Which of the following statements is CORRECT?
A. If a project has "normal" cash flows, then its MIRR must be positive.
B. If a project has "normal" cash flows, then it will have exactly two real IRRs.
C. The definition of "normal" cash flows is that the cash flow stream has one or more negative cash flows followed by a stream of positive cash flows and then one negative cash flow at the end of the project's life.
D. If a project has "normal" cash flows, then it can have only one real IRR, whereas a project with "nonnormal" cash flows might have more than one real IRR.
E. If a project has "normal" cash flows, then its IRR must be positive.
Answer: D
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Which of the following best represents fraud related to financial reporting?
a. The transfer agent issues 40,000 shares of the company's stock to a friend without authorization by the board of directors. b. The controller of the company decreases warranty expense by $3 million because the company will otherwise miss analysts' expectations this quarter. c. The in-house attorney receives payments from the French government for negotiating the development of a new plant in Paris. d. The accounts receivable clerk covers up the theft of cash receipts by writing off older receivables without authorization.
TFI is a fit measure used in SEM
Indicate whether the statement is true or false
Net income does not include
a. income taxes expense. b. discontinued operations. c. foreign currency translation adjustments. d. extraordinary gains and losses.
The scientific way in which an economy's resources are converted to output is part of the ________ environment.
A. competitive B. social C. technological D. political E. economic