Nuthatch Corporation began its operations on September 1 of the current year. Budgeted sales for...
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Nuthatch Corporation began its 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. 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. 5262.400 b. 5246,400 c. 5294,500 d. $210,000
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