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28) Though many people find it counter-intuitive, joint costs are really only useful for A) Evaluating management by means of a responsibility accounting system B) Computing the inventory value for extemal reporting purposes C) Determining whether to sell or process a product further D) Setting in the selling price of a product 29) The main disadvantage of the physical units method of assigning value in inventory is that A) Inventory values may not make sense in terms of selling value B) The physical units are very difficult to measure C) Additional processing costs affect the allocation base D) Joint costs should not be separated on a per unit basis If were necessary to choose only one capital budgeting technique, which of the following would probably be most useful? A) Payback method B) Accounting rate of return C) Profitability index D) Return on investment 31) Which of the following would probably be the best choice for use as a discount rate for Net Present value computations? A) The internal rate of return for this project B) The Treasury bill rate before tax C) The prime borrowing rate after tax D) The weighted average cost of debt and equity used to finance the project 2) The internal rate of return method assumes that a project's cash flows are reinvested at the: A) payback rate of return. B) internal rate of return C) required rate of return. D)simple rate of return. 28) Though many people find it counter-intuitive, joint costs are really only useful for A) Evaluating management by means of a responsibility accounting system B) Computing the inventory value for extemal reporting purposes C) Determining whether to sell or process a product further D) Setting in the selling price of a product 29) The main disadvantage of the physical units method of assigning value in inventory is that A) Inventory values may not make sense in terms of selling value B) The physical units are very difficult to measure C) Additional processing costs affect the allocation base D) Joint costs should not be separated on a per unit basis If were necessary to choose only one capital budgeting technique, which of the following would probably be most useful? A) Payback method B) Accounting rate of return C) Profitability index D) Return on investment 31) Which of the following would probably be the best choice for use as a discount rate for Net Present value computations? A) The internal rate of return for this project B) The Treasury bill rate before tax C) The prime borrowing rate after tax D) The weighted average cost of debt and equity used to finance the project 2) The internal rate of return method assumes that a project's cash flows are reinvested at the: A) payback rate of return. B) internal rate of return C) required rate of return. D)simple rate of return

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