Garda purchased $630,000 of merchandise in August and expects to purchase $780,000 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.

10 QS 22-26A Merchandising: Cash payments for merchandise LO P4 1.85 points Garda purchased $630,000 of merchandise in August and expects to purchase $780,000 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. eBook GARDA Hint Cash Payments for Merchandise (Budgeted) For Month Ended September 30 Cash payments for September purchases Cash payments for August purchases Total budgeted cash payments Print References