Economists Working for Uber,along with Economists from the University of Oxford

question 180

Multiple Choice

Economists working for Uber,along with economists from the University of Oxford and the University of Chicago,estimated the consumer surplus attributed to Uber.For the 4 largest U.S.markets,these economists estimated that the total consumer surplus from Uber in 2015 was

• A)almost $0.
• B)$13.30 per customer.
• C)$2.88 billion.
• D)6.76 billion.

Calculate the customer margin under the ABC system.

Understand how ABC information can assist in management decision-making regarding production, pricing, and customer profitability.

Understand the concept and purposes of activity-based costing (ABC).

Identify the stages of ABC and what each stage involves.

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Definitions:

Cash Over and Short

An account used to report the discrepancies between the actual amount of cash received and the expected amount in a cash transaction.

Count of Cash

The process of physically verifying the amount of cash on hand at a particular time.

Days' Sales Uncollected

A financial metric that estimates the average number of days a company takes to collect revenue after a sale has been made.

Liquidity of Receivables

The ease with which accounts receivable can be converted into cash, reflecting the company's efficiency in managing credit sales.