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Nuthatch Corporation began its operations on September I of the current year. Budgeted sales for the first three months of business are s260,00, $375,000, and

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Nuthatch Corporation began its operations on September I of the current year. Budgeted sales for the first three months of business are s260,00, $375,000, and $400,000, respectively, for September, October, and November. 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 O $296.250 $316,400 $295,200 $280.000

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