- Ocala Clinic's services result in $25,000 in daily billings to third-party payers. On average, it takes the clinic 45 days to collect its receivables. If the interest rate on loans needed to finance receivables (cost of carrying receivables) is 8 percent, what is the clinic's dollar annual cost of financing its receivables balance? A. $25,000
- B. $80,000
- C. $90,000
- D. $65,000
- E. $105,000
Recently Asked Questions
- Please refer to the attachment to answer this question. This question was created from Quiz 3.docx.
- Distinguish between patronage and merit. Describe the advantages and disadvantages of each.
- Please refer to the attachment to answer this question. This question was created from Mastering Adjusting Entries Quizzes. Additional comments: "how do you