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:

Trade

The exchange of goods, services, or both between two or more parties, either within the same country or internationally.

Textbook

A book containing comprehensive coverage of a subject, often used for academic study and instruction.

Marginal Utility

The supplementary satisfaction or value derived from the consumption of one more unit of a good or service.

Lobster Dinner

A meal featuring lobster as the main course, often considered a luxury or special occasion dish.