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Category > Business & Finance Posted 22 Jul 2017 My Price 12.00

Given the information below, compute the days in accounts receivable,

Given the information below, compute the days in accounts receivable, aging schedule, and accounts receivable as a percentage of net patient revenues for Quarter 1 and Quarter 2, 20X1. Compare the two quarters to determine if the organization’s collection procedure is improving. (Note: For simplicity, assume that each month is thirty days. Dollar figures are expressed in thousands.)

Quarter 1, 20X1

        

Time

Quarter

Sep

Aug

Jul

Days outstanding

Total

1-30

31-60

61-90

Net accounts receivable

$20,000

$6,000

$2,000

$12,000

Net patient revenue

$38000

$12,000

$6,000

$20,000

Quarter 2, 20X1

        

Time

Quarter Dec

Nov

Oct

  

Days outstanding

Total

1-30

31-60

61-90

Net accounts receivable

$20,000

$12,000

$2,000

$6,000

Net patient revenue

$38,000

$20,000

$6,000

$12,000

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Status NEW Posted 22 Jul 2017 12:07 PM My Price 12.00

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