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VMariaS [17]
3 years ago
5

Garza company had sales of $144,200, sales discounts of $2,175, and sales returns of $3,460. garza company's net sales equals:

Business
1 answer:
allsm [11]3 years ago
6 0
I would say that Garza company would have net sales of $138565 because the sales discounts of $2175 and the returns of $3460 would have to be subtracted from the total $144,200 to get the $138,565 actual net income to Garza. 
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Answer:

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Explanation:

To determine this, we employ the formula for calculating the Future Value (FV) of an Ordinary Annuity is used as follows:

FV = M * (((1 + r)^n - 1) / r) ................................. (1)

Where,

FV = Future value or the amount of the boat he wants = $341,400

M = Annual investment required = ?

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n = number of yeas = 6

Substituting the values into equation (1) and solve for M, we have:

$341,400 = M * (((1 + 0.12)^5 - 1) / 0.12)

$341,400 = M * 6.35284736

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M = $53,739.6824846741

Approximating to 2 decimal places, we have:

M = $53,739.68

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8 0
2 years ago
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rodikova [14]

Answer:

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