Shadee Corporation expects to sell 540 sun shades in May and 310 in June. Each...
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Shadee Corporation expects to sell 540 sun shades in May and 310 in June. Each shades selis for $10, Shadee's beginning and ending finished goods inventories for May are 70 and 55 shades, respectively. Ending finished goods inventory for June will be 50 shades. It expects the following unit sales for the third quarter: Sixty percent of Shadee's sales are cash. Of the credit sales, 52 percent is collected in the month of the sale, 40 percent is collected during the following month, and 8 percent is never collected. Required: Calculate Shadee's total cash receipts for August and September Note: Do not round your intermediete calculations. Round your answers to the nearest whole doller
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