Good morning, I need your help. I received last night from my teacher this exercise to deliver it tonight, but for the short time I have, besides I'm working,I need to know if you can help me.

Thanks in advance,

Leo

You have been asked to establish a pricing structure for anesthesiology on a pre-procedure basis. Present budgetary data is presented below: Budgeted procedures 7,200 Budgeted cost per procedure $ 48 Desired profit $ 100,000 It is estimated that Medicare patients comprise 50% of total anesthesiology volume and will pay on average $60 per procedure. Approximately 25% of the patients are cost payers. The remaining 25% of the patients are covered by payers who receive an average of a 4% discount off of the full charges. Based on this: 1. To the nearest dollar, what rate (i.e., full charge per procedure) must be set to generate the required $100,000 in profit in the preceding example? (your answer might be slightly different due to rounding. Pick the closest.) a. $152 b. $95 c. $64 d. $69 e. $83 2. If the forecasted volume increased to 9,000 procedures and the budgeted cost per procedure decreased to $44, while all other variables remained constant, what price should be established? a. $54 b. $59 c. $64 d. $69 e. $83