A disadvantage of using the payback period to compare investment alternatives is that:
A. It cannot be used if a company records depreciation.
B. It includes the time value of money.
C. It cannot be used when cash flows are not uniform.
D. It ignores cash flows beyond the payback period.
E. It cannot be used to compare investments with different initial investments.
Answer: D
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Which of the following instruments is negotiable?
A. An instrument that provides, "Payment is subject to the terms of a contract dated November 20, 2009" B. A note that contains the statement, "This note is secured by a mortgage dated July 01, 2009" C. An instrument that reads, "I promise to pay to the order of Collin Corp. $550 sixty days after the delivery of my new refrigerator" D. A note that states, "I promise to pay Vlad $800 if he repairs my car"
The audit committee is responsible for all of the following except
a. engaging the company's independent auditors. b. assuring that reliable accounting records are kept. c. auditing the company's financial statements. d. ascertaining that the company safeguards its resources.
Each time you go to the grocery store and have your purchases scanned while using a loyalty or bonus reward card, you are contributing to a database that can help marketers determine all of the following except
A. other stores where you buy similar products. B. what kinds of promotions might be attractive to you. C. marketplace trends. D. what a typical shopping list looks like. E. whether changes in prices affect buying.
Ron offers to sell Pete his stamp collection. Pete gives Ron $10 to induce Pete into keeping his offer open for a week. If Ron decides on day four of the week that he really does not want to sell to Pete, he can revoke his offer without fear of a breach of contract lawsuit being filed against him
a. True b. False Indicate whether the statement is true or false