Pay-Back Method: Merits and Demerits | Capital Budgeting
Let us make an in-depth study of the merits and demerits of pay-back method. Merits of Pay-Back Method: The merits or advantages of Pay-back methods! (1) This method is Easy and Simple: Pay-back method is easy to calculate and simple to understand. Its quick computation makes it a favourable among executives who prefer snap answers. (2) Ranking of Projects: This [...]