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A health system has forecast net patient revenue in the first three months of the year as follows
(figures in millions): January, $200; February, $140; and March, $200. December revenues were
$200. Seventy percent of services are usually paid for in the month that they take place, 20% in
the following month, and the final 10% in the next month. Receivables at the end of December
were $100 million. What is the forecast for outstanding receivables at the end of March?
$132 million
$114 million
$100 million
$92 million

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