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Gyrl Skateboards manufactures skateboard decks. Guy Gyrl, the CEO, is forecasting cash flows for the ...

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Gyrl Skateboards manufactures skateboard decks. Guy Gyrl, the CEO, is forecasting cash flows for the ...

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. Forecasted cash inflows and outflows are also shown in the table. If Gyrl's starts December with $50,000 of cash in the bank, then what will its cash balance be at the end of January?

Gyrl Skateboards Inc.

Sales Forecast and Cash Budget ($000s)

	December	January	February
Sales forecast	$4,425	$3,818	$4,193
Total Cash inflows	4,106	4,179	4,063
Total Cash Outflows	3,877	3,710	4,638
Net cash flow
Beginning Cash Balance	$50
Plus: Net Cash Flows
Ending Cash Balance

▸ $229,000

▸ $521,000

▸ $469,000

▸ $698,000

▸ $748,000

Textbook

Corporate Finance Online

Edition: 2^nd

Authors: Eakins, McNally

Read 57 times

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