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:

Limited Open-door Policy

A policy where managers encourage employees to come forward with their concerns, questions, or suggestions, but with certain restrictions or scheduled times.

Interruptions

Unplanned events that break continuity or focus in tasks, conversations, or workflow.

Open-door Policy

A management approach where executives are approachable and available to employees for consultation, fostering a culture of openness and communication.

Workplace E-mail Systems

Workplace E-mail Systems are digital platforms used within organizations to facilitate communication and information exchange among employees.