Your hospital has following revenue for the month of july, Ask an Expert

Finance

1. Your hospital has the following revenue for the month of July-September:
July $2, 000,000
Aug $ 2, 500,000
Sep $ 3,000,000

If 30% of the month's revenue is collected in the same month, 40% is collected in the second month and 30% is collected in the third month, how much of July's revenue is collected in August? and How much is collected in September?

2. An imaging center has the following information:
Revenue per test: $225
Variable cost per test: 150
Total fixed costs: $ 225.000
Calculate the total revenue dollars need to break-even.

3. A newly purchased piece of equipment shows the following:
initial cost $1,000,000
Estimated yearly cash flow 25% of the initial cost
Calculate the payback (in Years)

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M9272142

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