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answer pls E8-11 (Algo) Calculating Cash Receipts [LO 8-4) Shadee Corp. expects to sell 550 sun visors in May and 370 in June. Each visor
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E8-11 (Algo) Calculating Cash Receipts [LO 8-4) Shadee Corp. expects to sell 550 sun visors in May and 370 in June. Each visor sells for $18. Shadee's beginning and ending teis goods inventories for May are 70 and 55 units, respectively, Ending finished goods inventory for June will be 55 units. It expects the following unit sales for the third quarters 560 July August September 460 Sixty percent of Shadees 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 answer to the nearest whole dollar) August September Total Cash Receipts Step by Step Solution
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