Cash flow of accounts receivable

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Reference no: EM131540772

Cash flow of accounts receivable. Myers and? Associates, a famous law firm in? California, bills its clients on the first of each month. Clients pay in the following? fashion: ? 40% pay at the end of the first? month, 30% pay at the end of the second? month, 20% pay at the end of the third? month, 5% pay at the end of the fourth? month, and? 5% default on their bills. Myers wants to know the anticipated cash flow for the first quarter of 2015 if the past billings and anticipated billings follow this same pattern. The actual and anticipated billings are as? follows: Fourth Quarter Actual Billings First Quarter Anticipated Billings + Oct. Nov. Dec. Jan. Feb. Mar. ?$331,000 ?$270,000 ?$232,000 ?$2787,000 ?$313,000 ?$329,000 What is the anticipated cash flow for January of 2015 if past billings and anticipated billings follow this same? pattern? What is the anticipated cash flow for February of 2015 if past billings and anticipated billings follow this same? pattern? What is the anticipated cash flow for March of 2015 if past billings and anticipated billings follow this same? pattern?

Reference no: EM131540772

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