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steve751 steve751
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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. 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)
​DecemberJanuaryFebruary
Sales forecast$4,425$3,818$4,193
Total Cash inflows4,1064,1794,063
Total Cash Outflows3,8773,7104,638
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

Corporate Finance Online


Edition: 2nd
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LoolyLooly
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3 years ago
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steve751 Author
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3 years ago
Thanks
riptide
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Yesterday
You make an excellent tutor!
joyceess
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2 hours ago
This site is awesome
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