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What should be budgeted for total cash collections

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Reference no: EM133176403

Question - Orlando Clinic (OC) is in the process of preparing a cash budget for December. OC had the following results for the past three months:

Net patient service revenue

September $140,000

October $100,000

November $160,000

OC has no uncollectible accounts. In December, OC is expecting $180,000 in net patient service revenue. Typically, OC collects charges as follows: 70% during the month of service, 20% during the second month, and 10% during the third month. What should be budgeted for total cash collections in December in OC's cash budget?

Reference no: EM133176403

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