A Sales Invoice Included the Following Information: Merchandise Price, $5,000;

question 45

Multiple Choice

A sales invoice included the following information: merchandise price, $5,000; terms 1/10, 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) $4,656
• B) $4,400
• C) $4,356
• D) $4,950

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