Shadee Corp. expects to sell 640 sun visors in May and 390 in June. Each visor s

Question

Shadee Corp. expects to sell 640 sun visors in May and 390 in June. Each visor sells for $17. Shadee's beginning and ending finished goods inventories for May are 75 and 55 units, respectively. Ending finished goods inventory for June will be 60 units. It expects the following unit sales for the third quarter July August September 545 460 450 Sixty percent of Shadee's sales are cash. Of the credit sales, 52 percent is collected in the month of the sale, 36 percent is collected during the following month, and 12 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

Calculate total cash receipts :

August September Cash sales 4692 4590 Collection of sales July Sales 1334.16 August sales 1626.56 1126.08 September sales 1591.20 Total cash receiptss 7653 7307

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