Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The information below applies to problems 4 and 5. Your nursing home defines output as a patient day. Its present volume is 26,000 patient days.

image text in transcribed
The information below applies to problems 4 and 5. Your nursing home defines output as a patient day. Its present volume is 26,000 patient days. The average cost per day is $90.00 Present revenues and costs are presented below: Revenues Charge Patients (6,000 Patient Days) Fixed-Price Patients (20,000 Patient Days) $ 750,000 $2,550,000 $1,170,000 2.340,000 Total Net Revenues Costs: Fixed Costs Variable Costs ($45/PD) Total ($90/PD) Net Income S 210,000 Using this information, answer the following two questions: 4. What is the breakeven in patient days for this nursing home, assuming no profit is required 5. If volume goes up 10% to 28,600 patient days and payer mix is unchanged, what will net income be

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

Sport Finance

Authors: Gil Fried, Steven Shapiro, Timothy D. Deschriver

2nd Edition

0736067701, 978-0736067706

More Books

Students also viewed these Finance questions

Question

understand the diversity and complexity of ageing in the workplace;

Answered: 1 week ago

Question

4. Will technology eliminate the need for HR managers?

Answered: 1 week ago