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

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

Giant Koala Stores Inc. has forecasted sales for July through October in the top row of the table. Forecasted collections from cash and credit sales as well as forecasted payments to suppliers are also shown in the table. Wages, general & administrative expenses are 28% of the current month's sales. Giant Koala starts August with a cash balance of $7.61M. What is the cash balance at the end of September?

Sales Forecast and Cash Budget

Giant Koala Stores Inc. ($000,000)

	July	August	September	October
Sales Forecast	$27.000	$27.000	$33.000	$32.500
Cash Sales	15.300	22.950	28.050	27.625
Collections from last Month		4.050	4.050	4.950
Total Cash Inflows		27.000	32.100	32.575
Total Payments to Suppliers		17.940	21.418
Wages, General & Admin Expenses	7.560	7.560	9.240
Total Disbursements		25.500	30.658
Net Cash Flows
Beginning cash balance		$7.610
Plus: Net Cash Flows
Ending cash Balance

▸ $7.61 million

▸ $8.61 million

▸ $9.11 million

▸ $10.55 million

▸ $11.62 million

Textbook

Corporate Finance Online

Edition: 2^nd

Authors: Eakins, McNally

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Zainab G.

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Helped a lot

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