I NEED 2 PARAGRAPHS FOR THIS> TYPING SO I CAN COPY ITWhy is an...

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Accounting

I NEED 2 PARAGRAPHS FOR THIS> TYPING SO I CAN COPY IT
Why is an investment more attractive to management if it has ashorter payback period?
Identify two disadvantages of using the payback period forcomparing investments.

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Payback period is the time required for an investment to recover the cost of investment Which means the lenght of time by which project touches breakeven point and after which profit is generated Payback period is used as a technique for evaluation of an investment or operational project whether to to undertake the project See Answer

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In: AccountingI NEED 2 PARAGRAPHS FOR THIS> TYPING SO I CAN COPY ITWhy is an investment...I NEED 2 PARAGRAPHS FOR THIS> TYPING SO I CAN COPY ITWhy is an investment more attractive to management if it has ashorter payback period?Identify two disadvantages of using the payback period forcomparing investments.