Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. shadee corp. expects to sell 630 sun visors in may

Shadee Corp. expects to sell 630 sun visors in May and 350 in June. Each...

70.2K

Verified Solution

Question

Accounting

image

Shadee Corp. expects to sell 630 sun visors in May and 350 in June. Each visor sells for $15. Shadee's beginning and ending finished goods inventories for May are 75 and 50 units, respectively. Ending finished goods inventory for June will be 60 units. It expects the following unit sales for the third quarter: July August September 545 450 460 Sixty percent of Shadee's sales are cash. Of the credit sales, 50 percent is collected in the month of the sale, 39 percent is collected during the following month, and 11 percent is never collected. Required: Calculate Shadee's total cash receipts for August and September. (Do not round your intermediate calculations. Round your answers to the nearest whole dollar.) August September Total Cash Receipts

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

General Management
1.2K views

Create a Persuasive Message Step 1 Select one of the following means of communication:               • Ad               • Direct Mail               • Tweet 1....

Biology
1.2K views

O O they do not reproduce sexually by way of gametes they can receive genetic...

Biology
1.2K views

Denaturation of DNA happens at...94C74C60C50C

Physics
1.2K views

In Searle s experiment which is used to find Young s Modulus of elasticity the...

Basic Math
1.2K views

As the degrees of freedom increase, what distribution does the Student's t distribution become more...

Statistics
1.2K views

Find 65 of 7 65 of 7 is Type an integer or a decimal

Calculus
1.2K views

Speedometer readings for a motorcycle at 12 seconds intervals are given in the table t...

Accounting
1.2K views

please answer Softbush Co. is concidoring two projects: Their reouired...

Accounting
1.2K views

Gutierrez Company reported net income of $193,200 for 2020 . Gutierrez aiso reported depreciation expense...

Accounting
1.2K views

Required Information Problem 7-78 Compute depreciation, amortization, and book value of long-term assets (L07-4, 7-5)...

Accounting
1.2K views

Richards Corporation uses the FIFO method of process costing. The following information is available for...

Finance
1.2K views

Explain what is a growth investment strategy? Please explain why both large capitalised equities and...