Posted by **Karam** on Friday, June 24, 2011 at 9:19am.

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 value:

(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

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