Use this information about Nuthatch Corporation to answer the question that follows. Nuthatch Corporation began its...
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Use this information about Nuthatch Corporation to answer the question that follows. Nuthatch Corporation began its operations on September 1 of the current year. Budgeted sales for the first 3 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. 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 September from accounts receivable are estimated to be Oa. $223,600 Ob. $182,000 Oc $145,600 $168,000 Use this information about Nuthatch Corporation to answer the question that follows. Nuthatch Corporation began its operations on September 1 of the current year. Budgeted sales for the first 3 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. 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 September from accounts receivable are estimated to be Oa. $223,600 Ob. $182,000 Oc $145,600 $168,000
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