Biology Forums - Study Force

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

​	December	January	February
Sales Forecast	$1,100	$1,000	$2,000
Cash Collections	​	​	​
Collections from Sales last month	​	​	​
Total Cash Inflows	​	​
​	​	​	​
Beginning accounts receivable	​	550	500
Ending accounts receivable	​	$500	​

▸ $500

▸ $1,000

▸ $1,250

▸ $1,500

▸ $2,500

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