Cuyahoga 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) $250
B) $20,000
C) $1,000
D) $4,000

Question

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The Answer of Cuyahoga 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) $250
B) $20,000
C) $1,000
D) $4,000

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