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

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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 business-September, October, and November-are $250,000, $305,000, and $427,000, 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. $135,800 b. $205,800 c. $246,960 d. $170,800

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