E8-11 Calculating Cash Receipts [LO 8-4] Shadee Corp. expects to sell 650 sun visors in May and 420 in June. Each visor sells for $11. Shadee’s beginning and ending finished goods inventories for May are 85 and 55 units, respectively. Ending finished goods inventory for June will be 65 units. It expects the following unit sales for the third quarter: July 515 August 480 September 440 Sixty percent of Shadee’s sales are cash. Of the credit sales, 50 percent is collected in the month of the sale, 36 percent is collected during the following month, and 14 percent is never collected. Required: Calculate Shadee’s total cash receipts for August and September. (Do not round your intermediate calculations. Round your answers to the nearest whole dollar.) rev: 04_01_2017_QC_CS-84728

E8-11 Calculating Cash Receipts [LO 8-4]

Shadee Corp. expects to sell 560 sun visors in May and 420 in June. Each visor sells for $16. Shadee’s beginning and ending finished goods inventories for May are 75 and 50 units, respectively. Ending finished goods inventory for June will be 65 units.

It expects the following unit sales for the third quarter:      

Sixty percent of Shadee’s sales are cash. Of the credit sales, 50 percent is collected in the month of the sale, 38 percent is collected during the following month, and 12 percent is never collected.

Required:

Calculate Shadee’s total cash receipts for August and September. (Do not round your intermediate calculations. Round your answers to the nearest whole dollar.)

*Merriweather Corporation is a manufacturer of tables sold to schools, restaurants, hotels, and other institutions. The table tops are manufactured by Merriweather, but the table legs are purchased from an outside supplier. The Assembly Department takes a manufactured table top and attaches the four purchased table legs. It takes 20 minutes of labor to assemble a table. The company follows a policy of producing enough tables to ensure that 40% of next month's sales are in the finished goods inventory. Merriweather also purchases sufficient raw materials (legs) to ensure that raw materials (legs) inventory is 60% of the following month's scheduled production needs. Merriweather's sales budget in units for the next quarter is as follows: (CMA adapted)
  

Merriweather's ending inventories in units for June 30 are:

The number of tables to be produced during August is:

Money Psychology

How To Retrain Your Brain From Overspending to Saving
by Alana Downer

August 2017 - When you have been hit by the spending bug, it's hard to turn things around. All you want to do is buy yourself something nice, right? Shopping can trigger pleasure centres in the brain and thus is a hard habit to break out of. Here's how to make your brain understand that you need to save, not spend.

Keep Busy

The first thing you need to realise is that idle shopping often happens when you are bored or unhappy. Keeping busy can be an antidote to both of these things. A great way to fill up your time is to take up a new, inexpensive hobby. For example, you might take up needlework, painting, crafting models, or some other task that keeps your hands occupied. When you are busy, you are more likely to be happy and less likely to be bored. This distracts your mind from the possibility of spending.

Reconsider your idea of fun

For many people, there's no better way to spend a night than to go out on the town with friends and enjoy some drinks. This is a lot of fun, but it is also very expensive - and can even be damaging to your health. Start reconsidering your idea of fun. You don't have to spend money to have a good time. Invite your friends over for a drink at your place - you can have a good time and save a lot of money on drinks and entry fees. Watch a movie on TV together, go and play sports in the local park, or just find a quiet place to chat - these things can all be a lot of fun without having to cost you any money at all.

Make a budget

Often, overspending happens because you don't really know how much money you have spent. Make a budget by first calculating how much money you get paid each month. Now take out any monthly expenses such as bills, rent or mortgage, and items that you are paying off. Make sure that these payments are automated so you never miss them. What you have left is your spending budget. You can install an app on your phone to keep tracking of your spending - once you see how much money you are giving away, you will realise you need to cut down. You can also even set up a direct debit which goes from your bank account to your savings account as soon as you get paid.

Always pay in cash

Another trick to stop you spending so much is to stop using credit cards or debit cards. Withdraw a certain amount of money at the start of the week and use it for all of your spending. This way, you will physically see the cash that you are spending. When you use a card, you can be fooled by the fact that it is not real cash and doesn't register in your brain the same way. Using a cash-only rule also provides more limitations. You won't be able to make larger purchases because you don't carry that much money around. You will also be forced to stop spending when you have already spent your budget for the week.

There are lots of ways to stop yourself from spending, but until your brain is really on board, there is always a risk that you will overspend again. Use these tricks and you will find that you are more aware of every penny that you spend. That makes it a lot easier to avoid spending when you really need to be saving.

About the author

Alana Downer is an avid blogger and self-improvement enthusiast, interested in all aspects of achieving financial independence. At the moment Alana is writing for Learn To Trade, where she helps like-minded people and shares her tips and strategies with her audience.

I need to summarize the above article in one page

Van Hatten Consolidated has three operating divisions: DeMent Publishing Division, Ankiel Security Division, and Depp Advisory Division. Each division maintains its own accounting system but follows IFRS.

(a)

For each division’s revenue arrangements, identify the separate performance obligations, briefly explain the allocation of the transaction process to each performance obligation, and indicate when the performance obligations are satisfied.

What is the current rate (approximately) for a 30-year fixed-rate mortgage? How will rising or falling interest rates affect a future home purchase? In what situation might you prefer a variable rate mortgage?

Every second at a particular waterfall, some 6996 m³ of water falls a distance of 37 m. What is the increase in entropy in kJ/K, per second due to the falling water? (Assume a 23°C environment).

Describe in detail how the respiratory, circulatory, and urinary systems would react to a sudden and serious decrease in blood pressure (hypotension) OR a sudden decrease in plasma pH (acidosis) to compensate for the decrease by raising the falling pressure or pH.

This format should allow you more time to think about your answer. The length of your answers should range from 2-4 paragraphs, depending on the complexity of the question. Remember to use the readings and your class notes to answer the questions. Use citations/quotes and then go on to interpret and explain the quote in your own words.

The falling rate of profit is a fundamental theory in Marxist economics. Describe what the rate of profit is and how the capitalist goal of accumulating more and more profit leads to a general fall in the profit rate for the economy as a whole. Describe the countervailing forces that can reverse the tendency for the profit rate to fall. Finally what is “deskilling” and how can it be used to offset the falling rate of profit?

I am trying to find an appropriate statistical test to run for a research study using someone else's gathered data (so that no IRB process is needed). In their data they present:

Likelihood of Falling Asleep:

Never 17

Seldom 22

Moderate 15

High 12

Use of napping during duty:

Never 27

Rarely 19

Sometimes 16

Often 4

Both of these seem to be independent variables, but is there a way to show a relationship (or lack thereof) without a dependent variable. In this case the dependent variable could be "pilot" of which 66 were surveyed for the study that I am taking the data from. Trying accurately to show whether or not the likelihood of falling asleep in the cockpit is related to whether or not the pilot naps on duty outside of the cockpit.

Thanks!