(Answered) Your hospital has billed charges of 4000000 in february if

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

(a) Net patient revenue for February

(b) Collections of charges in February

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