Devonshire, Inc. sold merchandise inventory on account at a price of $17,000 with payment terms of 2/10, n/30. The merchandise cost Devonshire $13,000. If the customer paid for the merchandise 5 days after receiving the invoice, how much cash was collected by Devonshire?

Roberto and reagan are both 25 percent owner/managers for bright light inc. roberto runs the retail store in sacramento, ca, and reagan runs the retail store in san francisco, ca. bright light inc. generated a $125,000 profit companywide made up of a $75,000 profit from the sacramento store, a ($25,000) loss from the san francisco store, and a combined $75,000 profit from the remaining stores. if bright light inc. is an s corporation, how much income will be allocated to roberto?