Chapter 8 Homework 1 7 eBook B Hint F Print References Shadee Corporation expects to sell 530 sun shades in May and 330 in June. Each shades sells for $16. Shadee's beginning and ending finished goods inventories for May are 65 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 560 470 430 Sixty percent of Shadee's sales are cash. Of the credit sales, 52 percent is collected in the month of the sale, 39 percent is collected during the following month, and 9 percent is never collected. Total Cash Receipts Saved 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. August September Help Submit Check my work
Chapter 8 Homework 1 7 eBook B Hint F Print References Shadee Corporation expects to sell 530 sun shades in May and 330 in June. Each shades sells for $16. Shadee's beginning and ending finished goods inventories for May are 65 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 560 470 430 Sixty percent of Shadee's sales are cash. Of the credit sales, 52 percent is collected in the month of the sale, 39 percent is collected during the following month, and 9 percent is never collected. Total Cash Receipts Saved 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. August September Help Submit Check my work
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Da
![Chapter 8 Homework i
7
eBook
1
Hint
Print
A
References
Shadee Corporation expects to sell 530 sun shades in May and 330 in June. Each shades sells for $16. Shadee's beginning and
ending finished goods inventories for May are 65 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
560
470
430
Saved
Sixty percent of Shadee's sales are cash. Of the credit sales, 52 percent is collected in the month of the sale, 39 percent is collected
during the following month, and 9 percent is never collected.
Total Cash Receipts
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.
August September
Help
Save & Exit Submit
Check my work](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5fbbe0ae-bbab-4609-8ac5-87fc6017322b%2Ff4950dc2-d0a1-47e7-ac41-620ff6cd7c9d%2F1kbynw_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Chapter 8 Homework i
7
eBook
1
Hint
Print
A
References
Shadee Corporation expects to sell 530 sun shades in May and 330 in June. Each shades sells for $16. Shadee's beginning and
ending finished goods inventories for May are 65 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
560
470
430
Saved
Sixty percent of Shadee's sales are cash. Of the credit sales, 52 percent is collected in the month of the sale, 39 percent is collected
during the following month, and 9 percent is never collected.
Total Cash Receipts
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.
August September
Help
Save & Exit Submit
Check my work
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