Determine net patient revenue

Assignment Help Accounting Basics

Reference no: EM13148444

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

Reference no: EM13148444

Questions Cloud

Consolidation working papers for corporation and subsidiary : Complete the consolidation working papers for Owl Corporation and Subsidiary.

Would we want contact for inputs or vertically integrate : If we have complex contracting problems and rather cumbersome transactions costs, would we want contact for inputs, or vertically integrate?

Generate forecast for total dollar sales company expect : Assuming that a multiplicative model can be used to describe the sales data, generate a forecast for the total dollar sales the company can expect to receive in July of .

Effect of a change in the price of shoes is always zero : Imelda consumes shoes and a composite of all other goods, whose is price is 1. For Imelda, the income effect of a change in the price of shoes is always zero. Imeldas preferences satisfy all of the usual assumptions

Determine net patient revenue : 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, dete..

What are different ways it can become contaminated : If it's sterile while in the bladder, what are different ways it can become contaminated? For example while obtaining a sample for a culture.

Conclude that vouchers suffered from improper documentation : If you were an auditor and observed more than 30% with improper documentation, what would you conclude about the firms claim that only 20% suffered from improper documentation and why?

How will the construction of the plant affect gdp : How will the construction of the plant affect GDP? Suppose the plant generates $100,000 in corporate profits this year. Will these profits contribute to GDP? Why or why not?

Explain the vapor pressure of water : The vapor pressure of water is 439 mm Hg at 358 K, and the enthalpy of vaporization is 40.7 kj/mol.

User Account

All Pages