Question
As a shareholder of a firm that is contemplating a new project, would you be more concerned with the accounting break-even point, the cash break-even
As a shareholder of a firm that is contemplating a new project, would you be more concerned with the accounting break-even point, the cash break-even point (the point at which operating cash flow is zero), or the financial break-even point? Why? Which break-even will reach first, next and last? Will this order always apply?
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International Finance For Non Financial Managers
Authors: Dora Hancock
1st Edition
0749480017, 9780749480011
