Determine the net patient revenue

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Reference no: EM132053046

Your hospital has billed charges of $10,000,000 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.

Reference no: EM132053046

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