​You Are in a Boat 2 Miles from the Nearest

question 50

Multiple Choice

​You are in a boat 2 miles from the nearest point on the coast.You are to go to point Q located 3 miles down the coast and 1 mile inland (see figure) .You can row at a rate of 1 miles per hour and you can walk at a rate of 2 miles per hour.Toward what point on the coast should you row in order to reach point Q in the least time? ​ ​

• A) ​3 miles
• B) ​8 miles
• C) ​2 miles
• D) ​1 mile
• E) ​5 miles

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Definitions:

Diluted Earnings

Earnings per share calculated under the assumption that all convertible securities have been converted into common stock, providing a "worst case" scenario perspective on earnings per share.

Ownership Perspective

An approach or mindset focusing on the long-term benefits and responsibilities of owning an asset or investment.

GAAP

Generally Accepted Accounting Principles, a framework of accounting standards, principles, and procedures from which financial statements are prepared in the United States.

Cumulative

Pertaining to an aggregate or total amount added up over time, often used in context with dividends that are accumulated if not paid out.