Nuthatch Corporation Began Its Operations on September 1 of the Current

question 147

Multiple Choice

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 $260,000, $375,000, and $400,000, 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)$246,400
• B)$262,500
• C)$210,000
• D)$294,500

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Definitions:

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The commitment by businesses to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as the local community and society at large.

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The process of discussing with employees their current job activities and performance, personal and career interests and goals, personal skills, and suitable career development objectives.

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