Which of the following decision rules is best defined as the amount of time it takes to pay back the initial investment?
A) internal rate of return (IRR)
B) profitability index
C) net present value (NPV)
D) payback period
Answer: D
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Indicate whether each of the following statements is true or false.Cost accumulation refers to identifying whether a particular cost is fixed or variable. Cost objects may be departments, sales territories, or individual products. Cost accumulation is not useful in a service-type business. An allocation rate has a cause-and-effect relationship with a cost object. Timeliness of managerial accounting information is more important than its precision.
What will be an ideal response?
Recent changes in the financial reporting environment include which of the following?
a. The adoption or planned adoption of IFRS, or standards based on IFRS, for financial reporting in over 100 countries. b. The willingness of the Securities and Exchange Commission in the United States to permit non-U.S. firms that list and trade their securities in the United States to report using IFRS without a reconciliation to U.S. GAAP. c. The requirement to measure certain assets and liabilities at fair value instead of acquisition cost, and in some cases, to include the changes in fair value in net income instead of other comprehensive income. d. The codification of U.S. GAAP into a single body of literature. e. all of the above
The area under the normal curve represents probability
Indicate whether this statement is true or false.
A posterior probability is a revised probability
Indicate whether the statement is true or false