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An invoice received included the following information: merchandise price, $5,100; terms 1/10, n/eom; FOB shipping point with prepaid freight of $414. Assuming that a credit
An invoice received included the following information: merchandise price, $5,100; terms 1/10, n/eom; FOB shipping point with prepaid freight of $414. Assuming that a credit for merchandise returned of $1,000 is granted prior to payment and that the invoice is paid within the discount period, what amount of cash should be paid by the buyer? a.$1,000 b.$5,459 c.$5,100 d.$4,473
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