What is a weakness of the cash payback approach? (a) It uses accrual-based accounting numbers. (b) It
Question:
What is a weakness of the cash payback approach?
(a) It uses accrual-based accounting numbers.
(b) It ignores the time value of money.
(c) It ignores the useful life of alternative projects.
(d) Both
(b) and
(c) are true.
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Related Book For 
Accounting Tools For Business Decision Making
ISBN: 9781118771112
5th Edition
Authors: Kimmel, Wetlands, Kieso
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