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Income Statement Calculations: MRI Center has fixed costs of $2M and Variable costs per procedure of $175. They charge $2K per MRI and have contract

Income Statement Calculations:
MRI Center has fixed costs of $2M and Variable costs per procedure of $175.
They charge $2K per MRI and have contract adjustments and bad debt of 50%.
They expect to have a volume of 3,000 MRIs. Calculate the following:
Gross Revenues:
Cont Adj/Bad Debt
Net Revenues:
Fixed Costs
Variable Costs: $
Total Expenses:
Net Profit:

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