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The finance director of St. James hospital estimates that on average 30% of its revenue...

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Accounting

The finance director of St. James hospital estimates that on average 30% of its revenue equals its variable cost. Fixed costs are budgeted at $42 million per year. If their budget predicts a volume of business of 50,000 patient-days next year, what is the average daily revenue per patient (rounded to two digits) for St. James to breakeven?
A.

$115,068.49
B.

$588.00
C.

$2,800.00
D.

$1,200.00
E.

$840.00

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