A music publishing firm located in Texas bills its clients on the first of the month. For example any
sale make in the month of July get billed on August 1 and is due Sept 1.
Clients traditionally pay as follows: 50% at the end of the first month
40% at the end of the second month 8% at the end of the third month
and 2% default on their bills. If accounts recievable are collected as anticipated
what is the last month in which January bills will be collected?
Jan Feb Mar April May June
88 000 74000 96000 99000 82000 63000
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