Dr. Jones office has purchased the above equipment. It is now year #2 and there is a $7,000 annual maintenance fee that needs to be added to the costs of the equipment. The variable cost is now $3.37 per study, but Dr. Jones office is planning on doing 1675 studies because there has been an addition of two new managed contracts, and there has been a reimbursement increase to 53.16

A: complete the table below and determine if this was a profit or loss this year?.

B: looking at the two years together (year 1 and year 2), was this a good purchase? Briefly explain why or why not.

Monthly Cost Maintenance Salary Fixed Costs Variable Costs Total Costs Reimbursement Profit or Loss Year 2 Type answer here Type answer here Type answer here Type answer here Type answer here Type answer here Type answer here Type answer here Monthly Cost Maintenance Salary Fixed Costs Variable Costs Total Costs Reimbursement Profit or Loss Year 2 Type answer here Type answer here Type answer here Type answer here Type answer here Type answer here Type answer here Type answer here