Firms are sometimes motivated to enter new markets because of unfavorable conditions in the home market, such as regulation or declining local industry sales

In a complete CAFR, the total column in the combining statements will be the same as the ______ _______ column in the basic financial statements.

Fill in the blank(s) with the appropriate word(s).

The major advantage provided by the profitability index is it:

A) eliminates the need to estimate the firm's cost of capital. B) reduces the forecast error of cash flow estimates. C) provides a better measure of the effects of a project on shareholder wealth than NPV. D) is useful as an aid in raking projects from best to worst. E) is easier to calculate than NPV.