Serene Corporation Had 17,000 Units of Brake Calipers on Hand

question 20

Multiple Choice

Serene Corporation had 17,000 units of brake calipers on hand at the end of 2016.The company's inventory policy was to maintain an ending inventory equal to 15% of the current year's sales.During 2016,Serene sold 210,000 units of calipers.How many units did Serene purchase in 2016?

• A) 224,500.
• B) 210,000.
• C) 196,150.
• D) 194,700.

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Definitions:

Retrieval

Retrieval in psychology refers to the process of accessing and bringing into consciousness information stored in memory.

Positive Transfer

The beneficial effect of prior learning on the acquisition of new skills or knowledge.

Retrieval Failure

The inability to recall information that is stored in long-term memory, often due to interference or lack of cues.

Embarrassed

A feeling of self-consciousness, shame, or awkwardness.