The Treasury manager at XYZ Company is targeting to make a specific amount of sales for the first three months of 2021. Based on his analysis, he expects to sell products worth $130,000 in January, $170,000 in February, and $200,000 in March. Based on their analysis, they expect to receive 50% of the amount target in the month of sale, 10% in the month following sale and 40% in the second month following sale. After the manager conducted an analysis of the cash collection, he determines that the company's target collection for March should be $225,000. Based on your answer, determine whether the target set by the manager is correct or not.

Answer rating: 100% (QA)

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