Vicor, a movie production firm located in Makati City, bills its clients on the first of the month. For

example, any sale made in the month of July is billed August 1 and is due September 1. Clients

traditionally pay as follows: 50% by the end of the first month , 40% by the end of the second month ,

8% by the end of the third month , and 2% default on their bills. If accounts receivable are collected

as anticipated, what is the last month in which January sales will be collected?

First-Quarter Sales Second-Quarter Estimated Sales

January February March April May June

Php 44,000 Php 37,000 Php 48,000 Php 49,500 Php 41,000 Php 31,500

Select one:

a. June

b. May

c. April

d. March