Use the Chart Provided Below to Determine the Impact If

question 135

Essay

Use the chart provided below to determine the impact if a company forgets to include $3,500 of inventory that was shipped FOB shipping point on December 15, 2013 but was still in transit at year end. The purchase invoice was received before year end and appropriately included in the purchases and accounts payable.

Apply correct discount factors to cash flows based on project life and discount rate.

Make investment decisions based on calculated NPV, payback period, and simple rate of return values.

Forecast future cash inflows and outflows associated with investment projects.

Understand the implication of salvage value and additional working capital requirements on the overall investment decision.

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Definitions:

Generalization

The process of extending the application of a response to stimuli that are similar to the conditioned stimulus in classical conditioning.

Reinforced Behavior

Behavior that is strengthened or made more likely to occur in the future due to the consequence of a reinforcement.

Different Situation

refers to a divergent or distinct condition, circumstance, or context from what is considered normal or usual.

Primary Reinforcer

A stimulus that is naturally rewarding and satisfying, and requires no learning to become desirable, such as food or water.