Question: CHAPTER 3: INCOME STATEMENT and STATEMENT OF CHANGES IN EQUITY Homework Problem 1.2 Gross patient service revenue (total charges) $925,000 Contractual allowances & discounts 150,000

CHAPTER 3: INCOME STATEMENT and STATEMENT OF CHANGES IN EQUITY Homework Problem 1.2 Gross patient service revenue (total charges) $925,000 Contractual allowances & discounts 150,000 Charity care (indigent) charges 75,000 Estimated bad debts 40,000 a. Based on the information above, calculate the net patient service revenue. Calculate net patient service revenue if this clinic increased its prices by 5% across the board b. and all other estimates remained the same Using the original data, calculate the net patient service revenue if bad debt increased by 8% C. & charity charges increased by 10%%

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