Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Revenue: $1,210,000 Less: variable cost $205,000 Contribution margin $1,005,000 Less Fixed expense $1,100,000 $-95,000 using the above information The Profit-Volume (PV) Ratio is also known

Revenue: $1,210,000

Less: variable cost $205,000

Contribution margin $1,005,000

Less Fixed expense $1,100,000

$-95,000

using the above information The Profit-Volume (PV) Ratio is also known as the Contribution Margin (CM) Ratio. Use the same assumptions for the Community Center Mental Health Program as above information. Use the same assumptions for the Greenside Clinic. One more assumption will be added: the Clinic had 35,000 visits. In addition to the contribution margin figures already computed, now compute the PV Ratio (also known as CM Ratio). Add another column to your worksheet and compute the clinics per-visit revenue and costs.

I can't figure out where/how to get the visits to work out.

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

Financial management theory and practice

Authors: Eugene F. Brigham and Michael C. Ehrhardt

13th edition

1439078106, 111197375X, 9781439078105, 9781111973759, 978-1439078099

More Books

Students also viewed these Finance questions