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8) Mercy Hospital has total variable costs of 80% of total revenues and fixed costs of $20 million per year. There are 70,000 estimated patient-days

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8) Mercy Hospital has total variable costs of 80% of total revenues and fixed costs of $20 million per year. There are 70,000 estimated patient-days for next year. What is the break-even point expressed in total revenue? a. $10 million b. $12.5 million c. $20 million d. $100 million 0) Marketable securities that the investor company buys only with the intent to resell them are called he intent to resell them shortly a. available-for-sale securities b. underpriced securities c. trading securities d. options llowing information available at December 31, 2012: $9,000 ket value on the trading securities at 10) An investor in trading securities has the following information Market value of trading securities Acquisition cost of trading securities $10,000 How does the investor report the change in market value on December 31, 2012? a. unrealized loss of $1,000 on income statement b. unrealized gain of $1,000 on income statement c. $1,000 is added to other comprehensive income accoun d. $1,000 is subtracted from the other comprehensive inco ount on the balance sheet hensive income account on the balance sheet

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