Question
1. Cash that must be invested in short-term net assets (working capital) over the life of a project will be considered an outflow at the
1.
Cash that must be invested in short-term net assets (working capital) over the life of a project will be considered an outflow at the beginning of the project and as an inflow at the end of the project.
| a. True | ||
| b. False |
Which evaluation tool, ROI or residual income, might be best for comparing the performance of one manager to that of another manager?
| a. ROI | ||
| b. Residual income |
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Introduction To Financial Accounting
Authors: Anne Marie Ward, Andrew Thomas
7th edition
77138449, 978-0077132682, 77132688, 978-0077138448
