Solution-Your hospital has billed charges of 4000000 in

Your hospital has billed charges of 4000000 in february if

Reference no: EM13350956

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: EM13350956

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Your hospital has billed charges of 4000000 in february if

Reference no: EM13350956

Reference no: EM13350956

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Finance Basics Questions & Answers

Financial reporting and analysis

A report on financial accounting

Describe the types of financial ratios

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What are the implied interest rates

State pricing theory and no-arbitrage pricing theory

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Effect of financial leverage

Evaluate the basis for the payment to the lender

Importance of opps, ipps, mpfs and dmepos

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