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