1. 2. Shadee Corp. expects to sell 590 sun visors in May and 440 in June. Each v
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Shadee Corp. expects to sell 590 sun visors in May and 440 in June. Each visor sells for $19. Shadee's beginning and ending finished goods inventories for May ane 65 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 515 440 430 Sixty percent of Shadee's sales are cash. Of the credit sales, 54 percent is collected in the month of the sale, 40 percent is collected during the following month, and 6 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 ReceiptsExplanation / Answer
Dear student, only one question is allowed at a time. I am answering the first question
So, total cash receipts for August is $ 8,387 and September is $ 8,004
Calculations Particulars May June July August September A Sales units 590 440 515 440 430 B Sales Price per unit 19 19 19 19 19 C = A x B Total Sales value 11,210 8,360 9,785 8,360 8,170 D = C x 60% Cash Sales 6,726 5,016 5,871 5,016 4,902 E = C - D Credit Sales 4,484 3,344 3,914 3,344 3,268 F = E x 54% Collection in month of sale 2,421 1,806 2,114 1,806 1,765 G = E of previous month x 40% Collection in following month 1,794 1,338 1,566 1,338 H = D + F + G Total cash receipts 9,147 8,615 9,322 8,387 8,004Related Questions
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