XYZ Company expects the following sales and collection pattern for the first 4 months of the year. Month Cash Sales Credit Sales Total Sales January $12,000 $23,000 $35,000 February $8,000 $22,000 $30,000 March $9,000 $25,000 $34,000 April $11,000 $28,000 $39,000 • 5% of credit sales are collected in the same month. • 75% of sales are collected in the following month. • 15% of sales are collected in the second following month. What are the projected cash collections for the month of March? Group of answer choices $17,250 $21,200 $30,200 $41,200

Fanning company is considering the addition of a new product to its cosmetics line. the company has three distinctly different options: a skin cream, a bath oil, or a hair coloring gel. relevant information and budgeted annual income statements for each of the products follow. skin cream bath oil color gel budgeted sales in units (a) 110,000 190,000 70,000 expected sales price (b) $8 $4 $11 variable costs per unit (c) $2 $2 $7 income statements sales revenue (a × b) $880,000 $760,000 $770,000 variable costs (a × c) (220,000) (380,000) (490,000) contribution margin 660,000 380,000 280,000 fixed costs (432,000) (240,000) (76,000) net income $228,000 $140,000 $204,000 required: (a) determine the margin of safety as a percentage for each product. (b) prepare revised income statements for each product, assuming a 20 percent increase in the budgeted sales volume. (c) for each product, determine the percentage change in net income that results from the 20 percent increase in sales. (d) assuming that management is pessimistic and risk averse, which product should the company add to its cosmetics line? (e) assuming that management is optimistic and risk aggressive, which product should the company add to its cosmetics line?