A Sales Invoice Included the Following Information: Merchandise Price, $12,000;

Multiple Choice

A sales invoice included the following information: merchandise price, $12,000; terms 1/10, n/eom; FOB shipping point with prepaid freight of $900 added to the invoice. Assuming that a credit for merchandise returned of $500 is granted prior to payment and that the invoice is paid within the discount period, what is the amount of cash that should be received by the seller?

A) $12,285
B) $11,500
C) $10,480
D) $11,385