Nuthatch Corporation Began Its Operations on September 1 of the Current

question 161

Multiple Choice

Nuthatch Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business are $260,000, $375,000, and $400,000, respectively, for September, October, and November. 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 in November from accounts receivable are:

• A) $280,000
• B) $316,400
• C) $295,200
• D) $276,500

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Definitions:

Nucleus

The central and most important part of an object, movement, or group, forming the basis for its activity and growth; in cells, it's the membrane-bound organelle that contains the genetic material.

Neurons Growth

The process by which neurons develop and increase in size or number, crucial for brain development and functionality.

Corticosteroids

A class of steroid hormones that are produced in the adrenal cortex and are involved in a variety of physiological processes, such as stress response, immune response, and regulation of inflammation.

Stress Hormones

Hormones, notably cortisol and adrenaline, released into the body in response to stress, affecting various bodily functions.