Wallace Company Provides the Following Data for Next Year

question 6

Multiple Choice

Wallace Company provides the following data for next year:

The gross profit rate is 35% of sales. Inventory at the end of December is $29,600 and target ending inventory levels are 10% of next month's sales, stated at cost.
What is the amount of purchases budgeted for January?

• A) $70,980
• B) $55,420
• C) $78,000
• D) $85,020

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Definitions:

Sequentially

Following a logical or arranged order, typically in a series or sequence.

Conditional Discrimination

A situation in which the availability of reinforcement to a particular stimulus depends upon the presence of a second stimulus.

Occasion-Setting Properties

Stimuli or contexts that signal the availability of reinforcement or punishment, influencing how an organism responds to other stimuli.

Conditioned Stimulus

A previously neutral stimulus that, after being associated with an unconditioned stimulus, begins to elicit a conditioned response.