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Calculate shadee total cash receipts for august

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Question - Shadee Corp. expects to sell 560 sun visors in May and 430 in June. Each visor sells for $15. Shadee's beginning and ending finished goods inventories for May are 65 and 60 units, respectively. Ending finished goods inventory for June will be 70 units.

It expects the following unit sales for the third quarter:

  • July - 515
  • August - 480
  • September - 450

Sixty percent of Shadee's sales are cash. Of the credit sales, 54 percent is collected in the month of the sale, 35 percent is collected during the following month, and 11 percent is never collected.

Required - Calculate Shadee's total cash receipts for August and September.

Reference no: EM131713987

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