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Med Clinic has the following patient payment pattern: 10% pay at the time of service 20% pay in 30 days 40% pay in 60 days

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Med Clinic has the following patient payment pattern: 10% pay at the time of service 20% pay in 30 days 40% pay in 60 days 30% pay In 90 days What is Med Clinic's Average Collection Period? @a Can not tell from the Information given b. 57 days c. 90 days od 60 days Healthy Boone Clinic uses Ingredient x as their specialty input to their services Some data on Ingredient X usage: Amount used per year (demand) 1,000 units Cost per unit $75 Carrying cost 5% of Inventory value Fixed ordering cost $100 Lag time to receive orders 10 days Because Ingredient X is vital to their services, Healthy Boone clinic maintains a safety stock of 100 units to make sure they don't run out. They already have this safety stock on hand Assume 360 days per year Note: ingredient X Inventory valuation questions are not related to this question What is the Economic Order Quantity for Ingredient X? Round up to the next whole number. a 100 b 231 0 174 d 75

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