Find the net amount due after merchandise has been returned on the following if paid within the discount period. Invoice amount: $5,685.00; terms: 2/10, n/30; cost of returned merchandise: $582.00
a. $5,230.50
b. $5,100.85
c. $5,000.94
d. $5,499.25
c
Business
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Brokers Andrews and Benson both have an open listing on a property. Broker Andrews showed the property to a prospective buyer and carried on negotiations, but the buyer decided not to buy. Two weeks later, Broker Benson contacted the same buyer and arranged a sale of the property. The seller would be obligated to pay a commission as follows:
A: Full amount to both Brokers Andrews and Benson; B: Full amount to Benson only; C: Fifty percent each to Brokers Andrews and Benson; D: Full amount to Broker Andrews who will have to settle with Broker Benson.
Business
Net profit margin is defined as net profits divided by total ________
A) inventory value B) sales C) depreciation D) costs
Business