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krakrakels krakrakels
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3 years ago
Giant Koala Stores Inc. has forecasted sales for July through October in the top row of the table. Purchases are 65% of sales. All purchases are made one month in advance of the sale. Ten percent (10%) of suppliers are paid in the month of purchase and the remainder are paid in the following month. What are Giant Koala's purchases in September?

Sales and Purchase Forecast
Giant Koala Stores Inc. ($000,000)
​JulyAugustSeptemberOctober
Sales Forecast$18.000$18.000 $22.000$21.000
Purchases from Suppliers11.70014.300​​
Payments to Suppliers1.1701.430​​
Payments to Suppliers from last Month​ 12.870 


▸ $11.7 million

▸ $13.7 million

▸ $14.3 million

▸ $15.4 million

▸ $15.5 million
Textbook 
Corporate Finance Online

Corporate Finance Online


Edition: 2nd
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sadiewolfsadiewolf
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3 years ago
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krakrakels Author
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3 years ago
Good timing, thanks!
Shassta22
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Yesterday
This helped my grade so much Perfect
ealvino1610
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2 hours ago
Just got PERFECT on my quiz
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