Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.
QUESTION
A sales invoice included the following information: merchandise price, RM12,000; transportation, RM500; terms 2/10, n/eom, FOB shipping point.
- A sales invoice included the following information: merchandise price, RM12,000; transportation, RM500; terms 2/10, n/eom, FOB shipping point. Assuming that a credit for merchandise returned of RM600 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?
