A Sales Invoice Included the Following Information: Merchandise Price, $6,000;

question 152

Multiple Choice

A sales invoice included the following information: merchandise price, $6,000; terms 2/10, n/eom.Assuming that a credit for merchandise returned of $600 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) $5,880
• B) $5,292
• C) $5,586
• D) $5,592

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Definitions:

Slender Profile

A description typically used to denote something or someone that is gracefully thin or narrow in shape or design.

Homeostasis

The ability of an organism or environment to maintain stability and equilibrium by regulating internal conditions.

Achievement Motivation

The drive to pursue and attain goals, often pushing individuals to succeed in education, work, and other areas of life.

McClelland

David McClelland, a psychologist known for his work on motivation, including the theory of Needs which focuses on the importance of achievement, power, and affiliation in driving human behavior.