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

For the purpose of a cash receipts budget, we are not primarily thinking terms of sales in a month, but we see the amount of cash received in a month comes from multiple months. That cash received will come from sales in various months. As an example, let's assume sales are as follows: January 90,000 February 100,000 March 110,000 April 120,000 130,000 May Let's further assume as we look to project cash receipts for May that cash sales are 10% of total sales for each month. And we expect the following aging pattern to remain constant for credit sales Invoices Paid Within 30 day 75% Invoices Paid Between 31 and 60 days 15% Invoices Paid Between 61 and 90 days 79% Invoices Paid Between 91 and 120 days 39%