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.

Miller company’s most recent contribution format income statement is shown below: total per unit sales (20,000 units) $300,000 $15.00 variable expenses 180,000 9.00 contribution margin 120,000 $6.00 fixed expenses 70,000 net operating income $ 50,000 required: prepare a new contribution format income statement under each of the following conditions (consider each case independently): (do not round intermediate calculations. round your "per unit" answers to 2 decimal places.) 1. the number of units sold increases by 15%.