Norm’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

Norm’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 2012, norm’s invoiced $200,000 to clients. projected revenues for the first three months of 2013 are given below: month revenue january $180,000 february 215,000 march 220,000 what is the expected accounts receivable balance at march 31, 2013?