Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

HEALTHCARE FINANCE TOPIC I have answered these questions, but I need a second opinion. Please explain why you choose that answer! 1. Super Clinics offers

HEALTHCARE FINANCE TOPIC

I have answered these questions, but I need a second opinion. Please explain why you choose that answer!

image text in transcribed

1. Super Clinics offers one service that has the following annual cost and utilization estimates Variable cost per visit Annual direct fixed costs Allocation of overhead costs Expected utilization $ 10 $50,000 $20,000 1,000 visits What price per visit must be set if the clinic wants to make an annual profit of $10,000 on the service? a. $ 70 b. $ 80 c. $ 90 d. $100 e. $110 2. Consider the following data: Fixed costs $10,000,000 Variable cost per inpatient day = $400 What revenue per inpatient day is required to obtain a profit of $1,000,000 at a volume of 10,000 patient days? a. $ 750 b. $1,000 c. $1,250 d. $1,500 e. $1,750 3. Super Clinics offers one service that has the following annual cost and volume estimates Variable cost per visit Annual direct fixed costs Allocation of overhead costs Expected volume $ 10 $50,000 $20,000 1,000 visits What price per visit must be set if the clinic wants to make an annual profit of $10,000 on the service? a. $ 70 b. $ 80 c. $90 d. $100 e. $110

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Warren Buffett Accounting Book Reading Financial Statements For Value Investing

Authors: Stig Brodersen, Preston Pysh

1st Edition

1939370159, 9781939370150

More Books

Students also viewed these Accounting questions

Question

Why is argon, instead of air, used inside an incandescent bulb?

Answered: 1 week ago

Question

How might HR technology affect the various HR functions?

Answered: 1 week ago