Jazzy Janitors Has Found That Only 10% of Its Invoiced

question 93

Multiple Choice

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: $$\begin{array} { l r } { \text { Month } } &\text { Revenue } \\\text { January } & \$ 180,000 \\\text { February } & 215,000 \\\text { March } & 220,000 \\\text { April } & 218,000 \\\text { May } & 240,000 \\\text { June } & 255,000\end{array}$$ What is the expected Accounts Receivable balance at March 31, 2014?

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Definitions:

Military Pay

The compensation, including salary, benefits, and allowances, provided to members of the armed forces, varying by rank, experience, and duty status.

Civilian Jobs

Employment positions not associated with the military or defense sectors, available to the general public.

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Research conducted to collect and analyze data on wages and salaries within an industry, region, or occupation to determine competitive compensation levels.

Pay Differentials

Variations in pay for employees, often based on factors such as geographic location, job duties, industry standards, or skill levels.