An invoice received included the following information: merchandise price, $8,800; terms 1/10, n/eom; FOB shipping point with prepaid freight of $508. Assuming that a credit for merchandise returned of $1,800 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. $9,215 b. $8,800 c. $1,800 d. $7,438

An invoice received included the following information: merchandise price, $8,800; terms 1/10, n/eom; FOB shipping point with prepaid freight of $508. Assuming that a credit for merchandise returned of $1,800 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. $9,215 b. $8,800 c. $1,800 d. $7,438