An accounts receivable system normally places debts or receivables from its cust

An accounts receivable system normally places debts or
receivables from its customers into one of several categories or states depending
on how overdue the oldest unpaid bill is. Of course the exact categories or
states depend on the policy set by each company. Four typical states or
categories for an accounts receivable application follow:Next
MonthThis
MonthPaidBad
Paid1to3
MonthsPaid1000Bad
Debit0100Less
than one Month0.600.20.21
to 3 Months0.40.10.30.2State 1 : paid
all billsState 2 : bad
debt overdue more than three monthsState 3 : overdue
less than one monthState 4 : overdue
between one and three monthsAssume that there is $ 2000 in the less than one month
category and $5000 in the one to three month category. How much amount will
eventually be paid up and how much will be become bad debts