Author Question: By measuring how quickly a firm recovers its initial investment, the payback period gives implicit ... (Read 75 times)

Tazate · **on:** Jul 10, 2018

By measuring how quickly a firm recovers its initial investment, the payback period gives implicit consideration to the time value of money and ignores the timing of cash flows.

Indicate whether the statement is true or false

Question 2

________ is one of the primary responsibilities of a financial manager.

A) Monitoring quarterly tax payments
B) Analyzing budget and performance reports
C) Determining the audit policy
D) Preparing income statements