Shawn, Inc. makes Lego figures. The budget reports Shawn planson selling 15 figures in...

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Accounting

Shawn, Inc. makes Lego figures. The budget reports Shawn planson selling 15 figures in November, 20 in December, and 5 in January– all on credit. Each figure sells for $20 and costs Shawn $5.Shawn receives 50% of the current month’s sells during the currentmonth and 50% in the following month. Shawn pays 100% of his costsin the current month. Shawn makes sure he has 40% of next month’ssales available in inventory at the end of the current month. Basedon this, Shawn begins November with 6 figures already made.
1. How much cash will Shawn receive from customers inDecember?
2. How much cash will Shawn receive from customers inJanuary?
3. How much will Shawn's cash account change in December?

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In: AccountingShawn, Inc. makes Lego figures. The budget reports Shawn planson selling 15 figures in November,...Shawn, Inc. makes Lego figures. The budget reports Shawn planson selling 15 figures in November, 20 in December, and 5 in January– all on credit. Each figure sells for $20 and costs Shawn $5.Shawn receives 50% of the current month’s sells during the currentmonth and 50% in the following month. Shawn pays 100% of his costsin the current month. Shawn makes sure he has 40% of next month’ssales available in inventory at the end of the current month. Basedon this, Shawn begins November with 6 figures already made.1. How much cash will Shawn receive from customers inDecember?2. How much cash will Shawn receive from customers inJanuary?3. How much will Shawn's cash account change in December?