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    Nocioni's Management Consultants

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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?

    Student Response
    1. $219,800
    2. $221,800
    3. $230,000
    4. $228,900

    Score: 0/0.4

    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 April 2008?

    Student Response
    1. $218,000
    2. $215,300
    3. $219,800
    4. $217,900

    Score: 0/0.36

    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 March 2008?

    Student Response
    1. $199,000
    2. $207,000
    3. $128,500
    4. $220,000

    Score: 0/0.33

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    Solution Preview

    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 ...

    Solution Summary

    This solution is comprised of a detailed explanation to answer what are the expected cash receipts for May 2008.

    $2.19

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