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Oliga [24]
4 years ago
11

Martinez Corp. purchased a delivery van with a $57000 list price. The company was given a $5400 cash discount by the dealer, and

paid $2600 sales tax. Annual insurance on the van is $1200. As a result of the purchase, by how much will Martinez Corp. increase its van account?
Business
1 answer:
WITCHER [35]4 years ago
5 0

Answer:

VAN = 51,600

Explanation:

57,000

-5,400 discounts

51,600

<em />

<u>Notes</u>

  • <em>The sales tax is part of the list price, it must be accounted for the seller part. not the buyer.</em>
  • <em>The insurance will be a prepaid insurance, not part of the van</em>
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