Garda purchased $670,000 of merchandise in August and expects to purchase $750,000 in September. Merchandise purchases...
Garda purchased $670,000 of merchandise in August and expects to
purchase $750,000 in September. Merchandise purchases are paid as
follows: 15% in the month of purchase and 85% in the following
month.
Compute cash payments for merchandise for September.
Homework Answers
Cash payment more purchased in August=670000*85% =569500
Cash payment more purchased in september=750000*15% = 112500
Total cash payment for September =682,000
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cash payments for supplies purchases. Vernon Books’s suppliers
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