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Homework: Chapter 13 Homework HW Score: 11.11% 1 of 9 5 of 9 12 complete) Score: 0 of 1 pt Question Helo P13-10 (similar to)

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Homework: Chapter 13 Homework HW Score: 11.11% 1 of 9 5 of 9 12 complete) Score: 0 of 1 pt Question Helo P13-10 (similar to) Cash flow of accounts receivale. Myers and Associades a famous law firm in California, bills its clients on the first of each month Clients pay in the fashion 40% pay at the end of the first month, 30% pay at the end of the secnnd mot 20% The first month, 25 at the end of the second month and 10% at the end of the third month. The uncollectible pay at the end of this month, 5 pay at the end of the fourth month, and 5% default on their bills. Theounts will remain at 5% What will be the new cash flow with this change for the first quarter of 2015 if the new system takes affect in January? Assume payments from the fourth quarter will stay on the old payment schedule Click on the one in order to ropy its content into a spreadsheet Fourth Quarter Actual Billings First Charter Anticipated Billings Oct Now Dec Jan Feh Mar $504 000 $412,000 $373,000 18436,000 $459.000 $548,000 What is the anticipated cash flow for.anuary of 2015 il past bilings follow the old billing patter and anticipated billings fellow the new buing patter? Round to the rest dolar)

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