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Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger
Edition 6ISBN: 978-1305103962Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger
Edition 6ISBN: 978-1305103962 Exercise 2
The payback period suffers from which of the following deficiencies?
a. It is a rough measure of the uncertainty of future cash flows.
b. It helps control the risk of obsolescence.
c. It ignores the uncertainty of future cash flows.
d. It ignores the financial performance of a project beyond the payback period.
e. Both c and d.
a. It is a rough measure of the uncertainty of future cash flows.
b. It helps control the risk of obsolescence.
c. It ignores the uncertainty of future cash flows.
d. It ignores the financial performance of a project beyond the payback period.
e. Both c and d.
Explanation
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d. It ignores the financial performance ...
Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger
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