University Hospital is in the process of preparing a cash budget for the month of December....

 

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University Hospital is in the process of preparing a cash budget for the month of December. UH has the following collection results for the past three months: Net patient Service revenues $uncollected A/R at end of November (for each month) September $ 150,000 $ 0 October $ 120,000 $ 12,000 S 180,000 S 200,000 November $ 54,000 December University Hospital has no uncollectible accounts in any month. In December, UH is expecting to bill $200,000 in net patient revenues. Problem: If University Hospital continues to have the same cash collection pattern as in previous months, what should they budget for in 'total cash' collections for the month ending in December? University Hospital is in the process of preparing a cash budget for the month of December. UH has the following collection results for the past three months: Net patient Service revenues $uncollected A/R at end of November (for each month) September $ 150,000 $ 0 October $ 120,000 $ 12,000 S 180,000 S 200,000 November $ 54,000 December University Hospital has no uncollectible accounts in any month. In December, UH is expecting to bill $200,000 in net patient revenues. Problem: If University Hospital continues to have the same cash collection pattern as in previous months, what should they budget for in 'total cash' collections for the month ending in December?

Answer rating: 100% (QA)

From the data given the pattern of collection can be calculated ... View the full answer