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00 8 E8-11 (Algo) Calculating Cash Receipts [LO 8-4) 1.5 points Shadee Corp. expects to sell 530 sun visors in May and 400 in June.
00 8 E8-11 (Algo) Calculating Cash Receipts [LO 8-4) 1.5 points Shadee Corp. expects to sell 530 sun visors in May and 400 in June. Each visor sells for $18. Shadee's beginning and ending finished goods inventories for May are 70 and 55 units, respectively. Ending finished goods inventory for June will be 65 units. It expects the following unit sales for the third quarter: eBook July August September 575 460 440 Hint Sixty percent of Shadee's sales are cash. Of the credit sales, 52 percent is collected in the month of the sale, 37 percent is collected during the following month, and 11 percent is never collected. Print 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.) References August September Total Cash Receipts
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