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Fudgin [204]
3 years ago
5

Garda purchased $530,000 of merchandise in August and expects to purchase $670,000 in September. Merchandise purchases are paid

as follows: 35% in the month of purchase and 65% in the following month. Compute cash payments for merchandise for September.
Business
1 answer:
pashok25 [27]3 years ago
3 0

Answer:

$579,000

Explanation:

The cash payment in September would be made of 35% purchases in September and 65% of the purchase made in August (the previous month).

Hence

Cash payment in September = (35% × $670,000) + (65% × $530,000)

= $579,000

the cash payment for September is $579,000

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Ajax Inc. is one of the customers of a well-known linen manufacturing company. Ajax has not ordered linen in some time, but when
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Explanation:

RFM analysis - recency, frequency, monetary

RFM analysis is used to analyze and rank customers according to their purchassing patterns.

RFM (recency, frequency, monetary) analysis is a behavior based technique used to segment customers by examining their transaction history such as

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