Shadee Corporation expects to sell 6 5 0 sun shades in May and 3 3 0 in
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Question:
Shadee Corporation expects to sell sun shades in May and in June. Each shades sells for $ Shadees beginning and ending finished goods inventories for May are and shades, respectively. Ending finished goods inventory for June will be shades.
It expects the following unit sales for the third quarter:
July
August
September
Sixty percent of Shadees sales are cash. Of the credit sales, percent is collected in the month of the sale, percent is collected during the following month, and percent is never collected.
Required:
Calculate Shadees total cash receipts for August and September.
Related Book For
Managerial Accounting
ISBN: 978-0078025518
2nd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
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