accouting 2
Shadee Corp. expects to sell 630 sun visors in May and 350 in June. Each visor sells for $17. Shadee’s beginning and ending finished goods inventories for May are 60 and 45 units, respectively. Ending finished goods inventory for June will be 60 units.
It expects the following unit sales for the third quarter:
| July | 575 |
| August | 490 |
| September | 460 |
Sixty percent of Shadee’s sales are cash. Of the credit sales, 52 percent is collected in the month of the sale, 37 percent is collected during the following month, and 11 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.)
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accounting 2
Shadee Corp. expects to sell 630 sun visors in May and 350 in June. Each visor sells for $17. Shadee’s beginning and ending finished goods inventories for May are 60 and 45 units, respectively. Ending finished goods inventory for June will be 60 units. It expects the following unit sales for the third quarter: July575August490September460 Sixty percent of Shadee’s sales are cash. Of the credit sales, 52 percent is collected in the month of the sale, 37 percent is collected during the following...
Shadee Corp. expects to sell 560 sun visors in May and 330 in June. Each visor...
Shadee Corp. expects to sell 560 sun visors in May and 330 in June. Each visor sells for $11. Shadee’s beginning and ending finished goods inventories for May are 60 and 45 units, respectively. Ending finished goods inventory for June will be 60 units. It expects the following unit sales for the third quarter: July 530 August 470 September 460 Sixty percent of Shadee’s sales are cash. Of the credit sales, 52 percent is collected in the month of the...
Shadee Corp. expects to sell 600 sun visors in May and 360 in June. Each visor...
Shadee Corp. expects to sell 600 sun visors in May and 360 in June. Each visor sells for $18. Shadee’s beginning and ending finished goods inventories for May are 75 and 55 units, respectively. Ending finished goods inventory for June will be 65 units. It expects the following unit sales for the third quarter: July 560 August 480 September 460 Sixty percent of Shadee’s sales are cash. Of the credit sales, 52 percent is collected in the month of the...
E8-11 (Algo) Calculating Cash Receipts [LO 8-4] Shadee Corp. expects to sell 630 sun visors in May and 370 in June
E8-11 (Algo) Calculating Cash Receipts [LO 8-4]Shadee Corp. expects to sell 630 sun visors in May and 370 in June. Each visor sells for $13. Shadee’s beginning and ending finished goods inventories for May are 75 and 50 units, respectively. Ending finished goods inventory for June will be 65 units. It expects the following unit sales for the third quarter: July530August450September450 Sixty percent of Shadee’s sales are cash. Of the credit sales, 50 percent is collected in the month of the sale, 39 percent...
E8-11 Calculating Cash Receipts [LO 8-4]
Shadee Corp. expects to sell 640 sun visors in May and 430 in June. Each visor sells for $17. Shadee’s beginning and ending finished goods inventories for May are 60 and 45 units, respectively. Ending finished goods inventory for June will be 60 units.It expects the following unit sales for the third quarter: July560August450September430 Sixty percent of Shadee’s sales are cash. Of the credit sales, 54 percent is collected in the month of the sale, 38 percent is collected during the following...
E8-11 Calculating Cash Receipts [LO 8-4] Shadee Corp. expects to sell 620 sun visors in May...
E8-11 Calculating Cash Receipts [LO 8-4] Shadee Corp. expects to sell 620 sun visors in May and 330 in June. Each visor sells for $13. Shadee’s beginning and ending finished goods inventories for May are 70 and 40 units, respectively. Ending finished goods inventory for June will be 65 units. It expects the following unit sales for the third quarter: July 530 August 450 September 450 Sixty percent of Shadee’s sales are cash. Of the credit sales, 52 percent is...
Shadee Corp. expects to sell 510 sun visors in May and 390 in June. Each visor...
Shadee Corp. expects to sell 510 sun visors in May and 390 in June. Each visor sells for $15. Shadee's beginning and ending finished goods inventories for May are 65 and 45 units, respectively. Ending finished goods inventory for June will be 60 units. It expects the following unit sales for the third quarter: July August September 500 460 450 Sixty percent of Shadee's sales are cash. Of the credit sales, 50 percent is collected in the month of the...
E8-11 Calculating Cash Receipts [LO 8-4] Shadee Corp. expects to sell 600 sun visors in May...
E8-11 Calculating Cash Receipts [LO 8-4] Shadee Corp. expects to sell 600 sun visors in May and 440 in June. Each visor sells for $13. Shadee's beginning and ending finished goods inventories for May are 80 and 40 units, respectively. Ending finished goods inventory for June will be 60 units. It expects the followi ng unit sales for the third quarter: July August September 530 460 440 Sixty percent of Shadee's sales are cash. Of the credit sales, 50 percent...
E8-11 Calculating Cash Receipts [LO 8-4] Shadee Corp. expects to sell 530 sun visors in May...
E8-11 Calculating Cash Receipts [LO 8-4] Shadee Corp. expects to sell 530 sun visors in May and 420 in June. Each visor sells for $19. Shadee's beginning and ending finished goods inventories for May are 80 and 55 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 530 470 460 Sixty percent of Shadee's sales are cash. Of the credit sales, 50 percent is...
Shadee Corp. expects to sell 590 sun visors in May and 360 in June. Each visor...
Shadee Corp. expects to sell 590 sun visors in May and 360 in June. Each visor sells for $14. Shadee's beginning and ending finished goods inventories for May are 65 and 50 units, respectively. Ending finished goods inventory for June will be 60 units. It expects the following unit sales for the third quarter: July August September 530 480 430 Sixty percent of Shadee's sales are cash. Of the credit sales, 50 percent is collected in the month of the...
Shadee Corp. expects to sell 510 sun visors in May and 390 in June. Each visor sells for $15. Shadee's beginning and ending finished goods inventories for May are 65 and 45 units, respectively. Ending finished goods inventory for June will be 60 units. It expects the following unit sales for the third quarter: July August September 500 460 450 Sixty percent of Shadee's sales are cash. Of the credit sales, 50 percent is collected in the month of the...
E8-11 Calculating Cash Receipts [LO 8-4] Shadee Corp. expects to sell 600 sun visors in May and 440 in June. Each visor sells for $13. Shadee's beginning and ending finished goods inventories for May are 80 and 40 units, respectively. Ending finished goods inventory for June will be 60 units. It expects the followi ng unit sales for the third quarter: July August September 530 460 440 Sixty percent of Shadee's sales are cash. Of the credit sales, 50 percent...
E8-11 Calculating Cash Receipts [LO 8-4] Shadee Corp. expects to sell 530 sun visors in May and 420 in June. Each visor sells for $19. Shadee's beginning and ending finished goods inventories for May are 80 and 55 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 530 470 460 Sixty percent of Shadee's sales are cash. Of the credit sales, 50 percent is...
Shadee Corp. expects to sell 590 sun visors in May and 360 in June. Each visor sells for $14. Shadee's beginning and ending finished goods inventories for May are 65 and 50 units, respectively. Ending finished goods inventory for June will be 60 units. It expects the following unit sales for the third quarter: July August September 530 480 430 Sixty percent of Shadee's sales are cash. Of the credit sales, 50 percent is collected in the month of the...
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