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The finance director of St. James hospital estimates that on average 40% of its revenue equals its variable cost. Fixed costs are budgeted at $15
The finance director of St. James hospital estimates that on average 40% of its revenue equals its variable cost. Fixed costs are budgeted at $15 million per year. If their budget predicts a volume of business of 15,000 patient-days next year, what is the average daily revenue per patient (rounded to two digits) for St. James to breakeven
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