A Company Purchased $10,000 of Merchandise on June 15 with Terms

question 6

Multiple Choice

A company purchased $10,000 of merchandise on June 15 with terms of 3/10, n/45, and FOB shipping point. The freight charge of $500 was paid by the seller and added to the sales invoice. On June 20, the company returned $800 of the merchandise. On June 24, it paid the balance owed for the merchandise taking any discount it is entitled to. The cash paid on June 24 equals:

• A)$9,224.
• B)$10,200.
• C)$10,500.
• D)$10,300.
• E)$9,424.

---

Definitions:

Experience

The knowledge or skill acquired by a person through direct involvement in or exposure to events or activities.

Neuroscience

The scientific study of the nervous system, aiming to understand the biological basis of behavior, thought, and emotion.

Hormone Levels

Refers to the quantity or concentration of hormones present in the bloodstream, which can influence a wide range of physiological activities.

Sexual Motivation

The biological, emotional, cognitive, or social forces that compel individuals to engage in sexual behaviors and experiences.