Q2

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 the collection target of April? (b) Why and why not? (c )Present your Cash Collection Schedule for February to April.

Subject: MANAGERIAL ACCOUNTING

Note: Please Write from a Computer or Laptop (easy to write)