INTRO TO MANAGERIAL ACCT-CONNECT ACCESS
8th Edition
ISBN: 9781260118742
Author: BREWER
Publisher: MCG
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Chapter 12, Problem 7F15
Payback period:
It refers to the time length that is needed in order to recover the investment cost. The project that have long payback period should not be undertaken by the company. This is an important determinant which tells the company whether to undertake the project or not. It is computed by the following formula:
To determine
Project pay back period.
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Chapter 12 Solutions
INTRO TO MANAGERIAL ACCT-CONNECT ACCESS
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