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Survey of Accounting (Accounting I)

8th Edition
Carl Warren
ISBN: 9781305961883

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Survey of Accounting (Accounting I)

8th Edition
Carl Warren
ISBN: 9781305961883
Textbook Problem

Discuss the principal limitations of the cash payback method for evaluating capital investmentproposals.

To determine

Concept Introduction:

Payback Period:

The Payback period is the time period in which the project recovers its initial cost.

To Indicate:

The principal limitations of cash payback method in evaluating the capital investment proposals

Explanation

The Payback period is the time period in which the project recovers its initial cost.

The principal limitations of cash payback method in evaluating the capital investment proposals are as follows:

  • The cash payback method assumes the even cash flows for the life of the project...

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