Nuthatch Corporation Began Its Operations on September 1 of the Current

question 77

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 September from accounts receivable are estimated to be

• A)$223,600
• B)$145,600
• C)$182,000
• D)$168,000

---

Definitions:

Canadian University

A higher education institution located in Canada, offering a variety of undergraduate and postgraduate degrees.

Phobia

An intense, irrational fear of a specific object, situation, or activity leading to avoidance behavior that can significantly impact a person's life.

Anxiety

A psychological state defined by emotions of concern, anxiety, or dread so intense they disrupt an individual's everyday functions.

Trembling

An involuntary shaking, quivering, or trembling of the body that can result from various factors, including emotional states, medical conditions, or cold temperatures.