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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 RevenueJanuary $180,000February 205,000March 220,000April 218,000May 230,000June 255,000
Reference: Ref 10-2
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