E8-11 (Algo) Calculating Cash Receipts [LO 8-4] Shadee Corporation expects to sell 630 sun shades in...

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E8-11 (Algo) Calculating Cash Receipts [LO 8-4] Shadee Corporation expects to sell 630 sun shades in May and 310 in June. Each shades sells for $14. Shadee's beginning and ending finished goods inventories for May are 80 and 45 shades, respectively. Ending finished goods inventory for June will be 65 shades. It expects the following unit sales for the third quarter: July August September 560 460 440 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. Note: Do not round your intermediate calculations. Round your answers to the nearest whole dollar. Total Cash Receipts August September E8-11 (Algo) Calculating Cash Receipts [LO 8-4] Shadee Corporation expects to sell 630 sun shades in May and 310 in June. Each shades sells for $14. Shadee's beginning and ending finished goods inventories for May are 80 and 45 shades, respectively. Ending finished goods inventory for June will be 65 shades. It expects the following unit sales for the third quarter: July August September 560 460 440 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. Note: Do not round your intermediate calculations. Round your answers to the nearest whole dollar. Total Cash Receipts August September

Answer rating: 100% (QA)

To calculate Shadee Corporations total cash receipts for August and September we need to consider the sales for those months and the collection patter... View the full answer