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CHAPTER 3: INCOME STATEMENT and STATEMENT OF CHANGES IN EQUITY Homework Problem 1.2 Gross patient service revenue (total charges) Contractual allowances & discounts Charity care

CHAPTER 3: INCOME STATEMENT and STATEMENT OF CHANGES IN EQUITY Homework Problem 1.2 Gross patient service revenue (total charges) Contractual allowances & discounts Charity care (indigent) charges Estimated bad debts $975,000 250,000 100,000 50,000 a. Based on the information above, calculate the net patient service revenue. Calculate net patient service revenue if this clinic increased its prices by 10% across the board b. and all other estimates remained the same Using the original data, calculate the net patient service revenue if bad debt increased by 20% & charity charges increased by 15% c

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