In the opening vignette, Midwest ISO used optimization ________ in their problem solving

The ending Merchandise Inventory for the current accounting period is understated by $2,700. What effect will this error have on Cost of Goods Sold and Net Income for the current accounting period?

A) Cost of Goods Sold Net Income Understated Understated B) Cost of Goods Sold Net Income Overstated Overstated C) Cost of Goods Sold Net Income Understated Overstated D) Cost of Goods Sold Net Income Overstated Understated

A negative net present value indicates that the

a. project is acceptable. b. wrong discount rate was used. c. project's annual rate of return exceeds the discount rate. d. present value of the cash inflows was less than the present value of the cash out flows.