98.Return on average investment vs. discounting cash flowsThe computation of return on average investment ignores one characteristic of the earnings stream which is considered in discounting cash...

98.Return on average investment vs. discounting cash flows


The computation of return on average investment ignores one characteristic of the earnings stream which is considered in discounting cash flows. What is this characteristic? Why is it important?

99.Capital budget audit


Briefly discuss the reasons that a company's management would conduct a regular capital budget audit.