A Sales Invoice Included the Following Information: Merchandise Price, $4,500;

question 66

Multiple Choice

A sales invoice included the following information: merchandise price, $4,500; transportation, $300; terms 1/10, n/eom, FOB shipping point.Assuming that a credit for merchandise returned of $600 is granted prior to payment, that the transportation is prepaid by the seller, and that the invoice is paid within the discount period, what is the amount of cash received by the seller?

• A) $3,861
• B) $4,158
• C) $4,161
• D) $4,200

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Definitions:

Cultural Norms

Shared expectations and rules that guide behavior of people within social groups.

Male Dominance

A societal condition where men hold primary power and predominate in roles of political leadership, moral authority, social privilege, and control of property.

Intimate Partner Violence

Abuse or aggression that occurs in a romantic relationship, encompassing physical, sexual, emotional, or psychological harm by a current or former partner.

Men

Adult human males.