What is the payback period? Name and discuss three possible reasons that the payback period is used

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What is the payback period? Name and discuss three possible reasons that the payback period is used to help make capital investment decisions.

Payback Period
Payback period method is a traditional method/ approach of capital budgeting. It is the simple and widely used quantitative method of Investment evaluation. Payback period is typically used to evaluate projects or investments before undergoing them,...
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Cost Management Accounting and Control

ISBN: 978-0324559675

6th Edition

Authors: Don R. Hansen, Maryanne M. Mowen, Liming Guan

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