The appropriate capital budgeting decision rule is ________
A) to accept projects with an NPV greater than $0
B) to reject projects with an IRR greater than the required rate of return
C) to reject projects with an NPV greater than $0
D) to reject projects with an IRR greater than the required payback period
Answer: A
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Which of the following is true of survey research?
A) It is the most widely used method for gathering primary data. B) It is the most suitable method for establishing causal relationships. C) It is the best method to use when people are unwilling to answer questions. D) It is not suitable for collecting data for descriptive research. E) It is inflexible and cannot be used in many different situations.
A debit is used to record an increase in all of the following accounts except:
A. Dividends B. Prepaid Insurance C. Supplies D. Accounts Payable E. Cash
Which statement about an adjusted trial balance is true?
a. If the adjusted trial balance does not balance, then an error has been made. b. An adjusted trial balance is completed after completing the income statement. c. If an adjusting entry is omitted, the adjusted trial balance will not balance. d. The purpose of an adjusted trial balance is to ensure that all adjusting entries have been recorded.
A production lot size is scheduled when on-hand inventory falls ______.
A. to zero B. below safety stock C. below zero D. below safety stock or below zero