Nuthatch Corporation began its operations on September 1 of…

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 $248,000, $304,000, and $416,000, 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

For February, sales revenue is $647,000, sales commissions a…

For February, sales revenue is $647,000, sales commissions are 4% of sales, the sales manager’s salary is $83,200, advertising expenses are $85,800, shipping expenses total 1% of sale, and miscellaneous selling expenses are $2,200 plus 1/2 of 1% of sales. Total selling expenses for the month of February are