The Initial Purchase Price of a New Stamp Press Is

question 47

Multiple Choice

The initial purchase price of a new stamp press is $6,000.The firm will spend $5,000 on shipping and installation.Training of new employees will cost $2,000.As a result of the purchase,inventory must increase $1,300.What is the net initial cash flow? Round your answer to the nearest dollar.Sign your cash flows negative for outflows and positive for inflows.

• A) $13,000
• B) -$13,000
• C) $14,300
• D) -$14,300
• E) $11,000

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Definitions:

Piaget

A Swiss psychologist known for his pioneering work in child development and his theory of cognitive development which explains how a child constructs a mental model of the world.

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Refers to an individual's collection of beliefs about themselves, including attributes, who and what the self is.

Early Adulthood

A phase of human development following adolescence, typically ranging from ages 20 to 40, characterized by increased independence and responsibility.

Teen Years

The period in a person's life ranging from ages 13 to 19, marking the transition from childhood to adulthood.