Giant Koala Stores Inc. has forecasted sales for July through ...

[D2AR0N]

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)

​	July	August	September	October
Sales Forecast	$27.000	$27.000	$33.000	$32.500
Cash Sales	15.300	22.950	28.050	27.625
Collections from last Month	​	4.050	4.050	4.950
Total Cash Inflows	​	27.000	32.100	32.575
Total Payments to Suppliers	​	17.940	21.418	​
Wages, General & Admin Expenses	7.560	7.560	9.240	​
Total Disbursements	​	25.500	30.658	​
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

[carojassy25]

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