Given the limitations of the payback method, why do many businesses continue to use it?

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Management Accounting

ISBN: 9781760421144

7th Edition

Authors: Kim Langfield Smith, Helen Thorne, David Alan Smith, Ronald W. Hilton

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Question Posted: Nov 01, 2017 06:27 AM

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Given the limitations of the payback method, why do many businesses continue to use it?

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The payback method is used because 1 it is simple to calcu...View the full answer

Management Accounting

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