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Author Question: Gyrl Skateboards manufactures skateboard decks. Guy Gyrl, the CEO, is forecasting cash flows for the ... (Read 41 times)

krzymel

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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. Forecasted cash inflows and outflows are also shown in the table. If Gyrl's starts December with $50,000 of cash in the bank, then what will its cash balance be at the end of January?

Gyrl Skateboards Inc.
Sales Forecast and Cash Budget ($000s)
DecemberJanuaryFebruary
Sales forecast$4,425$3,818$4,193
Total Cash inflows4,1064,1794,063
Total Cash Outflows3,8773,7104,638
Net cash flow
Beginning Cash Balance$50
Plus: Net Cash Flows
Ending Cash Balance

◦ $229,000
◦ $521,000
◦ $469,000
◦ $698,000
◦ $748,000


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Marked as best answer by krzymel on Apr 25, 2021

Dunkey

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krzymel

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Reply 2 on: Apr 25, 2021
Thanks for the timely response, appreciate it


rachel

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Reply 3 on: Yesterday
:D TYSM

 

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