In 20B,Landings Inc

question 15

Multiple Choice

In 20B,Landings Inc.provided the following items in their footnotes.Its cost of goods available for sale was $6.2 billion under FIFO costing and its ending inventory value under FIFO costing was $2.1 billion.Its opening inventory was $2.5 billion.What was itspurchases?

• A)$3.7 billion
• B)$4.1 billion
• C)$4.6 billion
• D)$8.3 billion

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Definitions:

Escape Learning

A type of conditioning where the subject learns to perform a behavior in order to terminate or avoid an unpleasant stimulus.

Negative Reinforcement

A concept in behavioral psychology where the removal of an unfavorable outcome or stimulus strengthens the behavior that led to its removal.

Positive Reinforcement

A strategy in behavior modification that involves the addition of a rewarding stimulus following a desired behavior, with the aim of increasing that behavior.

Punishment

The imposition of a penalty or sanction on an individual or entity for violating rules, norms, or expectations.