Answer:
$272,500
Explanation:
The computation of the budgeted cash receipts for February month is shown below:
= February sales × collection percentage + January sales × following month collection percentage
= $325,000 × 30% + $250,000 × 70%
= $97,500 + $175,000
= $272,500
We simply compute the sales based on the collection percentage
All other information which is given is not relevant. Hence, ignored it
