For the practice problem, what is the total budgeted cash receipts for February?

(would it be 8,730?)

So now let's put some numbers to it for the forecasted May cash receipts. 13,000 May cash sales - 10% of $130,000. April credit sales ($120,000 x 90%) X 81,000 75% March credit sales ($110,000 x 90%) X 14,850 15% February credit sales ($100,000 x 6,300 90%) x 7% January credit sales ($90,000 x 90%) 2,430 x 3% So our total budgeted cash receipts for May are $117,580. Please note that is this problem, we have five sources of cash receipts in May. Or another way to say it, sales from 5 different months are paid for in May. Also please note that the number of sources (months) you have in a problem will be based on the AR aging historical schedule given to you in the