HEALTHCARE FINANCE TOPIC

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

1. As of December 31, 2015, employees of Brookdale Senior Living were owed $150,000 for work performed in 2015. The $150,000 appeared in Brookdale's 2015 income statement as salaries expense and in Brookdale's 2015 balance sheet as salaries payable. In January 2016, when the salaries were paid, the effect of the transaction was to a. Reduce salaries expense by $150,000 and reduce cash by $150,000 b. Reduce salaries payable by $150,000 and reduce cash by $150,000 c. Increase salaries payable by $150,000 and reduce equity by $150,000 d. Reduce equity by $150,000 and reduce cash by $150,000 e. None of the above statements is correct. Explain! 2. Assume that Goodhealth Clinic has fixed costs of $1,000,000 and a total cost forecast of $1,500,000 at a volume of 20,000 patient visits. What is the clinic's variable cost rate? a. $25 b. $20 C. d. $10 Explain! 3. Consider the following data: Fixed costs $10,000,000 Variable cost per inpatient day $400 Revenue per inpatient day = $1,200 What is the contribution margin? a. $ 400 b. $ 800 c. $1,200 d. $1,600 e. $2,000 Explain! 4. Consider the following cost and revenue data for Palm Bay Hospital Fixed costs = $10,000,000 Variable cost per inpatient day $400 Revenue per inpatient day $1,200 What is the breakeven volume (in patient days)? a. 2,500 b. 5,000 c. 7,500 d. 10,000 e. 12,500 Explain