Shadee Corporation expects to sell 640 sun shades in May and 310 in June. Each shades sells for $13. Shade finished goods inventories for May are 80 and 50 shades, respectively. Ending finished goods inventory for Ju It expects the following unit sales for the third quarter: July August September 530 470 470 Sixty percent of Shadee's sales are cash. Of the credit sales, 50 percent is collected in the month of the sale, during the following month, and 15 percent is never collected. 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.
Shadee Corporation expects to sell 640 sun shades in May and 310 in June. Each shades sells for $13. Shade finished goods inventories for May are 80 and 50 shades, respectively. Ending finished goods inventory for Ju It expects the following unit sales for the third quarter: July August September 530 470 470 Sixty percent of Shadee's sales are cash. Of the credit sales, 50 percent is collected in the month of the sale, during the following month, and 15 percent is never collected. 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.
Chapter7: Budgeting
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![Shadee Corporation expects to sell 640 sun shades in May and 310 in June. Each shades sells for $13. Shadee's beginning and ending
finished goods inventories for May are 80 and 50 shades, respectively. Ending finished goods inventory for June will be 65 shades.
It expects the following unit sales for the third quarter:
July
August
September
530
470
470
Sixty percent of Shadee's sales are cash. Of the credit sales, 50 percent is collected in the month of the sale, 35 percent is collected
during the following month, and 15 percent is never collected.
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.
Total Cash Receipts
August
September](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Feff6eaeb-6f6d-4aa6-ac32-9d84b4c454f2%2Ff1b51bb9-0b14-4543-a67e-27a94ddcc519%2F36sal1_processed.png&w=3840&q=75)
Transcribed Image Text:Shadee Corporation expects to sell 640 sun shades in May and 310 in June. Each shades sells for $13. Shadee's beginning and ending
finished goods inventories for May are 80 and 50 shades, respectively. Ending finished goods inventory for June will be 65 shades.
It expects the following unit sales for the third quarter:
July
August
September
530
470
470
Sixty percent of Shadee's sales are cash. Of the credit sales, 50 percent is collected in the month of the sale, 35 percent is collected
during the following month, and 15 percent is never collected.
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.
Total Cash Receipts
August
September
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