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2- XYZ Company makes collections on sales according to the following schedule: Expected Sales February $ 130,000 March $ 170,000 April $ 200,000 50% in

2- XYZ Company makes collections on sales according to the following schedule:

Expected Sales

February

$ 130,000

March

$ 170,000

April

$ 200,000

50% in the month of sale

20% in the month following sale 30% in the second month following sale

The Treasury Manager conducts an analysis of the cash collection and determines that cash collection target for April should be $225,000.

(a) Do you agree with collection target of April?

(b) Why or why not?

(c )Present your Cash Collection Schedule for February to April.

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