In the month of January, Memorial Hospital provided $270,000 in services. If the hospital has a pattern of debt collections of 20% collected in the first month, 30% collected in the second month, 25% collected in the third month, 15% collected in the fourth month, 5% collected in the fifth month, and 5% written off as bad debt in the sixth month, at the end of March (3 months out), how much money will Memorial Hospital have collected?

Answer rating: 100% (QA)

January collections2010027000054... View the full answer