Net patient revenue for february


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 values:

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

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Net patient revenue for february
Reference No:- TGS079015

Expected delivery within 24 Hours