Assume a primary care clinic has the following in costs: Wages and benefits = $280,000 Rent =...

80.2K

Verified Solution

Question

Finance

Assume a primary care clinic has the following in costs:
Wages and benefits = $280,000
Rent = $10,000 annually
Depreciation = $24,000
Utilities = $3,000
Medical supplies = $50,000
Administrative supplies = $8,000
Visits = 15,000
Assume all costs are fixed except medicalsupplies.
What is the clinic’s underlying cost structure?______
What are the clinic’s total expected costs? _
What would the estimated costs be if visits were 5% overexpected? _
What if they were 8% under expected?
What is the average cost per visit for:
15,000 visits =
5% above = _
8% below = _
What price do services need to be set at for the clinic to breakeven at 15,000 visits? _______

Answer & Explanation Solved by verified expert

3.8 Ratings (444 Votes)

Assuming like rent all other costs are also Annual Cost Name Cost Type Cost for Normal If 5 Over Expected if 8 under Expected Wages Benefits Fixed 28000000 28000000 28000000 Rent See Answer

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:

Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!

Become a Member

Assume a primary care clinic has the following in costs: Wages and benefits = $280,000 Rent =...

80.2K

Verified Solution

Question

Finance

Answer & Explanation Solved by verified expert

Get Answers to Unlimited Questions

Membership Benefits:

Other questions asked by students

Identify three (3) specific personal examples of times when choice of language led to positive or...

A 80.0 kg ice hockey goalie, originally at rest, catches a 0.150 kg hockey puck slapped...

importance of Critical Examination of Utilitarianism as a Moral Principle.

8. Your company's beta is 1.5 and market is 9%. In the same time treasury bill...

ve for pe2 monoH noitatibo a era lot to pinW 1 H A 3 B...

f t 1 a it 2 4 24 1 ise 2 f 1 1 sinyali...

summarizes the number of working computers in household for a simple random sample of 19...

Exercise 4-26 (Algorithmic) (LO. 4) Determine the taxable amount of Social Security benefits...

Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Performance reports are...

1.W is a partner in the equal WXYZ partnership. At the beginning of the year,...

Describe, in detail, the three (3) different firm's buying situations.

5. (4 points) Which of the following statements is CORRECT? If a project has "normal"...