Question: please help answering this. thank you!! 7 Shadee Corp, expects to sell 570 sun visors in May and 300 in June. Each visor sells for
Shadee Corp, expects to sell 570 sun visors in May and 300 in June. Each visor sells for $17. Shadee's beginning and ending finished goods inventories for May are 80 and 60 units, respectively. Ending finished goods inventory for June will be 55 units. It expects the following unit sales for the third quarter: 530 July August September 490 430 Sixty percent of Shadee's sales are cash. Of the credit sales, 50 percent is collected in the month of the sale, 35 percent is collected during the following month, and 15 percent is never collected. Required: Calculate Shadee's total cash receipts for August and September. (Do not round your intermediate calculations. Round your answe to the nearest whole dollar) swers August September Total Cash Receipts
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
