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USE for questions 17-19: Nuthatch Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business

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USE for questions 17-19: Nuthatch Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business are $260,000, $350,000, and $400,000, respectively, for September, October, 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 in September front accounts receivable are: a. $223, 600 b. $145, 600 c. $192,000 d. $168,000 The cash collections in October from accounts receivable are a. $232, 400 b. $240,000 c. $210,000 d. $337, 400 The cash collections in November from accounts receivable are: a. $294,000 b. $336,000 c. $295, 200 d. 27, 3000

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