Rampart Hospital has total variable costs of 90% of total revenues and fixed costs of $50 million per year. There are 50,000 patient- days estimated for next year. What is the average daily revenue per patient necessary to breakeven?
A) $250 is the average daily revenue per patient necessary to breakeven.
B) $4,000 is the average daily revenue per patient necessary to breakeven.
C) $10,000 is the average daily revenue per patient necessary to breakeven.
D) $1,000 is the average daily revenue per patient necessary to breakeven.
Correct Answer:
Verified
Q32: Output measures of both resources and activities
Q33: Suppose the In & Out Motel has
Q34: is all variable costs divided by sales.
A)
Q35: Burning Company, a producer of salsa,
Q36: If the sales price per unit is
Q38: If the sales price per unit is
Q39: Four Alarm Company, a producer of
Q40: Assume the following cost information for
Q41: Suppose a Comfort Inn motel has annual
Q42: Fixed costs:
A) vary on a per- unit
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents