Question
Background: RN-BSN students in the Division of Nursing at Winston-Salem State University have developed a proposal for a nurse manage center. The financial officer and
Background: RN-BSN students in the Division of Nursing at Winston-Salem State University have developed a proposal for a nurse manage center. The financial officer and dean have asked the group to provide evidence of fiscal feasibility. The team provides calculations based on a 1-year period. All donated costs are included. Staff Salaries and benefits are $158,750.00. Donated practice faculty time equals $84,000.00. Equipment purchases, contracts, and rent costs are in the table below. Variable costs identified in the figure below come to $51,000.500. Information concerning the Average Price per visit, the estimated annual visit volume, and the variable cost per visit are included in the figure below.
Using the information in the table below, the team will need to calculate the Break-even Analysis to determine the number of visits necessary to break even. Show formula and computation. (5pts)
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