Shadee Corporation expects to sell 600 sun shades in May and 390 in June Each shades sells for $11 Shadee's beginning and ending finished goods inventories for May are 85 and 40 shades, respectively Ending finished goods inventory for June will be 60 shades It expects the following unit sales for the third quarter July August September 575 450 460 Sixty percent of Shadee's sales are cash Of the credit sales, 54 percent is collected in the month of the sale, 36 percent is collected during the following month, and 10 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 Total Cash Receipts August September Shadee Corporation expects to sell 600 sun shades in May and 390 in June Each shades sells for $11 Shadee's beginning and ending finished goods inventories for May are 85 and 40 shades, respectively Ending finished goods inventory for June will be 60 shades It expects the following unit sales for the third quarter Sixty percent of Shadee's sales are cash Of the credit sales, 54 percent is collected in the month of the sale, 36 percent is collected during the following month, and 10 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

Question

Shadee Corporation expects to sell 600 sun shades in May and 390 in June  Each shades sells for $11  Shadee's beginning and ending finished goods inventories for May are 85 and 40 shades, respectively  Ending finished goods inventory for June will be 60 shades  It expects the following unit sales for the third quarter  July August September 575 450 460 Sixty percent of Shadee's sales are cash  Of the credit sales, 54 percent is collected in the month of the sale, 36 percent is collected during the following month, and 10 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  Total Cash Receipts August September Shadee Corporation expects to sell 600 sun shades in May and 390 in June  Each shades sells for $11  Shadee's beginning and ending finished goods inventories for May are 85 and 40 shades, respectively  Ending finished goods inventory for June will be 60 shades  It expects the following unit sales for the third quarter Sixty percent of Shadee's sales are cash  Of the credit sales, 54 percent is collected in the month of the sale, 36 percent is collected during the following month, and 10 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

Accepted Answer

The Answer is in the image, click to view ...

Question

Shadee Corporation expects to sell 600 sun shades in May and 390 in June. Each shades sells for $11. Shadee's beginning and ending finished goods

Step by Step Solution

Step: 1

Get Instant Access to Expert-Tailored Solutions

Step: 2

Step: 3

Ace Your Homework with AI

Recommended Textbook for

Im A Auditor If You Dont Want A Sarcastic Answer Dont Ask A Stupid Question

Students also viewed these Accounting questions

Question

Question

Question

Question

Question

Question

Question

Question

Question

Question

Question

Question

Question