Gyrl Skateboards Manufactures Skateboard Decks A)$2,050,000
B)$2,168,000
C)$2,270,000
D)$2,568,000
E)$2,757,000

question 32

Multiple Choice

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)
$$\begin{array} { | l | c | c | c | c | } \hline & \text { November } & \text { December } & \text { January } & \text { February } \\\hline \text { Sales Forecast } & \$ 2,700 & \$ 2,950 & \$ 2,545 & \$ 2,795 \\\hline \begin{array} { l } \text { Purchases from } \\\text { Suppliers }\end{array} & & & & \\\hline \begin{array} { l } \text { Payments to Suppliers } \\\text { Payments one month } \\\text { after }\end{array} & & & & \\\hline \begin{array} { l } \text { Total Payments to } \\\text { Suppliers }\end{array} & & & & \\\hline\end{array}$$

• A)$2,050,000
• B)$2,168,000
• C)$2,270,000
• D)$2,568,000
• E)$2,757,000

Understand the concept and utility of market-product grids in market segmentation and targeting.

Recognize the criteria for selecting target markets and the importance of market size, compatibility with company goals, and accessibility.

Understand the role of product groupings in influencing customer shopping experience and marketing strategies.

Identify the factors involved in deciding against targeting certain market segments.

---

Definitions:

Litigation

The process of taking legal action or bringing a lawsuit in court to resolve disputes or enforce rights.

Interviewing Debtors

The process of questioning individuals who owe money to determine their ability to repay debts, often conducted by creditors or collection agencies.

Bankruptcy Law

A body of laws governing the process through which individuals or entities who cannot repay debts to creditors may seek relief from some or all of their debts.

Reviewing Insurance Contracts

The process of examining insurance agreements to understand the terms, coverage, exclusions, and responsibilities outlined within.