What are the forecast for outstanding receivables

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Reference no: EM13950101

A health system has forecast net patient revenue in the first 3 months of the year as follows (figures in millions): January, $200; February, $140; March, $200. 70% of services are usually paid for in the month that they take place, 20% in the following month, and the final 10% in the next month. Receivables at the end of December were $100 million. What are the forecast for outstanding receivables at the end of March?

A. $132 million B. $100 million C. $78 million D. $92 million

Reference no: EM13950101

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