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Shadee Corp. expects to sell 600 sun visors in May and 400 in June. Each visor sells for $10. Shadee's beginning and ending finished
Shadee Corp. expects to sell 600 sun visors in May and 400 in June. Each visor sells for $10. Shadee's beginning and ending finished goods inventories for May are 85 and 50 units, respectively. Ending finished goods inventory for June will be 70 units. It expects the following unit sales for the third quarter: July August September 545 470 440 Sixty percent of Shadee's 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 answers to the nearest whole dollar.) Answer is complete but not entirely correct. Total Cash Receipts August September 4,582 $ 5,247
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