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Nuthatch Corporation began its operations on Septembe: 1 of the current year. Budgeted sales for the first three months of business - September, October, and

Nuthatch Corporation began its operations on Septembe: 1 of the current year. Budgeted sales for the first three months of business-September, October, and November - are $236,000,$301,000, and $422,000, 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 November from accounts receivable are projected to be:
a. $236,320
b. $334,152
c. $278,460
d. $194,180
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