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)
October November December
Sales Forecast $2,600 $2,700 $2,950
Cash Sales
Collections from last month
Collections from 2 months ago
Total Cash Inflows
A) $2,700,000
B) $2,713,000
C) $2,738,000
D) $2,888,000
E) $2,950,000
C
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