Solution
Shadee Corp | ||
August | September | |
Total cash Receipts | $ 6,557 | $ 6,283 |
Working
Shadee Corp | ||
August | September | |
Cash sales | $ 3,960 | $ 3,960 |
Collection from June sales | ||
Collection from July sales | $ 1,277 | |
Collection from August sales | $ 1,320 | $ 1,003 |
Collection from September sales | $ 1,320 | |
Total cash Receipts | $ 6,557 | $ 6,283 |
.
June | July | August | September | |
Sales units | 350 | 560 | 440 | 440 |
Sales price | $ 15.00 | $ 15.00 | $ 15.00 | $ 15.00 |
Sales revenue | $ 5,250.00 | $ 8,400.00 | $ 6,600.00 | $ 6,600.00 |
Cash sales | $ 3,150.00 | $ 5,040.00 | $ 3,960.00 | $ 3,960.00 |
Credit sales | $ 2,100.00 | $ 3,360.00 | $ 2,640.00 | $ 2,640.00 |
E8-11 Calculating Cash Receipts [LO 8-4] Shadee Corp. expects to sell 610 sun visors in May and 350 in June. Each v...
E8-11 Calculating Cash Receipts [LO 8-4] Shadee Corp. expects to sell 580 sun visors in May and 440 in June. Each visor sells for $14. 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 following unit sales for the third quarter: July August September 560 450 440 Sixty percent of Shadee's sales are cash. Of the credit sales, 52 percent is...
E8-11 Calculating Cash Receipts [LO 8-4) Shadee Corp. expects to sell 650 sun visors in May and 440 in June. Each visor sols for $12. Shadee's beginning and ending finished goods inventories for May are 85 and 50 units respectively Ending finished goods inventory for June will be 60 units It expects the following unit sales for the third quarter August September 450 Sixty percent of Shadee's sales are cash. Of the credit sales, 52 percent is collected in 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 550 sun visors in May and 440 in June. Each visor sells for $14. Shadee's beginning and ending finished goods inventories for May are 65 and 45 units, respectively. Ending finished goods inventory for June will be 50 units. It expects the following unit sales for the third quarter: July August September 500 450 470 Sixty percent of Shadee's sales are cash. Of the credit sales, 54 percent is...
E8-11 Calculating Cash Receipts [LO 8-4] Shadee Corp. expects to sell 620 sun visors in May and 400 in June. Each visor sells for $16. Shadee's beginning and ending finished goods inventories for May are 85 and 40 units, respectively. Ending finished goods inventory for June will be 55 units. It expects the following unit sales for the third quarter: July August September 530 500 420 Sixty percent of Shadee's sales are cash. Of the credit sales, 50 percent is...
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...
E8-11 Calculating Cash Receipts [LO 8-4) Shadee Corpoxpects to sell 650 sun visors in May and 440 in June. Each visor sols for $12. Shadee's beginning and ending finished goods inventories for May are 85 and 50 units respectively Ending finished goods inventory for June will be 60 units. It expects the following unit sales for the third quarter August September 450 Sixty percent of Shadee's sales are cash. Of the credit sales, 52 percent is collected in the month...
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...
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...
Shadee Corp. expects to sell 560 sun visors in May and 370 in June. Each visor sells for $19. Shadee's beginning and ending finished goods inventories for May are 75 and 45 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 515 440 420 Sixty percent of Shadee's sales are cash. Of the credit sales, 54 percent is collected in the month of the...