Reference no: EM132972559

Problem 1: Kapamilya, 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. What is the total peso value of firstquarter actual sales that will NOT 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. Php 1,730

b. Php 6,450

c. Php 2,580

d. Php 880