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Your firm reduces its days in receivables from 87 to 67, which generates $3.4 million...

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Accounting

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Your firm reduces its days in receivables from 87 to 67, which generates $3.4 million of new investment funds. Growth rate in new equity will increase because: (please discuss the reason for your choice) Total asset turnover will increase Investment income will increase Both A and B Activity: You have been asked to establish a pricing structure for radiology on a per-procedure basis. Present budget data is presented below: It is estimated that Medicare patients comprise 40 percent of total radiology volume and will pay on average $38 per procedure. Approximately 10 percent of the patients are cost payers. The remaining charge payers are summarized below: What rate must be set to generate the required $80, 000 in profit in the preceding example

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