Which of the following is NOT a major strength of the IRR method of capital budgeting?
A) For straight forward projects of negative cash flows followed by positive cash flows, it is consistent with the NPV method of establishing if a project is acceptable or not.
B) The IRR method uses time value of money techniques.
C) The IRR cutoff interest rate is arbitrary.
D) The IRR considers opportunity costs.
C
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If the cost of going to the ATM in an economy is $1 and the nominal interest rate is 5 percent, someone who spends $10 each day and has the total cost of holding cash = (365/T) + T, has a ____ probability of having his cash lost or stolen. Assume that the individual visits the ATM once in every T days.
A. 5 percent B. 10 percent C. 15 percent D. 20 percent
Down-editing is not recommended when responding to e-mails because it adds to reading time and can seem rude
Indicate whether the statement is true or false
________ is the situation that occurs when employees work longer than the regular workday or workweek
Fill in the blanks with correct word
Cooper's Brakes, Inc., enters into a contract with Byron's Service to fix Cooper's hydraulic equipment. Byron delays the repair for five days, aware that Cooper loses a certain percentage of profit each day. An award to Cooper of consequential damages would
A. establish, as a matter of principle, that Byron acted wrongfully. B. provide Cooper with funds for a foreseeable loss beyond the contract. C. provide Cooper with funds for its loss of the bargain. D. punish Byron and set an example to deter others from similar acts.