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What are the forecasted collections on accounts receivable

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Problem 1: J. Bieber Health System (JBHS) has forecast net patient revenue in the first 3 months of the year as follows (figures in millions): January, $60; February, $80; March, $100. 30% of services are usually paid for in the month that they take place and 70% in the following month. Receivables at the end of December were $24 million. What are the forecasted collections on accounts receivable in March?

Reference no: EM132994725

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