Trovato Corporation is considering a project that would require an investment of $48,000. No other cash outflows would be involved. The present value of the cash inflows would be $51,840. The profitability index of the project is closest to (Ignore income taxes.):
A. 1.08
B. 0.08
C. 0.92
D. 0.07
Answer: B
You might also like to view...
The United States was less open to international trade between
a. 1890 and 1910. b. 1930 and 1950. c. 1890 and 1950. d. 1950 and 2013.
Which of the following interviewer characteristics is described as "empathizes with a respondent and tailors the presentation accordingly"?
A) pride B) aptitude C) command D) third ear E) ethics
Fair value accounting attempts to make financial information more relevant to financial statement users, at the risk of greater subjectivity. What factors would you examine to evaluate the reliability of fair valued assets?
A report that provides a written description of how an organization can meet the needs of another organization by providing products, services, or solutions to problems is what kind of report?
a. Functional b. Proposal c. Internal d. Periodic