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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 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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