On June 1, 2006, Meisner Corp

question 93

Multiple Choice

On June 1, 2006, Meisner Corp.sold merchandise with a list price of $15,000 to Metz on account.Meisner allowed trade discounts of 30 percent and 20 percent.Credit terms were 2/15, n/40 and the sale was made f.o.b.shipping point.Meisner prepaid $300 of delivery costs for Metz as an accommodation.On June 12, 2010, Meisner received from Metz a remittance in full payment amounting to

• A)$8,397.
• B)$8,532.
• C)$8,526.
• D)$8,232.

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Definitions:

Environmental Regulations

Laws and rules enforced by governments to regulate activities that impact the environment, aimed at reducing pollution and preserving natural resources.

Workplace Safety Regulations

Laws and guidelines designed to ensure the physical safety and health of employees within the workplace.

Education

The systematic process of facilitating learning, or the acquisition of knowledge, skills, values, and habits through various methods such as teaching, training, research, and discussion.

Production Techniques

Methods and processes used in the transformation of inputs into outputs or goods and services.