A company purchased $11,500 of merchandise on June 15 with terms of 2/10, n/45, and FOB shipping point. The freight charge, $1,250, was added to the invoice amount. On June 20, it returned $2,000 of that merchandise. On June 24, it paid the balance owed for the merchandise taking any discount it is entitled to. The cash paid on June 24 equals: Multiple Choice $10,560. $9,224. O $12,150. $12,250. O O O $12,750. A company purchases merchandise with a catalog price of $27,000. The company receives a 40% trade discount from the seller. The seller also offers credit terms of 1/10, n/30. Assuming no returns were made and that payment was made within the discount period, what is the net cost of the merchandise? Multiple Choice O O $10,800. O $10,962. O O $15,962 $15,962 O $16,200. $16,038. O