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Ratchet Manufacturing anticipates total sales for August, September, and October of $270,000, $245,000, and $255,500 respectively. Cash sales are normally 20% of total sales and
Ratchet Manufacturing anticipates total sales for August, September, and October of $270,000, $245,000, and $255,500 respectively. Cash sales are normally 20% 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
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Fundamental Accounting Principles Volume II
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
16th Canadian edition
978-1260305838
