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) $102,500.
B) $307,500.
C) $150,000.
D) $157,500.
E) $202,500.
Correct Answer:
Verified
Correct Answer:
Verified
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