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In the LORAN (LOng RAnge Navigation) radio navigation system, two radio stations located at A and B transmit simultaneous signals to a ship or an aircraft located at P. The onboard computer converts the time difference in receiving these signals into a distance difference , and this, according to the definition of a hyperbola, locates the ship or aircraft on one branch of a hyperbola (see the figure) . Suppose that station B is located L =
mi due east of station A on a coastline. A ship received the signal from B
microseconds (µs) before it received the signal from A. Assuming that radio signals travel at a speed of
ft /µs and if the ship is due north of B, how far off the coastline is the ship? Round your answer to the nearest mile.
Dilutive Potential
The possibility that the issuance of additional securities could decrease earnings per share or decrease an ownership interest.
After-tax Effect
The impact of taxes on a company's financial transactions, typically focusing on the net result after accounting for the taxation impact.
Accounting Policies
The distinct protocols, core principles, guidelines, directives, and procedures followed by a company for the preparation and presentation of its financial reports.
Retrospective Adjustment
An adjustment applied to the financial statements of prior periods to correct an error or to reflect a change in accounting policy as if that policy had always been applied.
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