Refer to information in E33-5 for Shadee Corp. It expects the following unit sales for the third quarter: July 625 August 490 September 450 Sixty percent of Shadee’s sales are cash. Of the credit sales, 50 percent is collected in the month of the sale, 45 percent is collected during the following month, and 5 percent is never collected. Required: Calculate Shadee’s total cash receipts for August and September.
