Why are capital budgeting evaluation methods important? What are the typical capital budgeting techniques used by corporations? What would you use to evaluate a mutually exclusive project?

What is GAAP? Why is GAAP important? What is IFRS and where is it used? What are 3 differences between GAAP and IFRS?

What are examples of profitability ratios? Why are they important? Who might use them?

Discuss 2 evaluation techniques for capital budgeting, describe how to calculate them and the advantages and disadvantages of each method.

Would you be willing to pay $24,099 today in exchange for $100,000 in 30 years? What would be the key considerations in answering yes or no? Would your answer depend on who is making the promise to repay?