7. value: 1.00 points Shadee Corp. expects to sell 620 sun visors in May and 310

Question

7. value: 1.00 points Shadee Corp. expects to sell 620 sun visors in May and 310 in June. Each visor sells for $10. Shadee's beginning and ending finished goods inventories for May are 85 and 45 units, respectively. Ending finished goods inventory for June will be 55 units. It expects the following unit sales for the third quarter: July August September 560 490 450 Sixty percent of Shadee's sales are cash. Of the credit sales, 52 percent is collected in the month of the sale, 40 percent is collected during the following month, and 8 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 Cash sales 2940 2700 Credit sales: July sales 896 August sales 1019 784 September sales 936 Total cash receipts 4855 4420

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