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

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

Expert Solution

ekkarill92 answered 3 years ago

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