A Sales Invoice Included the Following Information: Merchandise Price, $12,000;

question 103

Multiple Choice

A sales invoice included the following information: merchandise price, $12,000; terms 1/10, n/eom, FOB shipping point with prepaid freight of $900 added to the invoice. Assuming that a credit for merchandise returned of $500 is granted prior to payment and the invoice is paid within the discount period, what is the amount of cash that should be received by the seller?

• A) $12,285
• B) $11,500
• C) $10,480
• D) $11,385

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Definitions:

Mediator

A neutral third party who helps resolve disputes by facilitating dialogue between the conflicting parties without imposing a solution.

Policy Practice

The process of advocating for, implementing, and evaluating policies that influence the well-being of individuals and communities, especially within social work.

Powerless Groups

Communities or individuals who lack authority, representation, or influence within societal structures.

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A methodical process for identifying solutions to specific issues through analysis and decision-making strategies.