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An involce received included the following information: merchandise price, $5,400; terms 1/10, n/eom; FoB shipping point with prepaid freight of $407. Assuming that a credit
An involce received included the following information: merchandise price, $5,400; terms 1/10, n/eom; FoB shipping point with prepaid freight of $407. Assuming that a credit for merchandise teturned of $1,100 is granted prior to payment and that the invoice is paid within the discount period, what amount of cash should be pald by the buyer? b. 34,644 b. 55,400 c. 51,100 d. 55.749
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