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vet10537 vet10537
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3 years ago
Giant Koala Stores Inc. has forecasted sales for July and August in the top row of the table. Giant Koala makes 85% of its sales for cash and the remainder on credit. The credit sales are collected one month after the sale. What are Giant Koala's forecasted total cash inflows in August?

Sales Forecast and Cash Collections
Giant Koala Stores Inc. ($000,000)
​JulyAugust
Sales Forecast$18.000$18.000 
Cash Sales15.300​
Collections from last month​​
Total Cash Inflows​ 


▸ $17 million

▸ $18 million

▸ $19 million

▸ $21.15 million

▸ $21.4 million
Textbook 
Corporate Finance Online

Corporate Finance Online


Edition: 2nd
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kiukiu
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#1
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3 years ago
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vet10537 Author
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3 years ago
Helped a lot
jasonbourne
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Yesterday
Thank you, thank you, thank you!
zsc999
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2 hours ago
This helped my grade so much Perfect
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