Reference no: EM132970768

Jazzy Janitors has found that only 10% of its invoiced amounts are paid in the same month that the work is completed. 60% 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

Problem 1: What are the expected cash receipts for March, 2014?