Question
Dr. Jones (a neurosurgeon) purchased a new MRI machine for $1,400,000. He has estimated that his only additional cost will be staff related of $75,000
Dr. Jones (a neurosurgeon) purchased a new MRI machine for $1,400,000. He has estimated that his only additional cost will be staff related of $75,000 per year, plus supply costs of $50 per exam. If he collects an average of $1,000 per study, how many studies will he need to do to cover his staffing and supply costs?
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
13th edition
1439078106, 111197375X, 9781439078105, 9781111973759, 978-1439078099
