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The finance director of St. James hospital estimates that on average 33% of its revenue...

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Accounting

The finance director of St. James hospital estimates that on average 33% of its revenue equals its variable cost. Fixed costs are budgeted at $24 million per year. If their budget predicts a volume of business of 30,000 patient-days next year, what is the average daily revenue per patient (rounded to two digits) for St. James to breakeven?
A.

$800.00
B.

$1,194.03
C.

$65,753.42
D.

$2.424.24
E.

$536.00

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