Multiple Choice
On January 15, Nifty Company sells merchandise on account to Martinez Associates for $5,000 with terms 3/10, n/30.On January 20, Martinez returns merchandise worth $1,000 to Nifty.On January 24, payment is received from Martinez for the balance due.What is the amount of cash received?
A) $4,000
B) $3,880
C) $3,850
D) $2,800
Correct Answer:
Verified
Correct Answer:
Verified
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