be budgeted Ul O budget? 16.8 Pediatric Partners has forecasted billed charges for the first...
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be budgeted Ul O budget? 16.8 Pediatric Partners has forecasted billed charges for the first six months of the year as shown in the table below. Based on historic collection patterns, Pediatric Partners expects to collect charges as follows: 5 percent within 30 days, 85 percent within 60 days, and 5 percent within 90 days. The remaining 5 percent is expected to be uncollectible. What should be budgeted for cash collections in each of the months January through June? Month Billed Charges Cash Collections January $99,000 February99,000 March April May 99,000 105,000 105,000 105,000 June
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