The internal rate of return (IRR) of a project that generates its largest cash flows in the early years of its life is more sensitive to changes in the firm's required rate of return than is the IRR of a project whose largest cash flows come later in life.
Answer the following statement true (T) or false (F)
False
The IRR computation does not require the firm's required rate of return. As a result, a project's IRR is not affected by a change in the firm's required rate of return. See 9-3: Comparison of the NPV and IRR Methods
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If Melissa decides to sell the best ice cream on earth, and intends to establish a strong ethical climate in her organization, during which phase of the strategic marketing planning process should she introduce ethical considerations?
A. ethics B. implementation C. planning D. experience E. control
The Fortune Company reported the following income for Year 2: Sales$133,000? Cost of goods sold 81,500? Gross margin$51,500? Selling and administrative expense 18,000? Operating income$33,500? Interest expense 5300? Income before taxes$28,200? Income tax expense 8460? Net income$19,740? What is the company's number of times interest is earned ratio?
A. 5.3 times B. 3.7 times C. 6.3 times D. None of these answers is correct.
Which of these is a noncontact or lower-contact culture?
A. Saudi Arabia B. England C. France D. Italy
Which of the following is a reason for the decline in the growth of newspaper advertising by retailers?
A. The depleting credibility of newspaper organizations B. The retailers have begun using other media C. The increasing cost of developing an advertisement for newspapers D. The decreasing market penetration of the newspaper industry E. The time taken to develop an advertisement for newspapers