Question

velue 150 ponts E8-11 Calculating Cash Receipts ILO 8-4 and 60 units, respecively Ending feished goods inventory for June will be 65 units Shadee Corp expects to sell 590 sun visors in May and 330 in June Each visor sells for $11 Shadee's beginnng and ondeg hed goeds ientones o It expects the following unit sales for the thid quater 515 July August September 400 470 Sixty percent of Shadee's sales are cash Of the credt sales 52 percent is collected in the month of the sale, 37 percent is odecded ing the following moe, and 11 percent is never colleced Required Caloulate Shadee's total cash receipts for August and September (Do not round your intermediate calcultions Roand youe w August September Tetal Cash Receipts

Answer 1

	August	September
Cash sales	450*$11*60% = $2,970	470*$11*60% = $3,102
Credit sales
July Sales	515*$11*40%*37% = $838.42
August sales	450*$11*40%*52% = $1,029.60	450*$11*40%*37% = $732.60
September sales		470*$11*40%*52% = $1,075.36
Total cash Receipts	$                                                4,838	$                                                4,910

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