Payback does not consider the time value of money
Indicate whether the statement is true or false
TRUE
You might also like to view...
In the interbank market for foreign exchange, the ____ refers to the difference between the offer rate and the bid rate.
a. cross rate b. option c. arbitrage d. spread
Typically, you would expect general ledger updates for periodic adjusting entries to be fed to the GL/BR process by:
a. the controller b. the treasurer c. the chief executive officer (CEO) d. one of the AIS feeder systems
If an employee's regular hourly rate is $14.50 per hour, the time and one-half overtime rate will be $21.75
Indicate whether the statement is true or false
Mark bought a dining room set from Lyons Furniture Ltd. The contract stated that Mark was to pay $200 per month for 2 years
Lyons decided to sell Mark's contract to the Star Finance Co Mark was notified and he was very angry as he did not want to make payments to a finance company. As a result which of the following statements is FALSE? A) Mark must make the payments to Star B) Lyons made an assignment of its original contract to Star C) Mark's consent is not required for this transfer to Star D) Mark cannot sue Lyons for this change E) Lyons made a legal novation