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Cornerstones of Managerial Accounting 4th Edition by Maryanne Mowen, Don Hansen, Dan Heitger
Edition 4ISBN: 978-0324380767Cornerstones of Managerial Accounting 4th Edition by Maryanne Mowen, Don Hansen, Dan Heitger
Edition 4ISBN: 978-0324380767 Exercise 38
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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Pay-back period is the time required for...
Cornerstones of Managerial Accounting 4th Edition by Maryanne Mowen, Don Hansen, Dan Heitger
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