What is meant by the term payback period? How is this criterion sometimes used in capital budgeting?

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Managerial Accounting Creating Value in a Dynamic Business Environment

ISBN: 978-1260417043

12th edition

Authors: Ronald Hilton, David Platt

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Question Posted: Oct 29, 2019 08:41 AM

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What is meant by the term payback period? How is this criterion sometimes used in capital budgeting?

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A projects payback period is the number of years required for the cash in...View the full answer

Managerial Accounting Creating Value in a Dynamic Business Environment

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