If You Are Calculating a Positive Future Value (Money Being

question 4

Multiple Choice

If you are calculating a positive future value (money being withdrawn from a bank, which is a positive cash flow) , your formula requires a negative ____.

• A) present value (pv)
• B) payment (pmt)
• C) present value (pv) and payment (pmt)
• D) any of the above

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Definitions:

Sales Returns

Transactions where a buyer returns previously purchased merchandise back to the seller, leading to a refund or credit.

Gross Sales

The total of all sales transactions before any deductions for returns, allowances, or discounts.

Sales Discounts

Reductions granted on the selling price of goods or services to encourage prompt payment by customers.

Sales Returns

Transactions where customers return previously purchased merchandise, leading to a refund or credit.