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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 87 times)

joesmith1212

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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


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Marked as best answer by joesmith1212 on Apr 25, 2021

deja

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joesmith1212

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Reply 2 on: Apr 25, 2021
Gracias!


vickyvicksss

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Reply 3 on: Yesterday
Excellent

 

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