Nuthatch Corporation commenced operations on September 1 of the current year. Budgeted sales for the first three months of business (September, October, and November) are $260,000, $375,000, and $400,000, respectively. The company expects to sell 30% of its merchandise for cash. From sales on account, 80% is expected to be collected in the month of the sale and 20% in the month following the sale.

Expected November cash receipts from accounts receivable are projected to be ?

Answer rating: 100% (QA)

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