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Author Question: Windy City Kite Company has prepared sales forecasts for the first quarter of Year 3 as shown in the ... (Read 153 times)

altibaby

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Windy City Kite Company has prepared sales forecasts for the first quarter 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. How much of the total January collections from customers are from January sales?

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 

◦ $0
◦ $500
◦ $750
◦ $1,000
◦ $1,050


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Marked as best answer by altibaby on Apr 25, 2021

tennis14576

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altibaby

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Reply 2 on: Apr 25, 2021
YES! Correct, THANKS for helping me on my review


kjohnson

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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