According to GAAP, a lease where the present value of the minimum lease payments is substantially all of the fair value of the asset must be capitalized.

Warehouses reduce large product shipments into smaller ones more suitable for individual retailers. This process is called ________

A) creating assortments B) breaking bulk C) third-party logistics D) order processing E) inventory control

The advantages of NPV are all of the following EXCEPT

A) it recognizes the timing of the benefits resulting from the project. B) it can be used as a rough screening device to eliminate those projects whose returns do not materialize until later years. C) it allows the comparison of benefits and costs in a logical manner through the use of time value of money principles. D) it provides the amount by which positive NPV projects will increase the value of the firm.