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Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger
Edition 6ISBN: 978-1305103962Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger
Edition 6ISBN: 978-1305103962 Exercise 63
An investment of $1,000 produces a net cash inflow of $500 in the first year and $750 in the second year. What is the payback period?
a. 1.67 years
b. 0.50 year
c. 2.00 years
d. 1.20 years
e. Cannot be determined.
a. 1.67 years
b. 0.50 year
c. 2.00 years
d. 1.20 years
e. Cannot be determined.
Explanation
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Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger
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