Question
4- XYZ Company makes collections on sales according to the following schedule: Expected Sales February $ 112,000 March $ 150,000 April $ 100,000 50% in
4- XYZ Company makes collections on sales according to the following schedule:
|
| Expected Sales |
| February | $ 112,000 |
| March | $ 150,000 |
| April | $ 100,000 |
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 $275,000.
(a) Do you agree with collection target of April?
(b) Why and why not?
(c )Present your Cash Collection Schedule for February to April
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Nike Inc Strategic Audit SWOT Pestle Competitor And Financial Analysis
Authors: Bankim Chandra Pandey
1st Edition
1973352516, 978-1973352518
