Ratchet Manufacturing Anticipates Total Sales for August,September,and October of $200,000,$210,000,and
Multiple Choice
Ratchet Manufacturing anticipates total sales for August,September,and October of $200,000,$210,000,and $220,500 respectively.Cash sales are normally 25% of total sales and the remaining sales are on credit.All credit sales are collected in the first month after the sale.Compute the amount of cash received for September.
A) $150,000.
B) $202,500.
C) $157,500.
D) $102,500.
E) $307,500.
Correct Answer:
Verified
Correct Answer:
Verified
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