A Sales Invoice Included the Following Information: Merchandise Price, $10,000;

question 175

Multiple Choice

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

• A) $10,305
• B) $9,500
• C) $9,306
• D) $9,900

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Definitions:

Temporary Assignments

Work tasks or projects assigned to an individual or group for a limited period of time, often to cover gaps or provide additional support.

Work History

A record of an individual's past employment experiences, including job titles and durations of employment.

Frequent Job Changes

Refers to a pattern where an individual changes jobs more often than what is traditionally considered normal, potentially indicating adaptability or restlessness in their career path.

Action Verbs

Words that express specific, measurable activities or tasks, often used to add clarity and dynamism to written or verbal communication.