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Medina Hospital Has Variable Costs of 75% of Total Revenues

Question 7

Multiple Choice

Medina Hospital has variable costs of 75% of total revenues and fixed costs of $40 million per year.There are 40,000 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) $20,000

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