Question
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 Kite Company has prepared sales forecasts for the beginning of Year 3 as shown in the top row of the table. Half of Windy Citys kite sales are cash and the other half are credit. Windy City collects credit sales the month following the credit sale. What are Windy Citys total cash inflows from customers for January?
Windy City Kite Company
Sales Forecast and Collections Forecast
December | January | February | |
Sales Forecast | $1,100 | $1,000 | $2,000 |
Cash Collections | |||
Collections from Sales last month | |||
Total Cash Inflows |
Group of answer choices
A) $550
B) $500
C) $1,050
D) $1,000
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