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jayyyz214 jayyyz214
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3 years ago
Gyrl Skateboards manufactures skateboard decks. Guy Gyrl, the CEO, is forecasting cash flows for the next few months. Forecasted sales are shown on the top row of the table. Gyrl's sales are 25% cash and the rest are credit. It collects two-thirds of the credit sales in the month following the sale, and the remainder two months later. What are Gyrl's forecasted total cash inflows in December?

Gyrl Skateboards Inc.
Sales Forecast and Collections Forecast ($000s)
​OctoberNovemberDecember
Sales Forecast$2,600$2,700 $2,950 
Cash Sales​​​
Collections from last month​​​
Collections from 2 months ago​​​
Total Cash Inflows​​ 


▸ $2,700,000

▸ $2,713,000

▸ $2,738,000

▸ $2,888,000

▸ $2,950,000
Textbook 
Corporate Finance Online

Corporate Finance Online


Edition: 2nd
Authors:
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3 years ago
Helped a lot
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You make an excellent tutor!
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Just got PERFECT on my quiz
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