Question: Use the information below for Nuthatch Corporation to answer the question that follow. Nuthatch Corporation began its operations on September 1 of the current year.

  1. Use the information below for Nuthatch Corporation to answer the question that follow.

    Nuthatch Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of businessSeptember, October, and Novemberare $239,000, $309,000, and $422,000, respectively. The company expects to sell 30% of its merchandise for cash. Of sales on account, 80% are expected to be collected in the month of the sale and 20% in the month following the sale.

    The cash collections expected in October from accounts receivable are estimated to be

    a.$247,800

    b.$139,580

    c.$206,500

    d.$173,040

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