In: 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 |