Use the information below for Nuthatch Corporation to answer the question that follow. Nuthatch Corporation...
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Accounting
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 businessSeptember, October, and Novemberare $247,000, $306,000, and $423,000, 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. $247,000 b. $296,400 c. $172,900 d. $138,320
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