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General Hospital Has Variable Costs of 90% of Total Revenues

Question 48

Multiple Choice

General Hospital has variable costs of 90% of total revenues and total 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
B) $1,000
C) $4,000
D) $10,000

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