determining charges for private pay residents. a. What is the daily contribution margin of each non-private pay resident? b. If 25 percent of the residents are non-private pay, what will Shady Rest charge the private pay patients to break even? d. The owner of Shady Rest Nursing Home insists that the facility earns $1 million in annual profits. How much must the administrator raise the per day charge for the privately insured residents if 25 percent of the residents are covered by non
determining charges for private pay residents. a. What is the daily contribution margin of each non-private pay resident? b. If 25 percent of the residents are non-private pay, what will Shady Rest charge the private pay patients to break even? d. The owner of Shady Rest Nursing Home insists that the facility earns $1 million in annual profits. How much must the administrator raise the per day charge for the privately insured residents if 25 percent of the residents are covered by non
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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determining charges for private pay residents.
a. What is the daily contribution margin of each non-private pay resident?
b. If 25 percent of the residents are non-private pay, what will Shady Rest charge the private pay patients to break even?
d. The owner of Shady Rest Nursing Home insists that the facility earns $1 million in annual profits. How much must the administrator raise the per day charge for the privately insured residents if 25 percent of the residents are covered by non-private pay payers?
thank you:)
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