Which of the following is considered to be a deficiency of the IRR?
A) It fails to properly rank capital projects.
B) It could produce more than one rate of return.
C) It fails to utilize the time value of money.
D) It is not useful in accounting for risk in capital budgeting.
Answer: B
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___________ enables a firm to: identify its product(s), stimulate repeat sales, stimulate new product sales,
Fill in the blank(s) with the appropriate word(s).
The Stockholders' Equity section of the balance sheet of Sea Turtle Company reveals the following information: Common stock, $3 par value $150,000 Additional paidÂin capital—common 850,000 There have been two issues of stock since the corporation began business. The average issue price per share of stock was
a. $ 3.00. b. $17.00. c. $20.00. d. Not enough information to determine.