A Sales Invoice Included the Following Information: Merchandise Price, $8,000;

question 21

Multiple Choice

A sales invoice included the following information: merchandise price, $8,000; terms 2/10, n/eom.Assuming that a credit for merchandise returned of $1,000 is granted prior to payment, and that the invoice is paid within the discount period, what is the amount of cash received by the seller?

• A) $6,840
• B) $7,000
• C) $6,860
• D) $7,840

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Definitions:

English Language

A West Germanic language that originated from Anglo-Frisian dialects brought to Britain in the mid-5th to 7th centuries AD and is now globally spoken.

Variations

Differences or deviations in characteristics, form, or structure within a population or between individuals or groups.

Phonemes

The smallest unit of sound in a language that can differentiate one word from another.

Morphemes

Are the smallest grammatical units in a language that carry meaning, including words, prefixes, and suffixes.