Solution-What are the expected cash receipts for march

What are the expected cash receipts for march

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Reference no: EM133145869

Question - Nelson'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 2010, Nelson's invoiced $200,000 to clients. Projected revenues for the first six months of 2010 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 March 2010?

Reference no: EM133145869

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What are the expected cash receipts for march

Reference no: EM133145869

Reference no: EM133145869

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