Question
Last year the medical practices gross charges for procedures/services totaled $750,000. The current accounts receivables (A/R) are $95,000 and The credit balance from the previous
Last year the medical practices gross charges for procedures/services totaled $750,000.
The current accounts receivables (A/R) are $95,000 and
The credit balance from the previous year is $9,500.
Calculate for the result for days in A/R making sure to identify each part of the equation.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
To calculate the result for days in accounts receivable AR we need to use the following equation Day...
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Step: 2
Step: 3
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Advanced Financial Accounting
Authors: Thomas Beechy, Umashanker Trivedi, Kenneth MacAulay
6th edition
013703038X, 978-0137030385
