Question

Shadee Corp. expects to sell 530 sun visors in May and 450 in June. Each visor sells for $14. Shadee's beginning and ending finished goods inventories for May are 65 and 60 units, respectively. Ending finished goods inventory for June will be 65 units. It expects the following unit sales for the third quarter: July August September 545 500 450 Sixty percent of Shadee's sales are cash. Of the credit sales, 54 percent is collected in the month of the sale, 37 percent is collected during the following month, and 9 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.) August September Total Cash Receipts

Answer 1

calculate cash receipt

	August	September
Cash sales	4200	3780
Collection from customer
June Sales	227
July Sales	1129	275
August Sales	1512	1036
September Sales		1361
Total cash receipt	7068	6452