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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

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:

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 April, 2014?

A. $218,300

B. $242,300

C. $153,800

D. $21,800

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