Shadee Corp. expects to sell 520 sun visors in May and 390 in June. Each visor s

Question

Shadee Corp. expects to sell 520 sun visors in May and 390 in June. Each visor sells for $19. Shadee's beginning and ending finished goods inventories for May are 90 and 55 units, respectively. Ending finished goods inventory for June will be 50 units. It expects the following unit sales for the third quarter: July August September 545 490 420 Sixty percent of Shadee's sales are cash. Of the credit sales, 52 percent is collected in the month of the sale, 39 percent is collected during the following month, and 9 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 September Total Cash Receipts

Explanation / Answer

August September July sales 1615 August sales 7522 1452 September sales 6448 Total cash receipts 9138 7900

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