Devonshire, Inc. sold merchandise inventory on account at a price of $16,000 with payment terms of 1/10, n/30. The merchandise cost Devonshire $11,000. If the customer paid for the merchandise 5 days after receiving the invoice, how much cash was collected by Devonshire?

Asking for a claim is the same as asking for a settlement to a problem

Indicate whether the statement is true or false.

Examples of cross-holdings include:

I. Japanese keiretsu II. German Gruppe III. Australian foundations IV. Korean chaebol A) I, II, and IV B) I, II, and III C) I and IV D) All of the above are examples of cross-holdings.