Your hospital has billed charges of 4000000 in february., Ask an Expert

Accounting

Your hospital has billed charges of $4,000,000 in February. If your collection experience indicates that 20 percent is paid in the month billed, 40 percent in the second month, 20 percent in the third month, and 5 percent in the fourth month, determine the following values:

a) Net patient revenue for February

b) Collections of February charges in February

c) Net accounts receivable at the end of March for February billings

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9438588

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