Which of the following statements is true?
a. One advantage of the payback period is that it disregards the time value of money.
b. One of the assumptions of capital budgeting is that the longer it takes to recover the initial investment, the greater the project's risk.
c. The payback period can be measured only if the annual cash flows are equal .
d. The formula for computing payback period is:
Payback Period = Investment -salvage value/ annual cash inflow
b
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The law states that a lender must accept money in the repayment of debts. This means that money is a
A. unit of account. B. medium of exchange. C. facilitator of barter exchange. D. legal tender.
In a joint costing process, which of the following would not be a sunk cost?
a. direct material and direct labor that has already been spent. b. money that will be spent to further process an item beyond the split off point. c. direct labor and overhead that has already been spent. d. direct material and overhead that has already been spent.
A police officer must be certain beyond a reasonable doubt that a person has committed a crime
before that person can be arrested. Indicate whether the statement is true or false
________ is a specification that uses XML to organize and format Web-based content in a standard way.
A. Search engine optimization B. Podcasting C. Pop-up D. Really Simple Syndication E. Content aggregator