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Jazzy Janitors has found that only 10% of its invoiced amounts are paid in the...

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Accounting

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, 2013, Jazzy Janitors invoiced $200,000 to clients. Projected revenues for the first six months of 2014 are given below: Month Revenue January $180,000 February 215,000 March 220,000 April 218,000 May 240,000 June 255,000 What are the expected cash receipts for March, 2014?

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