Nocionis management consultants has found that only 10 of

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Nocioni's Management Consultants 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 2007, Nocioni's invoiced $200,000 to clients. Projected revenues for the first six months of 2008 are given below:
Month Revenue
January $180,000
February 205,000
March 220,000
April 218,000
May 230,000
June 255,000

Reference: Ref 10-2

What are the expected cash receipts for May 2008?

Reference no: EM13567491

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