Which of the following statements is true of the internal rate of return??
A. ?It is the required rate of return to achieve value maximization.
B. ?It is the discount rate that equates the present value of the cash outflows (or costs) with the present value of the cash inflows.
C. ?It is the discount rate at which the net present value of a project is minimum.
D. ?It is the rate of return at which a project's payback period is shortest.
E. ?It is the discount rate to be used for a project with multiple cash outflows.
Answer: B
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The following information pertains to Grumpy Company's defined benefit pension plan:Pension asset as of 1/01/18 $ 4,000 2018 service cost $38,000 2018 interest cost $76,000 2018 prior service cost amortization $12,000 2018 expected return on plan assets $44,000 2018 plan asset contributions $80,000 Unamortized prior service cost as of 1/01/18 $48,000 Required: Calculate the pension expense for the year ended December 31, 2018.Prepare the journal entry to record the pension expense for the year ended December 31, 2018.
What will be an ideal response?
The auditor may discover evidence of lapping by preparing an interbank transfer schedule
a. True b. False Indicate whether the statement is true or false
Which statement about primary and secondary data is NOT true?
a. Because primary data is gathered at its source, it is more reliable than secondary data. b. Business researchers often consult secondary data sources before primary data sources. ? c. Census data acquired from the Bureau of the Census is an example of secondary data. d. Most business researchers rely on both primary and secondary data.
A . What is a fiduciary? b. What are the implications of an agent's fiduciary obligation? What is an agent prohibited from doing as a result of this obligation? Explain