Gbane Company
the Following Information Is from Gbane Company's Year

question 193

Multiple Choice

Gbane Company
The following information is from Gbane Company's Year 1 accounting records:
$$\begin{array} { l r } \text { Purchases } & \$ 218,400 \\\text { Transportation-in } & 13,200 \\\text { Inventory, January 1, Year 1 } & 31,800 \\\text { Inventory, December 31, Year 1 } & 34,560 \\\text { Purchase returns and allowances } & 10,080\end{array}$$
-Refer to the information provided in the figure Gbane Company.How much will the company report as net purchases for Year 1?

• A) $221,520
• B) $231,600
• C) $241,680
• D) $253,320

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Definitions:

Interval

A distinct, measurable distance between two points or objects, often referring to time or space.

Ratio

A mathematical expression that represents the relationship between two numbers, showing how many times one value contains or is contained within the other.

Interval Reinforcement

A conditioning schedule where a response is rewarded after a variable amount of time has passed, in behavioral psychology.

Schedule of Reinforcement

A strategy in behavioral psychology determining when and how often a response will be reinforced.