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Windy City Kite Company has prepared sales forecasts for the first quarter of Year 3 as shown in the ...

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Windy City Kite Company has prepared sales forecasts for the first quarter of Year 3 as shown in the ...

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. How much of the total January collections from customers are from January sales?

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

▸ $0

▸ $500

▸ $750

▸ $1,000

▸ $1,050

Textbook

Corporate Finance Online

Edition: 2^nd

Authors: Eakins, McNally

Read 170 times

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More solutions for this book are available here

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Thanks for your help!!

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