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Nuthatch Corporation began its operabions on September 1 of the current year, Budgeted sales for the finst three months of business 5 eptember, October, and

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Nuthatch Corporation began its operabions on September 1 of the current year, Budgeted sales for the finst three months of business 5 eptember, October, and November are $247,0c0, $301,000, 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 salc and 20% in the month following the sale. The cash collections expected in October from accounts receivable are estimated to be 4. $168560 b. 51300 c 5243,740 a. 5201140

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