32. The payback method, which is widely used, has disadvantages, which include all of the following except: a. it doesn't consider the time value of money b. it favors investments with a quick return over those with the largest overall return c. it doesn't always provide a clear answer regarding whether one should invest in a particular opportunity d. it doesn't consider all of the benefits associated with a proposed investment or project 33. A trade discount is: a. a discount available after a designated purchase threshold has been met by a customer b. a discount based on the number of units ordered by a customer c. a discount offered to a credit customer to entice the customer to pay her bill early d. an amount deducted from the list price of an item when specific services are performed by a trade customer Page 6 of 10 34. An owner should perform in order to identify the nature and amount of any lost, damaged, or stolen inventory. a scheduled physical inventory counts b. surprise physical inventory counts c. surprise employee car searches d. both scheduled and surprise employee physical pat-downs 35. Note that a new product line or any new product or service being evaluated using breakeven analysis may have: a. indirect fixed costs b. indirect fixed costs or allocated fixed costs c. indirect fixed costs, allocated fixed costs, and both indirect and allocated fixed costs d. direct fixed costs, allocated fixed costs, both direct and allocated fixed costs, or neither type of fixed cost 36. Given that a business has an inventory tumover of 12, on average, the business sells - and has to replace - its inventory every days or so. a. 12 days b. 30 days c. 33 days d. 45 days