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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

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 starts December with $50,000 of cash in the bank, then what will its cash balance be at the end of January?

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February Gyrl Skateboards Inc. Sales Forecast and Cash Budget (5000s) December January Sales forecast $4,425 $3,818 Total Cash inflows 4,106 4,179 Total Cash Outflows 3,877 3,710 Net cash flow Beginning Cash Balance $50 $4,193 4,063 4,638 Plus: Net Cash Flows Ending Cash Balance O a $521,000 O b. $229,000 O c $698,000 O d. $469,000 O e. $748,000

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