Shadee Corp. expects to sell 620 sun visors in May and 410 in June. Each visor s

Question

Shadee Corp. expects to sell 620 sun visors in May and 410 in June. Each visor sells for $19. Shadee's beginning and ending finished goods inventories for May are 80 and 50 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 515 470 440 Sixty percent of Shadee's sales are cash. Of the credit sales, 54 percent is collected in the month of the sale, 37 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 Cash sales 5358 5016 Credit sales: July sales 1448 August sales 1929 1322 September sales 1806 Total cash receipts 8735 8143

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