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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!
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. $110Step by Step Solution
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