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plz answer under 30 mins Cupertino Company anticipates to sell 560 kids bikes in May and 330 in June. The sales price per unit is
plz answer under 30 mins
Cupertino Company anticipates to sell 560 kids bikes in May and 330 in June. The sales price per unit is $20. The beginning and ending finished goods inventories for May are 80 and 50 units. The ending finished goods inventory for June will be 65 units. It has budgeted the unit sales for the months listed below: July August September 500 490 440 60% of the company's sales are cash. Of the credit sales, 52% is collected in the month of the sale, 36% is collected during the following month Required: Calculate the total cash receipts for August and September. (No rounding of intermediate calculations. Round the final answers to the nearest whole dollar.) August September Total Cash Receipts Step by Step Solution
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