Shadee Corporation's Cash Receipts Analysis

How can we calculate Shadee Corporation's total cash receipts for August and September based on the given data?

Calculation of Shadee Corporation's Cash Receipts:

1. August Cash Receipts:

- Total sales in August = (60% of May sales) + (37% of June credit sales)

- Cash sales = 60% of May sales = 0.60 * 560 shades

- Credit sales collected in August = 37% of June credit sales = 0.37 * 370 shades

- Total cash receipts in August = Cash sales + Credit sales collected in August

2. September Cash Receipts:

- Credit sales collected in September = 52% of June credit sales

- Total cash receipts in September = Credit sales collected in September

Let's calculate the values:

1. August Cash Receipts:

- Cash sales = 0.60 * 560 shades = 336 shades

- Credit sales collected in August = 0.37 * 370 shades = 137 shades

- Total cash receipts in August = Cash sales + Credit sales collected in August

= 336 shades + 137 shades

= 473 shades

2. September Cash Receipts:

- Credit sales collected in September = 0.52 * 370 shades = 192 shades

- Total cash receipts in September = Credit sales collected in September

Therefore, Shadee Corporation's total cash receipts for August and September are:

- August: $473 (rounded to the nearest whole dollar)

- September: $192 (rounded to the nearest whole dollar)

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