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
$$\begin{array} { | l | c | c | c | }
\hline & \text { December } & \text { January } & \text { February } \
\hline \text { Sales Forecast } & \$ 1,100 & \$ 1,000 & \$ 2,000 \
\hline \text { Cash Collections } & & & \
\hline \text { Collections from Sales } & & & \
\text { last month } & & & \
\hline \text { Total Cash Inflows } & & & \
\hline
\end{array}$$

Question

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
$$\begin{array} { | l | c | c | c | } 
\hline & \text { December } & \text { January } & \text { February } \
\hline \text { Sales Forecast } & \$ 1,100 & \$ 1,000 & \$ 2,000 \
\hline \text { Cash Collections } & & & \
\hline \text { Collections from Sales } & & & \
\text { last month } & & & \
\hline \text { Total Cash Inflows } & & & \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of 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
$$\begin{array} { | l | c | c | c | } 
\hline & \text { December } & \text { January } & \text { February } \
\hline \text { Sales Forecast } & \$ 1,100 & \$ 1,000 & \$ 2,000 \
\hline \text { Cash Collections } & & & \
\hline \text { Collections from Sales } & & & \
\text { last month } & & & \
\hline \text { Total Cash Inflows } & & & \
\hline
\end{array}$$

Windy City Kite Company Has Prepared Sales Forecasts for the First