QUESTION 4 Gyrl Skateboards manufactures skateboard decks. Guy Gyrl, the CEO, is forecasting cash flows for...

 

Transcribed Image Text:

QUESTION 4 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) November December January $2,700 $2,950 $2,545 Sales Forecast Purchases from Suppliers Payments to Suppliers Payments one month after Total Payments to Suppliers a. $2,270,000 b. $2,050,000 c. $2,168,000 d. $2,757,000 e. $2,568,000 February $2,795 QUESTION 4 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) November December January $2,700 $2,950 $2,545 Sales Forecast Purchases from Suppliers Payments to Suppliers Payments one month after Total Payments to Suppliers a. $2,270,000 b. $2,050,000 c. $2,168,000 d. $2,757,000 e. $2,568,000 February $2,795

Answer rating: 100% (QA)

Answer To find Gyrl Skateboards total payments to suppliers in January we need to consider the timin... View the full answer