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Author Question: Gyrl Skateboards manufactures skateboard decks. Guy Gyrl, the CEO, is forecasting cash flows for the ... (Read 78 times)

oliviahorn72

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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 cost of goods sold is 81.2% of sales. Gyrl buys its raw materials one month prior to the sale of the finished product. It pays for half of its raw materials in the same month as the purchase and half in the following month. What are Gyrl's total payments to suppliers in January?

Gyrl Skateboards Inc.
Sales and Payments Forecast ($000s)
NovemberDecemberJanuaryFebruary
Sales Forecast$2,700$2,950$2,545$2,795
Purchases from Suppliers
Payments to Suppliers
Payments one month after  
Total Payments to Suppliers

◦ $2,050,000
◦ $2,168,000
◦ $2,270,000
◦ $2,568,000
◦ $2,757,000


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Marked as best answer by oliviahorn72 on Apr 25, 2021

Anna

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oliviahorn72

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Reply 2 on: Apr 25, 2021
Excellent


kishoreddi

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Reply 3 on: Yesterday
Wow, this really help

 

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