A project's average net income divided by its average book value is referred to as the project's average:
A. net present value.
B. internal rate of return.
C. accounting return.
D. profitability index.
E. payback period.
Answer: C. accounting return.
You might also like to view...
Which one of the following transactions would result in the creation of a noncurrent deferred tax liability?
A) interest received on municipal bonds B) a contingent liability expensed in the current period that is expected to require a cash payment in three years C) royalties received in advance that are taxable when received, but that will be earned within the next three months D) using an accelerated depreciation method for income tax purposes and the straight-line method for financial reporting purposes
Which statement is correct if the null hypothesis for a one-way ANOVA is rejected?
A) The effect of the independent variable is significant. B) The mean value of the dependent variable will be the same for different categories of the independent variable. C) The independent variable does not have a significant effect on the dependent variable. D) Both B and C are correct.
Consider the following information: direct materials used totaled $124,700; direct labor amounted to $412,000; overhead was computed to be $789,600; Work in Process Inventory on March 1, 2014, was $482,500; and Work in Process Inventory on March 31, 2014, was $597,100. What was the cost of goods manufactured?
A) $1,211,700 B) $729,200 C) $1,440,900 D) $422,100
What category below is not part of the Acquired needs theory?
a. Need for achievement b. Need for affiliation c. Need for authority d. Need for power