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Author Question: Giant Koala Stores Inc. has forecasted sales for July through October in the top row of the table. ... (Read 326 times)

Destiiny22

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on: Apr 25, 2021
Giant Koala Stores Inc. has forecasted sales for July through October in the top row of the table. Purchases are 65% of sales. All purchases are made one month in advance of the sale. Ten percent (10%) of suppliers are paid in the month of purchase and the remainder are paid in the following month. What are Giant Koala's purchases in September?

Sales and Purchase Forecast
Giant Koala Stores Inc. ($000,000)
​JulyAugustSeptemberOctober
Sales Forecast$18.000$18.000 $22.000$21.000
Purchases from Suppliers11.70014.300​​
Payments to Suppliers1.1701.430​​
Payments to Suppliers from last Month​ 12.870 

◦ $11.7 million
◦ $13.7 million
◦ $14.3 million
◦ $15.4 million
◦ $15.5 million
Corporate Finance Online ¦ Eakins, McNally ¦ 2nd Edition
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Marked as best answer by Destiiny22 on Apr 25, 2021

meow1234

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Reply #1 on: Apr 25, 2021
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Erin Rawls

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Reply #2 on: Apr 11, 2022
Thank you!


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