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Calculate the monthly cash receipts for january and february

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Reference no: EM132520708

When Phildor Inc analyzed its payments from customers, it found that 30% of the invoiced amounts were paid in the same month as the work was done and the other 70% were paid in the following month.

Month                               Revenue

November 2013              $85,000

December 2013               90,000

January 2014                   92,000

February 2014                  87,000

March 2014                    69,000

April 2014                    83,000

Question 1: Calculate the monthly cash receipts for January, February, and March of 2014.

Reference no: EM132520708

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