Solution-What is the amount of cash received by the seller

What is the amount of cash received by the seller

Reference no: EM132742187

Question: A sales invoice included the following information: merchandise price, $8,000; transportation, $400; terms 2/10, n/eom, FOB shipping point. Assuming that a credit for merchandise returned of $800 is granted prior to payment, that the transportation is prepaid by the seller, and that the invoice is paid within the discount period, what is the amount of cash received by the seller?

Reference no: EM132742187

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What is the amount of cash received by the seller

Reference no: EM132742187

Reference no: EM132742187

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