Describe the method of Payback Screening?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 7Q: What is the payback method used to determine?
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Describe the method of Payback Screening?

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The company has several investment opportunities. It is vital that you opt for the right investment option. Some methods and techniques are used to screen selection of the project. One such period is the payback period.

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