The payback method is a screening device and is rarely used as the sole method for deciding whether to invest in an asset
Indicate whether the statement is true or false
TRUE
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Under GAAP, which of the following is NOT an acceptable method of estimating the amount of bad debt expense at the end of the accounting period?
A) percent-of-receivables B) percent-of-sales C) direct write-off D) aging-of-receivables
The role a journalist fulfills in working with or dealing with officials is that of an advocate
Indicate whether the statement is true or false
Which of the following statements regarding ways to improve cash flow is false?
a. Offer your customers discounts if they pay early. b. Even if you are not offered a discount for early payment, pay bills early as it will improve your credit rating. c. Keep inventory as small as possible. d. Use a lock box for cash receipts.
If the right-hand-side value of a binding constraint is increased by one unit, then the objective function will change in an amount equal to the value of the reduced cost
a. True b. False