A Sales Invoice Included the Following Information: Merchandise Price, $12,000;

question 173

Multiple Choice

A sales invoice included the following information: merchandise price, $12,000; terms 1/10, n/eom; FOB shipping point with prepaid freight of $900 added to the invoice. Assuming that a credit for merchandise returned of $500 is granted prior to payment and that the invoice is paid within the discount period, what is the amount of cash that should be received by the seller?

• A) $12,285
• B) $11,500
• C) $10,480
• D) $11,385

---

Definitions:

Photosynthetic Organisms

Organisms that are capable of photosynthesis, a process of converting light energy into chemical energy, primarily occurring in plants, algae, and certain bacteria.

Decomposers

Organisms, such as bacteria and fungi, that break down dead organic matter, recycling nutrients back into the ecosystem.

Biogeochemical Cycles

The cycles that involve the movement and transformation of chemicals and elements through biological organisms, geological processes, and chemical processes within ecosystems.

Climate

The long-term pattern of weather in a particular area, including temperature, humidity, wind, and rainfall.