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 $238,000, $311,000, and $424,000 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 expecting an October from accounts receivable are estimated to be

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 $238,000, $311,000, and $424,000, 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 $248,976 b. $207.480 c. $174,160 d. $140,840