contestada

A sales invoice included the following information: merchandise price, $4,500; transportation, $300; terms 1/10; free on board (FOB) shipping point. Assuming that a credit for merchandise returned of $600 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?
A) $3,366
B) $3,400
C) $3,666
D) $3,950

Respuesta :

Answer:

Cash received = $4161

Explanation:

given data

merchandise price =  $4,500

transportation=  $300

returned = $600

to find out

amount of cash received by seller

solution

we know here that free on board shipping point

so buyer to pay the shipping charge that is paid by seller

it is also add in invoice  and Cash discount not applicable on transport cost

so

Cash received by seller  is

Cash received = (4,500 - 600) × 99% + 300

Cash received = 3861 + 300

Cash received = $4161

Otras preguntas