How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.

Ask ResearchPro Your Own Question

ResearchPro, Tutor/College Instructor
Category: Homework
Satisfied Customers: 530
Experience:  20+ Years Experience Tutoring/Teaching in Various Fields
Type Your Homework Question Here...
ResearchPro is online now
A new question is answered every 9 seconds

Your nursing home defines output

Resolved Question:

Your nursing home defines output as a patient day. Its present volume is 26,000 patient days. The average cost per day is $90.00. Present revenues and costs are presented below: Revenues: Charge Patients (6,000 Patient Days) $750,000 Fixed-Price Patients (20,000 Patient Days) 1,800,000 Total Net Revenues $2,550,000 Costs: Fixed Costs $1,170,000 Variable Costs ($45/PD) 1,170,000 Total ($90/PD) $2,340,000 Net Income $210,000 Using this information, answer the following two questions. 1. What is the breakeven in patient days for this nursing home, assuming no profit is required? 2. If volume goes up 10 percent to 28,600 patient days and payer mix is unchanged, what will net income be?
Submitted: 5 years ago.
Category: Homework
Expert:  ResearchPro replied 5 years ago.

You need to spend $3 to view this post. Add Funds to your account and buy credits.
ResearchPro and 2 other Homework Specialists are ready to help you

Related Homework Questions