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mariarad [96]
3 years ago
6

Garda purchased $610,000 of merchandise in August and expects to purchase $730,000 in September. Merchandise purchases are paid

as follows: 30% in the month of purchase and 70% in the following month. Compute cash payments for merchandise for September.
Business
1 answer:
Basile [38]3 years ago
8 0

Answer: $646,000

Explanation:

Cash payment for the month of September

August pmt = $610,000x 70%= $427,000

September pmt = $730,000 x 30%= $219,000

Total payment in September = $427,000 + $219,000 = $646,000

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