Answer:
(As sales data is missing in question lets assume that sales made in January is 100,000 dollars and in February is 150,000 dollars. It is assumed that 5% of sales remain uncollected)
Cash collected in February amounts to $ 122,500
Explanation:
To calculatethe amount of cash received in the month of february two thing will be taken in consideration that is 40% of January sales and 55% of february sales.
Feb Cash
40% of Jan sales = 100,000 * 40% = $ 40,000
55% of Feb sales =150,000 * 55% = $ 82,500
Total Cash = $ 122,500
