Shadee Corp. expects to sell 520 sun visors in May and 380 in June. Each visor s

Question

Shadee Corp. expects to sell 520 sun visors in May and 380 in June. Each visor sells for $18. Shadee's beginning and ending finished goods inventories for May are 80 and 60 units, respectively. Ending finished goods inventory for June will be 65 units. It expects the following unit sales for the third quarter: July September 430 Sixty percent of Shadee's sales are cash. Of the credit sales, 52 percent is collected in the month of the sale, 36 percent is collected during the following month, and 12 percent is never collected Required: Calculats Shadee's total cash receipts for August and September. (Do not round your intermediate calculations. Round your answers to the nearest whole dollar.) Total Cash

Explanation / Answer

Budgeted cash receipts :

August September Cash Sales 4968 4644 Collection from customer July Sales 1412.64 August sales 1722.24 1192.32 September sales 1609.92 Total cash receipts 8103 7446

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