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What should be budget for total cash collections in december

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Integrated Health Associates (IHA) is in the process of preparing a cash budget for December. IHA had the following results for the past 3 months:

Month                Net patient service revenue             Amount of the month's revenue uncollected at November 30

September                 $150,000                                                            $0

October                       $120,000                                                      $12,000

November                     $180,000                                                   $54,000

Question 1: Assume IHA has no uncollectible accounts. In December, IHA is expecting $200,000 in net patient service revenue. If IHA expects the same pattern of cash collections as in previous months, what should be budgeted for total cash collections in December in IHA's cash budget?

Reference no: EM132487474

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