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Author Question: Gyrl Skateboards manufactures skateboard decks. Guy Gyrl, the CEO, is forecasting cash flows for the ... (Read 53 times)

SO00

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Gyrl Skateboards manufactures skateboard decks. Guy Gyrl, the CEO, is forecasting cash flows for the next few months. Forecasted sales are shown on the top row of the table. Gyrl's sales are 25% cash and the rest are credit. It collects two-thirds of the credit sales in the month following the sale, and the remainder two months later. What are Gyrl's forecasted total cash inflows in December?

Gyrl Skateboards Inc.
Sales Forecast and Collections Forecast ($000s)
OctoberNovemberDecember
Sales Forecast$2,600$2,700 $2,950 
Cash Sales
Collections from last month
Collections from 2 months ago
Total Cash Inflows 

◦ $2,700,000
◦ $2,713,000
◦ $2,738,000
◦ $2,888,000
◦ $2,950,000


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Marked as best answer by SO00 on Apr 25, 2021

laurnthompson

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SO00

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Reply 2 on: Apr 25, 2021
:D TYSM


mcabuhat

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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