Question
Kernati earns income from several sources: Medicare, Medicaid, private insurance, and self-pay customers. The governor wants you to prepare an account receivable aging schedule by
Kernati earns income from several sources: Medicare, Medicaid, private insurance, and self-pay customers. The governor wants you to prepare an account receivable aging schedule by total dollars and by percent based on the following: Federal government owes $7 million: 60 percent current, 30 percent between 31 and 60 day and 10 percent between 61 and 90 days. State owes $5million: 40 percent is current, 30 percent is between 31 and 60 days, 20 percent is between 61 and 90 days old, and the remainder is more than 91 days old Private insurance owes $7 million, 25 percent of which is current, 25 percent is between 31 and 60 days old, and the remaining half is more than 91days. Self-pay customers owe $4 million, 40 percent is current, 20 percent is 31 to 60 days, 20 percent is 61 to 90 days
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