Shadee Corp. expects to sell 560 sun visors in May and 380 in June. Each visor...

 

Transcribed Image Text:

Shadee Corp. expects to sell 560 sun visors in May and 380 in June. Each visor sells for $13. Shadee's beginning and ending finished goods inventories for May are 70 and 50 units, respectively. Ending finished goods inventory for June will be 65 units. It expects the following unit sales for the third quarter: July August September 515 440 430 Sixty percent of Shadee's sales are cash. Of the credit sales, 50 percent is collected in the month of the sale, 36 percent is collected during the following month, and 14 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.) Total Cash Receipts August September Shadee Corp. expects to sell 560 sun visors in May and 380 in June. Each visor sells for $13. Shadee's beginning and ending finished goods inventories for May are 70 and 50 units, respectively. Ending finished goods inventory for June will be 65 units. It expects the following unit sales for the third quarter: July August September 515 440 430 Sixty percent of Shadee's sales are cash. Of the credit sales, 50 percent is collected in the month of the sale, 36 percent is collected during the following month, and 14 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.) Total Cash Receipts August September

Answer rating: 100% (QA)

August 515 x 60 309 515 x ... View the full answer