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Author Question: Giant Koala Stores Inc. has forecasted sales for July and August in the top row of the table. Giant ... (Read 111 times)

joesmith1212

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on: Apr 25, 2021
Giant Koala Stores Inc. has forecasted sales for July and August in the top row of the table. Giant Koala makes 85% of its sales for cash and the remainder on credit. The credit sales are collected one month after the sale. What are Giant Koala's forecasted total cash inflows in August?

Sales Forecast and Cash Collections
Giant Koala Stores Inc. ($000,000)
​JulyAugust
Sales Forecast$18.000$18.000 
Cash Sales15.300​
Collections from last month​​
Total Cash Inflows​ 

◦ $17 million
◦ $18 million
◦ $19 million
◦ $21.15 million
◦ $21.4 million
Corporate Finance Online ¦ Eakins, McNally ¦ 2nd Edition
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Marked as best answer by joesmith1212 on Apr 25, 2021

deja

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Reply #1 on: Apr 25, 2021
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joesmith1212

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Reply 2 on: Apr 25, 2021
Gracias!

LVPMS

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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