In an effort to improve cash collection, Suburban Medical Clinic offers terms of 2/10, n/30, with...

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In an effort to improve cash collection, Suburban Medical Clinic offers terms of 2/10, n/30, with a 5% discount on patient payments made with cash Suburban estimates its total billings for the second calendar quarter of the year as follows: April, $320,000; May, $384,000, and June, $464,000. Historically, Suburban has had the following patient collection patterns: Portions of Total Sales In month of sale: Cash at time of sale On account during the discount period 20% 10% On account after the discount period In month following sale: On account after the discount period In second month following sale: On account after discount period Average portion uncollectible 15% 596 100% What would be: uburban's budgeted total cash collections for June? In an effort to improve cash collection, Suburban Medical Clinic offers terms of 2/10, n/30, with a 5% discount on patient payments made with cash Suburban estimates its total billings for the second calendar quarter of the year as follows: April, $320,000; May, $384,000, and June, $464,000. Historically, Suburban has had the following patient collection patterns: Portions of Total Sales In month of sale: Cash at time of sale On account during the discount period 20% 10% On account after the discount period In month following sale: On account after the discount period In second month following sale: On account after discount period Average portion uncollectible 15% 596 100% What would be: uburban's budgeted total cash collections for June?

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