Which of the following can be deduced about a three-year investment project that has a two-year payback period?
A) Both the NPV is positive and the IRR is greater than the cost of capital can be deduced.
B) the IRR is greater than the cost of capital.
C) Neither the NPV is positive nor the IRR is greater than the cost of capital can be deduced.
D) the NPV is positive.
Answer: C) Neither the NPV is positive nor the IRR is greater than the cost of capital can be deduced.
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Which of the following statements is true about the pretrial litigation process?
A. To initiate a lawsuit, the plaintiff must file an appeal in the proper court. B. If the plaintiff does not answer a complaint, a default judgment is entered against him or her. C. A plaintiff files a cross-complaint against the defendant to seek damages. D. A default judgment establishes the defendant's liability.
Match the following terms with the appropriate definition.A. Accrual basis accountingB. Cash basis accountingC. Fiscal yearD. Interim financial statementsE. Depreciation F. Straight-line depreciationG. Time period assumptionH. Expense recognition (matching) principleI. Accrued revenues____ 1. Any 12 consecutive months or 52-week period that a company adopts for its annual reporting period.____ 2. A method that allocates equal amounts of an asset's cost (less any salvage value) to depreciation expense during its useful life.____ 3. Assumes that an organization's activities can be divided into specific time periods such as months, quarters, or years.____ 4. Aims to record expenses in the same accounting period as the revenues that are earned as a result of those expenses.____ 5. The
accounting system that uses the adjusting process to recognize revenues when earned and expenses when incurred.____ 6. The process of allocating the costs of long-term assets to the income statement over their expected useful lives.____ 7. Revenues earned in a period that are both unrecorded and not yet received in cash or other assets.____ 8. The accounting system that recognizes revenue when cash is received and records expenses when cash is paid.____ 9. A set of financial statements that covers less than one year, typically one, three, or six months of activity. What will be an ideal response?
Quality management systems and standards ______.
A. are standards made global through the International Organization for Standardization B. have the same technology or infrastructure requirements in different countries C. can be readily applied, without modification, across different countries D. can be challenging to transplant from one country to another because different cultures place different emphasis on quality
June, executrix of Calvin's estate, promised Mr. Wentworth in writing that she would personally pay one of Calvin's debts to Wentworth Co If June fails to pay, the written promise must be in existence at the time Wentworth Co initiates a lawsuit so the writing can be produced as evidence
a. True b. False Indicate whether the statement is true or false