1. GoHealth currently earns 2.05% EAR on excess cash. They also have a line of credit to make up for cash needs that has an EAR of 5%. GoHealth has an excellent cash manager that monitors their accounts daily. GoHealths medical supplies vendor has offered them terms of 1/7 net 30 for their monthly supplies delivery (the amount of the monthly purchase varies from month to month). When do you pay your medical supplies bill and why?
2. 25% of GoHealths patients pay at the time of service, 50% pay the following month, 15% pay the second month following the service, 8% pay the 3^rd month after the service. 2% of the bills are ultimately never paid. GoHealths sales for the 4^th quarter of 2021 and January 2022 are:

3. October $200,000

   November $175,000

   December $300,000

   January $100,000

4. Create an aging schedule for GoHealth as of the opening of business February 1.
5. What is GoHealths account receivables balance as of the start of business Feb 1?