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Giant Koala Stores Inc. has forecasted sales for July and August in the top row of the table. Giant ...

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Giant Koala Stores Inc. has forecasted sales for July and August in the top row of the table. Giant ...

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)

	July	August
Sales Forecast	$18.000	$18.000
Cash Sales	15.300
Collections from last month
Total Cash Inflows

▸ $17 million

▸ $18 million

▸ $19 million

▸ $21.15 million

▸ $21.4 million

Textbook

Corporate Finance Online

Edition: 2^nd

Authors: Eakins, McNally

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