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Lakeside Medical Center expects to have 12,000 admissions fo…
Lakeside Medical Center expects to have 12,000 admissions for the current year. Variable patient care costs are $525 per admission, and variable administrative costs are $15 per discharge. Indirect fixed (overhead) costs total $3,600,000 per year. The current average payment received per admission is $950. The hospital’s parking garage and gift shop bring in $175,000 per year in auxiliary revenue, and it recently invested in a new electronic health record system, projected to improve billing collections starting next fiscal year, which will increase the estimated profits to $335,000. What is the accounting breakeven number of admissions for Lakeside Medical Center? Round to the nearest DOLLAR; do NOT include dollar sign.
Lakeside Medical Center expects to have 12,000 admissions fo…
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Lаkeside Medicаl Center expects tо hаve 12,000 admissiоns fоr the current year. Variable patient care costs are $525 per admission, and variable administrative costs are $15 per discharge. Indirect fixed (overhead) costs total $3,600,000 per year. The current average payment received per admission is $950. The hospital’s parking garage and gift shop bring in $175,000 per year in auxiliary revenue, and it recently invested in a new electronic health record system, projected to improve billing collections starting next fiscal year, which will increase the estimated profits to $335,000. What is the accounting breakeven number of admissions for Lakeside Medical Center? Round to the nearest DOLLAR; do NOT include dollar sign.
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