Which capital budgeting method uses accrual accounting, rather than net cash flows, as a basis for calculations?
A) payback
B) accounting rate of return
C) net present value
D) internal rate of return
B
Business
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What was the first pension accounting standard?
a. FASB Interpretation 3 b. ARB 36 c. SFAS No. 87 d. ERISA
Business
Forecasts will __________ have some error between the forecasted values and the actual values
a. Not likely b. Likely c. Neither not likely nor likely d. Forecasts will be perfect predictions of the future
Business
________ ratios measure the ability of an organization to pay its short-term debts.
A. Profit B. Activity C. Liquidity D. Inventory turnover E. Leverage
Business
Ending inventory equals the cost of goods available for sale less beginning inventory
Indicate whether the statement is true or false
Business