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Nuthatch Corporation began its operations on September 1 of the current year. Budgeted sales for...

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Accounting

Nuthatch Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of businessSeptember, October, and Novemberare $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

a. $145,600

b. $168,000

c. $223,600

d. $182,000

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