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A sales invoice included the following information: merchandise price, $1,600; terms 1/10, n/eom; FOB shipping point wit
Posted: Wed Jul 06, 2022 5:54 am
by answerhappygod
- A Sales Invoice Included The Following Information Merchandise Price 1 600 Terms 1 10 N Eom Fob Shipping Point Wit 1 (12.05 KiB) Viewed 15 times
A sales invoice included the following information: merchandise price, $1,600; terms 1/10, n/eom; FOB shipping point with prepaid freight of $450 added to the invoice. Assuming that a credit for merchandise returned of $300 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? Oa. $300 Qb. $1.737 Oc. $2,030 Od. $1.600