When faced with comparable parameters, personal interviews (versus other approaches to data collection) tend to be the most expensive form of data collection

Well Water Inc. wants to produce and sell a new flavored water. In order to penetrate the market, the product will have to sell at $2.00 per 12 oz. bottle. The following data has been collected:

Annual sales 50,000 bottles Projected selling and administrative costs $8,000 Desired profit $70,000 The target cost per bottle is a) $0.60. b) $0.16. c) $0.40. d) $0.44.

Many financial managers believe the payback period is of limited usefulness because it ignores the

time value of money; hence, it is referred to as the discounted payback period. Indicate whether the statement is true or false