Medina County Hospital Has Overall Variable Costs of 75% of Total

question 97

Multiple Choice

Medina County Hospital has overall variable costs of 75% of total revenues and fixed costs of $40 million per year.There are 40,000 patient-days estimated for next year.The average daily revenue per patient necessary to breakeven is _____.

• A)$1,000
• B)$4,000
• C)$250
• D)$20,000

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Definitions:

Punnett Square

A diagram used in genetics to predict the genotypic and phenotypic outcomes of a particular cross or breeding experiment.

Phenotypes

The observable characteristics or traits of an organism, resulting from the interaction of its genotype with the environment.

Blood Clotting

The process that prevents excessive bleeding when the vascular system is injured, involving the transformation of blood from a liquid to a gel.

Incomplete Dominance

A condition in which neither member of a pair of contrasting alleles is completely expressed when the other is present.