0.2 high-fixed no is cost Peter Boss graduated from medical school. He is considering opening his own doctor's office. A doctor's office is family practice cost business, as it requires considerable expenditures for facilities, labor and equipment matter how families are served. Assume the annual fixed cost of operations 400000 & Further assume that the only significant variable cost relates to patients served. An average patient-served 250 & His banker has asked a variety of questions in relation et providing loan for this business Instructions If the average patient is charges 475 8 served to reach the breat event point? for services how many partients must be d) If the banker, believes Peter will serve 1000 patients during the first year it Bussiness, how much will be the bussiness loss during its first year c) If Peter believes his profits will be least 100000 the first he anticipating a protit et operation $ during at year, how much is for total revenue? d) The banker has can reduce his fixed costs suggested that Peter by 150000 07 it he will not purchase certain equipment. Peter can instead lease rent this equipment as needed the variable cast et leasing this equipment is 558 per patient served. Will this suggestion help Peter reach the break-even point sooner