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In an effort to improve cash collection, Suburban Medical Clinic offers terms of 2/10,n/30, with a 5% discount on patient payments made with cash. Suburban
In an effort to improve cash collection, Suburban Medical Clinic offers terms of 2/10,n/30, with a 5% discount on patient payments made with cash. Suburban estimates its total billings for the second calendar quarter of the year as follows: April, $360,000; May, $432,000; and June, $522,000. Historically, Suburban has had the following patient collection patterns: What would be Suburban's budgeted total cash collections for June? $
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