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]

A FREE account is required to view all solutions! Click to Register

Login with Facebook Login with Google Login with Email

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

[D2AR0N]

Wow, this really help

[tuate]

Thanks for the timely response, appreciate it