28 Jun Question A hospital has forecast net patient re
Question
A hospital has forecast net patient revenue in the first 3 months of the year as follows (figures in millions): January $200, February $140, March $100. 50 percent of services are usually paid for in the month that they take place, 30 percent in the following month and the final 20 percent in the next month. Receivables at the end of December were $100 million. What are the forecasted collections on acc
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