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 $$234,000,$ $$308,000,$ and $$429,000,$ 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$.$ $$340,032$

b$.$ $$197,120$

c$.$ $$240,240$

d$.$ $$283,360$Nuthatch Corporation began its operations on September $1$ of the current year. Budgeted sales for the first three months of business$-$September, October, and November$-$are $$234,000,$ $$308,000,$ and $$429,000,$ 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$.$ $$340,032$

b$.$ $$197,120$

c$.$ $$240,240$

d$.$ $$283,360$