Author Question: Giant Koala Stores Inc. has forecasted sales for July and August in the top row of the table. Giant ... (Read 122 times)

joesmith1212 · **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)

	July	August
Sales Forecast	$18.000	$18.000
Cash Sales	15.300
Collections from last month
Total Cash Inflows

◦ $17 million
◦ $18 million
◦ $19 million
◦ $21.15 million
◦ $21.4 million

deja · **Reply #1 on:** Apr 25, 2021

A FREE account is required to view all solutions!

Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.

Answer Preview

Only 64% of students answer this correctly