Intermediate Accounting

Q1. State whether the following are true / false( a) There is a standard required rate of return for all companies, regardless of the industry. b) Managers often rank investment opportunities by internal rate of return. c) There is a standard required rate of return for all companies, regardless of the industry. d) An advantage of using the payback method for evaluating long- term investments is that it considers the time value of money. e) In the planning phase of budgeting, managers evaluate the company's performance by comparing budgeted amounts to actual results