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Business, 07.04.2020 20:07 luisanavarrogarcia

"hadee Corp. expects to sell 600 sun visors in May and 440 in June. Each visor sells for $15. Shadee’s beginning and ending finished goods inventories for May are 65 and 55 units, respectively. Ending finished goods inventory for June will be 55 units. It expects the following unit sales for the third quarter:July 530August 450 September 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.

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