Respuesta :
Answer:
August = $5, 472
September = $5,419
Explanation:
Shadee Corporation
Cash Receipt Budget
For the month of August & September
August September
Sales Volume 460 470
Price per unit 12 12
Total Sales $5,520 $5,640
60% Cash Sales $3,312 $3,384
Credit Sales:
54% collected in the month of sales
$1,192 $1,218
37% collected in the following month
$968 (1) $817
Total budgeted cash receipt
$5,472 $5,419
Note: (1)
37% of July's credit sale will be collected in the month of August. Therefore,
July's total sales = 545 × 12 = $6540
60% of them is cash = $3,924
Remaining is credit = $2,616
37% of credit sales = $2,616 × 37% = $968
When The Total cash receipts for August and also September
The Total cash receipts for August are = $5,472
The Total cash receipts for September are = $5,419
Calculation of Cash Receipts
Shade Corporation
Then the Cash Receipt Budget
For August & September
August September
Then Sales Volume 460 470
Price per unit 12 12
Therefore, The Total Sales of $5,520 $5,640
60% Cash Sales $3,312 $3,384
Then the Credit Sales:
54% collected in the month of sales
$1,192 $1,218
Then, 37% were collected in the following month
$968 (1) $817
The Total budgeted cash receipt
$5,472 $5,419
Note: (1)
37% of July's credit sale will be collected in August. Therefore,
July's total sales = 545 × 12 = $6540
60% of them is cash = $3,924
Remaining is credit = $2,616
Therefore, 37% of credit sales = $2,616 × 37% = $968
Find more information about Cash Receipts here:
https://brainly.com/question/26242274