If in evaluating a proposal by use of the net present value method there is an excess of the present value of future cash inflows over the amount to be invested, the rate of return on the proposal exceeds the rate used in the analysis
Indicate whether the statement is true or false
True
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A polycentric orientation is diametrically different from an ethnocentric orientation
Indicate whether the statement is true or false
Which of the following compares the actual benefits from an investment with the estimated benefits, and the actual operating costs of the investment with estimated operating costs?
A) internal rate of return B) discounted returns C) post audit D) opportunity cost E) capital investment decision making
An effective executive summary should not
A) be written in the same writing style that is used for the report body. B) assume that the reader will also read the entire report. C) be more than 10% of the length of the report. D) be used if the reader is resistant to the recommendations. E) hint at the conclusions or recommendations shown in the report.
On October 12 of the prior year, a company determined that a customer's account receivable was uncollectible and that the account should be written off. Unexpectedly, on March 1 of the current year, the customer paid the account in full. Assuming the direct write-off method is used to account for bad debts, what effect will this recovery have on the company's net income and total assets?
A. No effect on net income; decrease in total assets. B. Decrease in net income; no effect on total assets. C. No effect on net income; no effect on total assets. D. Decrease in net income; decrease in total assets. E. Increase in net income; increase in total assets.