Shadee Corp. expects to sell 540 sun visors in May and 320 in June. Each visor s

Question

Shadee Corp. expects to sell 540 sun visors in May and 320 in June. Each visor sells for $15. Shadee's beginning and ending finished goods inventories for May are 70 and 60 units, respectively. Ending finished goods inventory for June will be 60 units It expects the following unit sales for the third quarter: July August September 515 460 470 Sixty percent of Shadee's sales are cash. Of the credit sales, 50 percent is collected in the month of the sale, 39 percent is collected during the following month, and 11 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 4140 4230 Credit sales: July sales 1205 August sales 1380 1076 September sales 1410 Total cash receipts 6725 6716

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