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Furkan Furkan
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A year ago
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
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Corporate Finance Online

Corporate Finance Online


Edition: 2nd
Authors:
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big_larry_sampbig_larry_samp
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A year ago
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Just got PERFECT on my quiz
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This calls for a celebration Person Raising Both Hands in Celebration
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I appreciate what you did here, answered it right Smiling Face with Open Mouth
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