The payback period of a project that costs $1,000 initially and promises after-tax cash inflows of $3,000 each year for the next three years is 0.333 years
Indicate whether the statement is true or false
TRUE
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The null hypothesis for a correlation states that:
A) the population correlation coefficient is equal to zero. B) the population correlation coefficient is +1. C) the population correlation coefficient is -1 D) the population correlation coefficient is ±1. E) the population correlation coefficient is positive.
Which of the following descriptions is not a key priority to support the work of professional accountants in embedding sustainable practices?
a. Raising awareness and facilitating sharing and collaboration across the global accountancy community. b. Incorporating accounting for sustainability within professional training and education. c. Using traditional ways of thinking about organizational performance. d. Establishing an international integrated reporting committee to develop a new reporting model that will better reflect the interconnected impact of financial, environmental, social, and governance factors on the long-term performance and condition of an organization.
A balance sheet account with a credit balance requires a closing entry that debits that account, because a debit closing entry will result in a zero ending balance in the account
Indicate whether the statement is true or false
Allocating common fixed expenses to business segments:
A. ensures that all costs are covered. B. helps managers make good decisions. C. may cause managers to erroneously discontinue business segments. D. may cause managers to erroneously keep business segments that should be dropped.