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Please show math for againg schedule Rich Jackson, a recent MHA graduate, has been hired by Tarheel Rehabilitation Cilnic to manage a new prostheticiorthotic supply
Please show math for againg schedule Rich Jackson, a recent MHA graduate, has been hired by Tarheel Rehabilitation Cilnic to manage a new prostheticiorthotic supply division of the company. The division would sell primarily to rehab patients, some of whom pay for the devices themselves and some of whom have the bill paid by a third party insurer. Sales would be slow during the first few months, rise during the middle of the year, and then level off by the end of the year. Sales estimates for the flrst year of operation are shown in the table below in thousands of dollars Rich estimates that percent of the division's customers will pay in the month of sale, percent will pay in the month following sale, and the remaining percent will pay in the second month following the sale. Calculate the division's expected:
Accounts recelvables AR at the end of each month
Total sales for each quarter of operation
Average dally sales ADS for each quarter of operation
Aversge collection period ACP for each quarter of operation
Aging schedules for the end of each quarter
ANSWER
Assumed collection pattern
Collected Remaining
Month of sale
One month after sale
Two months after sale
tableMonthDays,Monthly Report,Quarterly Report,
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