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Question Content Area Nuthatch Corporation began its operations on September 1 of the current...

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Accounting

Question Content Area

Nuthatch Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of businessSeptember, October, and Novemberare $233,000, $314,000, and $416,000, 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. $208,460

b. $250,152

c. $143,220

d. $175,840

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