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19sspeck 19sspeck
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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 cost of goods sold is 81.2% of sales. Gyrl buys its raw materials one month prior to the sale of the finished product. It pays for half of its raw materials in the same month as the purchase and half in the following month. What are Gyrl's purchases in January?

Gyrl Skateboards Inc.
Sales and Purchase Forecast ($000s)
​NovemberDecemberJanuaryFebruary
Sales Forecast$2,700$2,950$2,545$2,795
Purchases from Suppliers​​​​
Payments to Suppliers​​​​
Payments one month after​ ​ 


▸ $2,067,000

▸ $2,150,000

▸ $2,225,000

▸ $2,270,000

▸ $2,395,000
Textbook 
Corporate Finance Online

Corporate Finance Online


Edition: 2nd
Authors:
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gymnasticsxogymnasticsxo
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3 years ago
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19sspeck Author
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3 years ago
this is exactly what I needed
Marcie D
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Yesterday
Brilliant ツ
Danivalda
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2 hours ago
Smart ... Thanks!
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