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 august.

Cash received for August= $50,000

Explanation:

The sales below were given

August $200,000

September $210,000

October $220,500

The cash sales per month is 25% of total sales and the credit portion is carried over to the next month when cash is received.

As we are calculating cash inflow for August there is no carryover cash from previous month (August is the first month)

Cash received for August= 0.25* 200,000

Cash received for August= $50,000

The remaining sales is on credit 200,000-50,000= $150,000

And will be received in September.

a recipe serves 8 people, and calls for 5 lbs of apples and 2 cups of flour. you want to prepare it for 24 people. divide 24 by 8 to get 3, and then multiply your ingredients by 3.

so for 24 people, you'll need 15 lbs of apples, and 6 cups of flour.