Question: 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

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.

MonthRevenue

November 2013 $85,000

December 2013 90,000

January 2014 92,000

February 2014 87,000

March 2014 69,000

April 2014 83,000

a)Calculate the monthly cash receipts for January, February, and March of 2014.

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