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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 96 times)

lilldybug07

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on: Apr 25, 2021
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. What are Windy City's ending accounts receivable in February?

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​​ 
​​​​
Beginning accounts receivable​550500
Ending accounts receivable​$500​

◦ $500
◦ $1,000
◦ $1,250
◦ $1,500
◦ $2,500
Corporate Finance Online ¦ Eakins, McNally ¦ 2nd Edition
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Marked as best answer by lilldybug07 on Apr 25, 2021

juwms

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Reply #1 on: Apr 25, 2021
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lilldybug07

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Reply 2 on: Apr 25, 2021
Wow, this really help

nanny

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Reply 3 on: Yesterday
:D TYSM

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