The Advantage Clipper Ships Had Over Traditional Merchant Vessels Was

question 19

Multiple Choice

The advantage clipper ships had over traditional merchant vessels was their

• A)greater cargo space.
• B)speed.
• C)ability to carry more passengers.
• D)ability to sail upriver.
• E)durability.

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Definitions:

Cash Payback

A capital budgeting technique that calculates the period required for an investment to generate cash flows sufficient to recover its initial cost.

Automatic Insertion Machine

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Accountant

A professional who performs accounting functions such as audits or financial statement analysis.

Present Value Factors

Numeric factors used to calculate the present value of future cash flows, taking into account a specific discount rate.