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Evaluate the total patient revenue for february

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Reference no: EM134969

Your hospital has billed charges of $4,000,000 in February. If your collection experience shows that 20% is paid in the month billed, 40 percent  in the second month, 20% in the third month, and 5% in the 4th month. 

Evaluate the following values: 

a) Total patient revenue for February 

b) collection of February charges in February 

c) Total account receivable at the end of March for February billings

Reference no: EM134969

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