The chief limitation of the average rate of return is it ignores cash flows generated after the payback period. TRUE OR FALSE?

This is some of the notes I have over the average rate of return... not sure if this would be false or true...

Disadvantages: Ignores the time value of money (or opportunity cost of money) The simple rate of return is influenced by the size of the investment (a project may be very small, but have a very high rate of return)

When using the net present value method, if the net present value is positive, you accept the investment. TRUE OR FALSE?

If a firm can sell a product, but in order to sell that product the selling price will be less than its variable costs, then the sale should be made because at least the fixed costs will be covered. TRUE OR FALSE?