Define Benefit Cost Ratio or Profitability Index
Briefly describe the term Benefit Cost Ratio (or B/C Ratio) or Profitability Index (or PI)?
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Profitability index (or PI) is also named as profit investment ratio (or PIR) and as well named as value investment ratio (or VIR) that tells that a proposed project will have the ratio of induce to investment. It is like a tool that is employed for ranking projects and it permits quantifying the amount of value formed per unit of investment. If the value of profitability index is less than 1 then admit the project and if it is greater than one then refuse the project. Another way to compute the profitability index is prospect cash flows divided by the initial investment.
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The cornerstone of typical economic theory derived through the work of Jeremy Bentham was the perception of (i) the wages fund. (ii) natural checks on population. (iii) increasing cost. (iv) utility. (v) surplus value. Discover Q & A Leading Solution Library Avail More Than 1440555 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1942886 Asked 3,689 Active Tutors 1440555 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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