Jazzy Janitors has found that only 10% of its invoiced amounts are paid in the same month that the work is completed.60% 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, 2017, Jazzy Janitors' invoiced $200,000 to clients.Projected revenues for the first six months of 2018 are given below: What are the expected cash receipts for March 2018?
A) $224,800
B) $151,000
C) $265,000
D) $205,000
Correct Answer:
Verified
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