Jazzy Janitors has found that only 10% of its invoiced amounts are paid in the same month that the work is completed. Sixty percent are paid in the month after the work is completed and 30% are paid in the second month after the work is completed. During December 2013, Jazzy Janitors' invoiced $200,000 to clients. Projected revenues for the first six months of 2014 are given below: What are the expected cash receipts for April, 2014?
A) $218,300
B) $242,300
C) $153,800
D) $21,800
Correct Answer:
Verified
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