Use the following information for questions 22 through 24. C…

Use the following information for questions 22 through 24. Consider the following data for General Hospital, a tax-exempt organization:    Fixed costs = $18,000,000 Variable cost per inpatient day = $1,800 Revenue per inpatient day = $3,000  What volume of patient days is needed to generate a profit of $6 million?

Use the following information for questions 25 through 26. C…

Use the following information for questions 25 through 26. Consider the following cost and revenue data for Northern Memorial Hospital, a tax-exempt organization: Fixed costs = $40,000,000. Variable cost per inpatient day = $5,000 Revenue per inpatient day = $7,000. What is the expected profit (loss) at a volume of 30,000 inpatient days?

Use the following information for questions 30 and 31: Color…

Use the following information for questions 30 and 31: Colorado Clinic has fixed costs of $2 million and an average variable cost of $30 per visit.  Its sole payer, an HMO, proposed a capitated payment of $18 per member per month (PMPM) for each of its 17,500 members.  Past experience indicates the HMO members will average two clinic visits per year.  Assume Colorado Clinic is a tax-exempt, not-for-profit organization. What is Colorado Clinic’s expected profit (loss)?