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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 68 times)

D2AR0N

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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. Forecasted collections from cash and credit sales as well as forecasted payments to suppliers are also shown in the table. Wages, general & administrative expenses are 28% of the current month's sales. Giant Koala starts August with a cash balance of $7.61M. What is the cash balance at the end of September?

Sales Forecast and Cash Budget
Giant Koala Stores Inc. ($000,000)
​JulyAugustSeptemberOctober
Sales Forecast$27.000$27.000$33.000$32.500
Cash Sales15.30022.95028.05027.625
Collections from last Month​4.0504.0504.950
Total Cash Inflows​27.00032.10032.575
Total Payments to Suppliers​17.94021.418​
Wages, General & Admin Expenses7.5607.5609.240​
Total Disbursements​25.50030.658​
Net Cash Flows​​​​
Beginning cash balance​$7.610​​
Plus: Net Cash Flows​​​​
Ending cash Balance​​​​

◦ $7.61 million
◦ $8.61 million
◦ $9.11 million
◦ $10.55 million
◦ $11.62 million
Corporate Finance Online ¦ Eakins, McNally ¦ 2nd Edition
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Marked as best answer by D2AR0N on Apr 25, 2021

carojassy25

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Reply #1 on: Apr 25, 2021
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.
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D2AR0N

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Reply 2 on: Apr 25, 2021
Great answer, keep it coming :)

Dominic

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Reply 3 on: Yesterday
:D TYSM

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