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a Shadee Corporation expects to sell 500 sun shades in May and 340 in June. Each shades sells for $13. Shadee's beginning and ending finished
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Shadee Corporation expects to sell 500 sun shades in May and 340 in June. Each shades sells for $13. Shadee's beginning and ending finished goods inventorles for May are 75 and 60 shades, respectively. Ending finished goods inventory for June will be 65 shades. It expects the following unit sales for the third quarter: Sixty percent of Shadee's sales are cash. Of the credit sales, 52 percent is collected in the month of the sale, 39 percent Is collected during the following month, and 9 percent is never collected. Required: Calculate Shadee's total cash recelpts for August and September. Note: Do not round your intermedlate calculations. Round your answers to the nearest whole dollar Step by Step Solution
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