Which one of the following analytical methods is based on net income?
A. Profitability index
B. Internal rate of return
C. Average accounting return
D. Modified internal rate of return
E. Payback
Ans: C. Average accounting return
Business
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Indicate whether the statement is true or false
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Which of the following must be recorded in order to be valid between the debtor and creditor?
A) Mortgage B) Deed of trust C) Both a deed of trust and a mortgage D) Neither a deed of trust nor a mortgage
Business