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

Question

1. A health system has forecast net patient revenue in the first 3 months of the year as follows (figures in millions): January, $90; February, $20; March, $30. 70% of services are usually paid for in the month that they take place and 30% in the following month. Receivables at the end of December were $20 million. What are the forecasted collections on accounts receivable in March?

$27 million

$50 million

$23 million

$35 million

1.      A health system has forecast net patient revenue in the first 3 months of the year as follows (figures in millions): January, $80; February, $60; March, $40. 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 $23 million. What are the forecasted collections on accounts receivable in March?

$180 million

$13 million

$40 million

$48 million

1.      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, $100. 50% of services are usually paid for in the month that they take place, 30% in the following month, and the final 20% in the next month. Receivables at the end of December were $100 million. What are the forecasted collections on accounts receivable in March?

$132 million

$100 million

$240 million

$92 million

1.      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?

$132 million

$100 million

$78 million

$92 million

$27 million

$50 million

$23 million

$35 million

Explanation / Answer

Solution.

1.

$27 million

2.

$48 million

3.

4.

Particular's Dec Jan Feb Mar Total Receivables $20 $90 $20 $30 C/f of dec 0 20 0 0 Jan 70%,30% 0 63 27 0 Feb 70%,30% 0 0 14 6 Mar 70%,30% 0 0 0 21 Total 0 83 41 27

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