A Ski Resort with a Calendar Year-End Is Likely to Have

Multiple Choice

A ski resort with a calendar year-end is likely to have:

A) unpredictable fluctuations in cash flow from quarter to quarter.
B) the largest cash inflow from operating activities in the second and third quarters (April - September) .
C) a fairly stable cash flow across all four quarters.
D) the largest cash inflow from operating activities in the fourth and first quarters (October - March) .