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Accounting

Problem:

Assume the following cost and revenue data for General Hospital: Fixed costs = $15,000,000. Variable cost per inpatient day = $250. Revenue per inpatient day = $1,000.

Required:

Question: What is the breakeven volume (in patient days)?

a. 15,000

b. 17,500

c. 20,000

d. 22,500

e. 25,000

Note: Please show guided help with steps and answer.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91168937

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