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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- November-are $246,000, $317,000, and $404,000, respectively. The company expects to sell 30% of its merchandise for cash. Of sal 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 Oa. $143,080 Ob. $254,352 Oc. $177,520 Od. $211,960
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