If simple payback is not a good financial decision making criteria, why is it used so often?

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If simple payback is not a good financial decision making criteria, why is it used so often? Also discuss the good financial decision. Explain briefly

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Auditing Cases An Interactive Learning Approach

ISBN: 9780134421827

7th Edition

Authors: Mark S Beasley, Frank A. Buckless, Steven M. Glover, Douglas F Prawitt

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Posted Date: Mar 18, 2024 05:33 AM

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If simple payback is not a good financial decision making criteria, why is it used so often?

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Expert Answer:

Simple payback is a financial decisionmaking criteria that measures the time it takes to recover the initial investment in a project It is calculated by dividing the initial investment by the annual c... View the full answer

Auditing Cases An Interactive Learning Approach

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