Shadee Corp. expects to sell 600 sunshades in May and 330 in June. Each visor sells for $19. Shadee's beginning and ending finished goods inventories for May are 70 and 45 units, respectively. Ending inventory of finished goods for June will be 65 units.

Expect the following unit sales for the third quarter:

Julio	560
August	470
September	460

Sixty percent of Shadee's sales are cash. Of credit sales, 52 percent is collected in the month of sale, 38 percent is collected during the following month, and 10 percent is never collected.

Required:
Calculate Shadee's total cash receipts for August and September.

Answer rating: 100% (QA)

To calculate Shadee Corps total cash receipts for August and September we need to consider the sales ... View the full answer