Shadee Corp. expects to sell 550 sun visors in May and 340 in June. Each visor s

Question

Shadee Corp. expects to sell 550 sun visors in May and 340 in June. Each visor sells for $11. Shadee's beginning and ending finished goods inventories for May are 85 and 40 units, r Ending finished goods inventory for Junell be 65 units. respectively It expects the following unit sales for the third quarter July August September 560 480 450 Sixty percent of Shadee's sales are cash. Of the credit sales, 52 percent is collected in the month of the sale, 35 percent is collected during the following month, and 13 percent is never collected. Required Calculate Shadee's total cash receipts for August and September. Do not round your intermediate calculations. Round your answers to the nearest whole dollar.) August Septe Total Cash Receipts This is a numeric cell, so

Explanation / Answer

shadees sales June July August September cash sales 60% 2244 3696 3168 2970 credit sales 40% 1496 2464 2112 1980 total sales 3740 6160 5280 4950 August September cash sales 3,168 2,970 Credit sales july   (2464*35%) 862.4 August (2112*52% ; 35%) 1098.24 739.2 Sept (1980*52%) 1029.6 total cash receipts 5,129 4,739

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