Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a sales invoice included the following information

A sales invoice included the following information: merchandise price, $5,000; delivery expense, $300; terms 1/10,...

60.1K

Verified Solution

Question

Accounting

A sales invoice included the following information: merchandise price, $5,000; delivery expense, $300; terms 1/10, n/eom, FOB shipping point. Assuming that a credit for merchandise returned of $600 is granted prior to payment, that the delivery expense is paid by the buyer, and that the invoice is paid within the discount period, what is the amount of cash received by the seller

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

How stocks are traded in financial market?

Finance
Q

I need a box and it must adhere to the following: L+2W+2H<130, L<70, W<40, H<18. I'd...

Basic Math
Q

The equilibrium constant KC for the reaction below has a value of 2.80 x 10^2 at...

Chemistry
Q

8H2S(g)+4O2(g)→8H2O(g)+S8(g) Δ[H2S]/Δt = -0.012 M/s a)Find Δ[O2]/Δt. b)Find Δ[H2O]/Δt. c)Find Δ[S8]/Δt. d)Find the rate of the reaction.

Chemistry
Q

Consider an optical fiber that has a 200-μm core diameter and a 240-μm cladding diameter. (a)...

Physics
Q

6 There are four concentric shells A B C and D of radii a 2a...

Physics
Q

Final Exam Question 13 of 36 1 point Question Attempt 1 of 1 2 3...

Basic Math
Q

5 22 O Evaluating Trigonometric Functions Find the exact value of the trigonometric function at...

Calculus
Q

Capital Rationing JSU Industries manufactures plastic containers used to package a variety of liquid...

Accounting
Q

You are given the following information for Smashville, Inc. During the year, Smashville, Inc., had...

Accounting
Q

Auditing is a valuable skill in accounting and business, as the odds are very high...

Accounting
Q

Help help need to know how to calculate In 2023, Darcy...

Accounting