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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