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4- XYZ Company makes collections on sales according to the following schedule: February March April Expected Sales $ 112,000 $ 150,000 $ 100,000 50% in
4- XYZ Company makes collections on sales according to the following schedule: February March April Expected Sales $ 112,000 $ 150,000 $ 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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