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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 64 times)

lilldybug07

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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. 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 receivable550500
Ending accounts receivable$500

◦ $500
◦ $1,000
◦ $1,250
◦ $1,500
◦ $2,500


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Marked as best answer by lilldybug07 on Apr 25, 2021

juwms

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lilldybug07

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Reply 2 on: Apr 25, 2021
Gracias!


alvinum

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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