4 2 points eBook Hint Print References Shadee Corporation expects to sell 610 sun shades in May and 440 in June. Each shades sells for $14. Shadee's beginning and ending finished goods inventories for May are 90 and 45 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 575 440 430 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. 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 Total Cash Receipts

4 2 points eBook Hint Print References Shadee Corporation expects to sell 610 sun shades in May and 440 in June. Each shades sells for $14. Shadee's beginning and ending finished goods inventories for May are 90 and 45 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 575 440 430 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. 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 Total Cash Receipts

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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