A company purchased $11,900 of merchandise on June 15 with terms of 2/10, n/45, and FOB shipping point. The freight charge, $1,450, was added to the invoice amount. On June 20, it returned $2,320 of that merchandise. On June 24, it paid the balance owed for the merchandise taking any discount it is entitled to. The cash paid on June 24 equals:

225x²+4=0

225x²=0-4

225x²=-4

x²=-4/225

x=±√-4/225

the answer is 13/48

step-by-step explanation:

what’s the question?

(a) {a₁, a₁r, a₁r², … a₁rⁿ⁻¹, …}

(b) $59 398

step-by-step explanation:

(a) the annual sequence of profits

aₙ = a₁rⁿ⁻¹

the model for the sequence of profits is {a₁, a₁r, a₁r², … a₁rⁿ⁻¹, …} .

(b) profit after 15 yr

  a₁ = $ 30 000

  r = 1.05

a₁₅ = 30 000 × 1.05¹⁴

a₁₅ = 30 000 × 1.979 93

a₁₅ = $59 398

the profit in year 15 will be $59 398.