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Ratchet Manufacturing anticipates total sales for August, September, and October of $ 4 0 0 , 0 0 0 , $ 4 2 0 ,

Ratchet Manufacturing anticipates total sales for August,
September, and October of $400,000, $420,000, and $441,000,
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.Multiple Choice$615,000.$405,000.$300,000.$315,000.$205,000.

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