Question

A health system has forecast net patient revenue in the first 3 months of the year...

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.

$100 million

B.

$78 million

C.

$132 million

D.

$92 million

Business   Finance   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Depotissimo " , has predicted the following sales for the first four months of 2015 January...
Depotissimo " , has predicted the following sales for the first four months of 2015 January $ 7,000 March $    15,000 February $    12,000 April $    18,000 Monthly purchases of raw materials accounts for 50 % of sales forecast for the next month. Of total raw material purchases , payments are 50% in cash in the same month and 50% on credit. Of credit purchases 70% is paid in the following month and 30% is paid in two months. Predicted...
Depotissimo " , has predicted the following sales for the first four months of 2015 January...
Depotissimo " , has predicted the following sales for the first four months of 2015 January $ 6,000 March $    15,000 February $ 11,000 April $    17,000 Monthly purchases of raw materials accounts for 60 % of sales forecast for the next month. Of total raw material purchases , payments are 60% in cash in the same month and 40% on credit. Of credit purchases 70% is paid in the following month and 30% is paid in two months. Predicted...
Your projected sales for the first 3 months of next year are as follows: January, $15,000;...
Your projected sales for the first 3 months of next year are as follows: January, $15,000; February, $20,000; March, $25,000. Based on last year's data, cash sales are 20 percent of total sales for each month. Of the accounts receivable, 60 percent are collected in the month after the sale and 40 percent are collected in the second month following the sale. Sales for November of the current year are $15,000 and for December are $17,000. You have the following...
The Prince Albert Corporation has forecast the following sales for the first seven months of the...
The Prince Albert Corporation has forecast the following sales for the first seven months of the year.   January $28,000    May 28,000   February 30,000   June 34,000   March 32,000   July 36,000     April 38,000 Monthly material purchases are set equal to 30 percent of forecasted sales for the next month. Of the total material costs, 40 percent are paid in the month of purchase and 60 percent are paid in the following month. Labour costs will run $5,800 per month, and fixed overhead...
Johanson Company has provided the following data for the first five months of the year: Machine...
Johanson Company has provided the following data for the first five months of the year: Machine Hours Lubrication Cost January 120 $750 February 160 $800 March 200 $870 April 150 $790 May 170 $840 Using the High Low Method, compute the expected cost at 140 Machine Hours.
The following are the monthly figures of advertising expenditure and sales of a company. It is...
The following are the monthly figures of advertising expenditure and sales of a company. It is found that advertising expenditure has impact on sales generally after 2 months. Allowing for this time lag, calculate the coefficient of correlation : Month Advertising expenditure (in thousand ) Sales (in units) January 50 1200 February 60 1500 March 70 1600 April 90 2000 May 120 2200 June 150 2500 July 140 2400 August 160 2600 September 170 2800 October 100 2000 November 200...
Dalton Manufacturing is preparing its master budget for the first quarter of the upcoming year. The...
Dalton Manufacturing is preparing its master budget for the first quarter of the upcoming year. The following data pertain to Dalton ​Manufacturing's operations: Current Assets as of December 31 (prior year): Cash. . . . . . . . . . . . . . . . . . . . . . . . . . .$4,460 Accounts receivable, net. . . . . . . . . . . $48,000 Inventory. . . . . . . ....
​(Preparation of a cash budget​) Lewis Printing has projected its sales for the first 8 months...
​(Preparation of a cash budget​) Lewis Printing has projected its sales for the first 8 months of 2016 as​ follows: January ​$120,000 April ​$280,000 July ​$200,000 February   140,000 May   275,000 August   200,000 March   170,000 June   200,000 ​(Click on the icon located on the​ top-right corner of the data table above in order to copy its contents into a spreadsheet.​) PrintDone . Lewis collects 30 percent of its sales in the month of the​ sale, 50 percent in the month following...
Aloha Painting Company has reached the end of its first fiscal year, November 30, 2019. Prepare...
Aloha Painting Company has reached the end of its first fiscal year, November 30, 2019. Prepare any ADJUSTING JOURNAL ENTRIES required for Aloha Painting Co. at November 30, 2019 for a) to e) below. Assume that all original transaction entries were recorded and posted correctly. Omit explanations and do not prepare the original journal entries. a) On November 4, 2019 Aloha Painting received a $6,000 advance payment from Charlie Client as a deposit for a painting job to be done...
[The following information applies to the questions displayed below.] Web Wizard, Inc., has provided information technology...
[The following information applies to the questions displayed below.] Web Wizard, Inc., has provided information technology services for several years. For the first two months of the current year, the company has used the percentage of credit sales method to estimate bad debts. At the end of the first quarter, the company switched to the aging of accounts receivable method. The company entered into the following partial list of transactions during the first quarter. During January, the company provided services...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT