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A sales invoice included the following information: merchandise price, $5,000; freight, $900; terms 2/10, n/eom, FOB shipping point. Assuming that a credit for merchandise returned of $800 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?

Respuesta :

letmeanswer

5,016 is the amount of cash that should be received by the seller

Explanation:

Given ,

Merchandise price, $5,000

Freight, $900

Terms 2/10

Credit for merchandise returned of $800

Now , Calculate the amount of cash

(5,000-800)=4,200

(4,200*0.02)=84

(4,200-84)=4,116

(4,116+900)=5,016

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