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Author Question: Windy City Kite Company has prepared sales forecasts for the beginning of Year 3 as shown in the top ... (Read 127 times)

bobthebuilder

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Windy City Kite Company has prepared sales forecasts for the beginning of Year 3 as shown in the top row of the table. Half of Windy City's kite sales are cash and the other half are credit. Windy City collects credit sales the month following the credit sale. What are Windy City's total cash inflows from customers for January?

Windy City Kite Company
Sales Forecast and Collections Forecast
DecemberJanuaryFebruary
Sales Forecast$1,100$1,000 $2,000 
Cash Collections
Collections from Sales last month
Total Cash Inflows 

◦ $500
◦ $550
◦ $1,000
◦ $1,050


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Marked as best answer by bobthebuilder on Apr 25, 2021

Chocorrol77

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bobthebuilder

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


epscape

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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