The accounting rate of return has one specific advantage not possessed by the payback period in that
Question:
The accounting rate of return has one specific advantage not possessed by the payback period in that it
a. considers the time value of money.
b. measures the value added by a project.
c. considers the profitability of a project beyond the payback period.
d. is more widely accepted by financial managers.
e. is always an accurate measure of profitability.
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Related Book For
Cornerstones of Managerial Accounting
ISBN: 978-0324660135
3rd Edition
Authors: Mowen, Hansen, Heitger
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