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Miami Hospital has overall variable costs of 25% of total revenue and fixed costs of $39 million per year. Requirements Compute the break-even point expressed
Miami Hospital has overall variable costs of 25% of total revenue and fixed costs of $39 million per year. Requirements Compute the break-even point expressed in total revenue. A patient day is often used to measure the volume of a hospital. Suppose there are to be 40,000 patient-days next year. Compute the average daily revenue per patient-day necessary to achieve the break-even total revenue computed in item 1. Determine the shortcut formula, then compute the break-even point expressed in total revenue. Enter ratios to two decimal places and all other amounts in dollars.) A patient-day is often used to measure the volume of a hospital. Suppose there are to be 40,000 patient-days next year. Compute the average daily revenue per patient-day necessary to achieve the break-even total revenue computed in item 1
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