Question: E 8 - 1 1 ( Algo ) Calculating Cash Receipts [ LO 8 - 4 ] Shadee Corporation expects to sell 5 7 0

E8-11(Algo) Calculating Cash Receipts [LO 8-4]
Shadee Corporation expects to sell 570 sun shades in May and 370 in June. Each shades sells for \$18. Shadee's beginning and ending finished goods inventorles for May are 75 and 45 shades, respectively. Ending finished goods inventory for June will be 50 shades.
It expects the following unit sales for the third quarter:
Sixty percent of Shadee's sales are cash. Of the credit sales, 52 percent is collected in the month of the sale, 39 percent is collected during the following month, and 9 percent is never collected.
Required:
Calculate Shadee's total cash recelpts for August and September.
Note: Do not round your Intermedlate calculatlons. Round your answers to the nearest whole dollar.
E 8 - 1 1 ( Algo ) Calculating Cash Receipts [ LO

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