Jazzy Janitors Has Found That Only 10% of Its Invoiced

question 104

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 2017, Jazzy Janitors' invoiced $200,000 to clients.Projected revenues for the first six months of 2018 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 are the expected cash receipts for April 2018?

• A)$218,300
• B)$242,300
• C)$153,800
• D)$21,800

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