Indicate How Each of the Following Would Be Reflected in the Journal

question 70

Essay

Indicate how each of the following would be reflected in the journal entry required to record the effects described by using debit or credit to indicate the increase or decrease in each affected account.

Differentiate between various interviewing techniques and their impact on rapport building and information gathering.

Understand the difference between breadth and depth of assessment in psychological examinations.

Distinguish between mood and affect within clinical assessments.

Recognize appropriate length and structure of psychological assessment reports.

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Definitions:

Internal Rate

Often referred to as the internal rate of return (IRR), it is the discount rate that makes the net present value (NPV) of all cash flows from a particular project zero.

Net Present Value

A financial metric used to evaluate the profitability of an investment or project, calculated by subtracting the present value of cash outflows from the present value of cash inflows over a period of time.

Payback Period

The amount of time it takes for an investment to generate cash flows sufficient to recover its initial cost.

Cash Receipts

Money received by a business during a given period, from operations, investments, and financing.