Chapter $8$ Homework i

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$7$

Shadee Corporation expects to sell $530$ sun shades in May and $330$ in June. Each shades sells for $$16.$ Shadee's beginning and ending finished goods inventories for May are $65$ and $40$ shades, respectively. Ending finished goods inventory for June will be $60$ shades.

$3\mathrm{.}63$ points

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It expects the following unit sales for the third quarter:

$\backslash$table$[[$July$,560],[$August$,470],[$September$,430]]$

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 receipts for August and September.

Note: Do not round your intermediate calculations. Round your answers to the nearest whole dollar.

$\backslash$table$[[,$August,September$],[$Total Cash Receipts,,$]]$

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