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:

Labour Standards

The amount of time required to perform a job or part of a job.

Layout Design

The process of arranging machinery, equipment, and facilities within a workplace to optimize workflow and efficiency.

Sensible Location

A location or placement chosen based on logical reasoning, considering factors such as convenience, cost-efficiency, and accessibility.

Supply-Chain Management

The management of the flow of goods and services, involving the movement and storage of raw materials, work-in-process inventory, and finished goods from point of origin to point of consumption.