Childrens hospital predicts variable costs of 70% of total revenue and fixed costs of $42...
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Accounting
Childrens hospital predicts variable costs of 70% of total revenue and fixed costs of $42 million per year for the coming year.
- Compute the break-even point expressed in total revenue.
- Childrens Hospital expects total revenue of $150 million from 200,000 patient days. Compute expected profit (a) if costs behave as expected, and (b) if variable costs are 10% greater than predicted.
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