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Use the information below for Nuthatch Corporation to answer the question that follow Nuthatch Corporation began its operations on September 1 of the current year.
Use the information below for Nuthatch Corporation to answer the question that follow 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 $246,000, $313,000, and $422,000, respectively. The company expects to sell 30% of its merchandise for cash, of sales on account, so 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 Oa. $336,168 Ob. $280,140 Oc. $192,500 Od. 5236,320
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