x CAccounting question | Chegg.cx Home YOSEF hm.tpx HW Ch 8 instructions I help

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x CAccounting question | Chegg.cx Home YOSEF hm.tpx HW Ch 8 instructions I help Question 1 (of 4) Save & xSubmit Time remelning: 2:3120 2.00 points E8-11 Calculating Cash Receipts [LO 8-4] Shadee Corp. expects to sell 610 sun visors in May and 310 in June. Each visor sells for $16. Shadee's beginning and ending finished goods inventories for May are 60 and 60 units, respectively. Ending finished goods inventory for June will be 55 units It expects the following unit salles for the third quarter: July August 560 490 450 Sixty percent of Shadee's sales are cash. Of the credit sales, 50 percent is collected in the month of the sale, 37 peroent 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 Total Cash Reoeipts Hints References eBook &Resources; Hint #1

Explanation / Answer

August September Cash sales 4704 4320 Credit sales: June sales 258 July sales 83 29 August sales 1568 1160 September sales 1440 Total cash receipts 6613 6949

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