Optimum Initial Billing Period
نویسندگان
چکیده
When a firm starts a new monthly customer account, they typically will bill new customers one month from the start of the new account. However, if they have the opportunity to choose the date of the first bill, this results in missing an opportunity for additional profit. This paper calculates the initial billing period that maximizes the net present value to the firm, and calculates the net gain to the firm. In low inflation environments, firms should date the first bill one-half month after the account is opened, and will gain the interest on 1/96 of a monthly bill for a year. JEL Codes: D02, C61
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