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:

Downsizing Strategies

Plans and approaches deployed by organizations to reduce costs through workforce reductions, realignment, or restructuring.

Negative Impact

The adverse effects or harmful consequences resulting from a particular action or policy.

Organizational Objectives

The specific goals a company aims to achieve within a defined period, guiding its operations and strategic directions.

Strategic Objectives

Specific, measurable goals set by an organization to guide its direction and performance over a defined period, aligned with its overall mission and vision.