Use words that do not unnecessarily distinguish between __________________
a. time and space
b. male and female
c. races
d. socio-economic status
b
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An accountant's primary function is ________
A) the evaluation of the financial statements B) making decisions based on financial data C) the collection and presentation of financial data D) the planning of cash flows
Project A has an NPV of $20,000 and a PI of 1.2. Project B has an NPV of $10,000 and a PI of 1.3. Both projects have equal lives. Which project should be preferred if we are NOT concerned with capital rationing
(that is, we are NOT concerned with being short of funds)? A) We should prefer Project B since it has a higher PI. B) We should compute the EAA before we make any decision. C) We should prefer Project A since it has a higher NPV. D) We should prefer Project B if it has a higher IRR.