All of the following are weaknesses of the payback period EXCEPT
A. a disregard for cash flows after the payback period.
B. only an implicit consideration of the timing of cash flows.
C. the difficulty of specifying the appropriate payback period.
D. it uses cash flows, not accounting profits.
Answer:D
All of the following are weaknesses of the payback period EXCEPT
A. a disregard for cash flows after the payback period. B. only an implicit consideration of the timing of cash flows. C. the difficulty of specifying the appropriate payback period. D. it uses cash flows, not accounting profits.