The correct statements related to the internal rate of return (IRR) include : I. The IRR is equal to the required return which makes the net present value positive. II. An investment project with an IRR higher than its required return should be accepted III. The IRR method is a better method of analysis than the average accounting return from a financial point of view. IV. The IRR method does not always yield the same accept and reject decisions as the net present value method given mutually exclusive projects.

Last week paul, ceo of quality furniture in south carolina, traveled to europe to visit customers. while overseas, paul checked his e-mail daily and showed his company's website to customers, explaining how the website will them place orders and receive merchandise more quickly. after visiting the last customer friday morning, paul was able to return to the corporate office in south carolina to meet with his board of directors that night. is the "shrinking" of time and space with air travel and electronic media.

3. describe the purpose of the sec. (1-4 sentences. 2.0 points)

As related to a company completing the purchase to pay process, is there an accounting journal entry "behind the scenes" when xyz company pays for the goods within 10 days of the invoice (gross method is used for discounts and terms are 2/10 net 30) that updates the general ledger?