Shadee Corp. expects to sell 560 sun visors in May and 380 in June. Each visor sells for $19. Shadee's beginning and ending finished goods inventories for May are 65 and 55 units, respectively. Ending finished goods inventory for June will be 50 units. It expects the following unit sales for the third quarter: July 500 August 460 September 430 Sixty percent of Shadee's sales are cash. Of the credit sales, 54 percent is collected in the month of the sale, 38 percent is collected during the following month, and 8 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.)
Shadee Corp. expects to sell 560 sun visors in May and 380 in June. Each visor sells for $19. Shadee's beginning and ending finished goods inventories for May are 65 and 55 units, respectively. Ending finished goods inventory for June will be 50 units. It expects the following unit sales for the third quarter: July 500 August 460 September 430 Sixty percent of Shadee's sales are cash. Of the credit sales, 54 percent is collected in the month of the sale, 38 percent is collected during the following month, and 8 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.)
Chapter7: Budgeting
Section: Chapter Questions
Problem 10PA: Sports Socks has a policy of always paying within the discount period and each of its suppliers...
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![Shadee Corp. expects to sell 560 sun visors in May and 380 in June. Each visor sells for $19.
Shadee's beginning and ending finished goods inventories for May are 65 and 55 units,
respectively. Ending finished goods inventory for June will be 50 units. It expects the following
unit sales for the third quarter: July 500 August 460 September 430 Sixty percent of Shadee's
sales are cash. Of the credit sales, 54 percent is collected in the month of the sale, 38 percent
is collected during the following month, and 8 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.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc7eb9cad-2a47-426f-a531-eb4b8208f704%2F02bbe13f-2b99-4859-98d7-2c177ad1403f%2Fkde42n_processed.png&w=3840&q=75)
Transcribed Image Text:Shadee Corp. expects to sell 560 sun visors in May and 380 in June. Each visor sells for $19.
Shadee's beginning and ending finished goods inventories for May are 65 and 55 units,
respectively. Ending finished goods inventory for June will be 50 units. It expects the following
unit sales for the third quarter: July 500 August 460 September 430 Sixty percent of Shadee's
sales are cash. Of the credit sales, 54 percent is collected in the month of the sale, 38 percent
is collected during the following month, and 8 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.)
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