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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Definitions:

Ethical Problems

Issues or situations that require a person or organization to choose between alternatives that must be evaluated as right (ethical) or wrong (unethical).

Ethical Decisions

Choices made based on moral principles and values.

Objective Standards

Criteria or benchmarks that are based on facts and are impartial, allowing for consistent and unbiased assessment or decision-making.

Subjective Impacts

Effects or consequences that are based on or influenced by personal feelings, tastes, or opinions rather than external facts.