Shadee Corp. expects to sell 640 sun visors in May and 320 in June. Each visor s

Question

Shadee Corp. expects to sell 640 sun visors in May and 320 in June. Each visor sells for $13. Shadee’s beginning and ending finished goods inventories for May are 60 and 50 units, respectively. Ending finished goods inventory for June will be 65 units.

Shadee Corp. expects to sell 640 sun visors in May and 320 in June. Each visor sells for $13. Shadee's beginning and ending finished goods inventories for May are 60 and 50 units, respectively. Ending finished goods inventory for June will be 65 units. It expects the following unit sales for the third quarter: August September 545 460 470 Sixty percent of Shadee's sales are cash. Of the credit sales, 50 percent is collected in the month of the sale, 39 percent is collected during the following month, and 11 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.) August September Total Cash Receipts

Explanation / Answer

Solution:

Budgeted Sales Revenue - Shadee Corp Particulars August September Expected sales units 460 470 Selling price per unit $13.00 $13.00 Budgeted Sales Revenue $5,980.00 $6,110.00

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