(4) How much cash will collect in January and February under these assumptions? . 90% of sales are credit sales: 10% are paid in cash Actual sales were October: $250,000, November: $300,000 & December $200,000 Forecast sales are: January $40,000; February $50,000 & March $300,000 My Collection aging schedule is: 20% collected in the month of sale, then 50% in the following month; then 15% two months later; finally 5% of t months sales are collected over 90 days later. January Sales: $40,000 Cash: $40,000 X 20% + $200,000 x 50% + $300,000 x 15% + $250,000 x 5% = Cash Collected: $165,000 February Sales: $50,000 Cash: $50,000 x 20% $40,000 x 50% + $200,000 x 15% + $300,000 x 5% = Cash Collected: $75,000