were $325,000, and its year-end receivables were $60,000. If its DSO is less than the 45-day credit period, then customers are paying on time. Otherwise, they are paying late. By how much are customers paying early or late? Base your answer on this equation: DSO - Credit Period = Days early or late, and use a 365-day year when calculating the DSO. A positive answer indicates late payments, while a negative answer indicates early payments.a. 21.27b. 22.38c. 23.50d. 24.68e. 25.91B
Answer:
22.38 days
Explanation:
Given the following:
Sales last year(credit sales) = 325000
Year-end receivables = 60000
To calculate the Days sales outstanding
Accounts receivable turnover ratio = Credit sales ÷ average accounts receivable
= (325,000 ÷ 60,000)
= 5.4166666667
Therefore,
(Number of days in year ÷ accounts receivable turnover ratio)
(365 ÷ 5.4166666667) =67.34
Days sales outstanding = 67.38461538days
Credit period = 45days
Difference = DSO - Credit period
Difference = (67.38461538 - 45) days =22.3846153days
=22.38 days
Comet Corporation began operations on January 1, 2018, with an investment of $300,000 by its stockholders. Net income for first yes of business was $92,000. During 2019 and 2020 , net income increased to $188,000 and to $217,000 respectively. Comelyaid $80,000 in dividends to stockholders in each of the three years. During 2020, the owners invested an additional $100,000 into the business. 7. Determine the ending value of Comet's Retained Earnings on December 31,2020 . $ 8. Determine the total amount of Comet's Stockholders' Equity on December 31,2020.$
To determine the ending value of Comet's Retained Earnings on December 31, 2020, we need to calculate the cumulative net income and subtract the cumulative dividends paid.
Cumulative net income = $92,000 + $188,000 + $217,000 = $497,000
Cumulative dividends paid = $80,000 x 3 = $240,000
Ending Retained Earnings on December 31, 2020 = Cumulative net income - Cumulative dividends paid
= $497,000 - $240,000
= $257,000
To determine the total amount of Comet's Stockholders' Equity on December 31, 2020, we need to add the ending value of Retained Earnings to the initial investment by stockholders.
Total Stockholders' Equity on December 31, 2020 = Initial investment + Ending Retained Earnings
= $300,000 + $257,000
= $557,000
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Which type of action is needed to prevent or minimize loss in an emergency?
Select one:
Immediate
Gradual
Prolonged
Sporadic
Immediate action is needed to prevent or minimize loss in an emergency. In such situations, time is of the essence, and taking swift, decisive steps can greatly reduce the potential for harm, damage, or further complications. Immediate action allows for a more effective response, which in turn helps to ensure the safety and well-being of those affected by the emergency.
An effective emergency response typically involves the following components: identification of the emergency, quick assessment of the situation, activation of relevant response plans, communication with relevant parties, and the actual execution of appropriate actions. Immediate action does not mean hasty or ill-considered actions; rather, it emphasizes the importance of promptly initiating the proper response to mitigate the negative consequences of an emergency.
Gradual, prolonged, and sporadic actions may not be sufficient in addressing the urgent nature of emergencies. These approaches could lead to increased loss, harm, or damage as they do not address the immediate needs presented by the emergency situation. In contrast, immediate action is crucial to effectively manage an emergency and minimize its potential impact on people, property, and the environment.
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