Dr. Gulakowicz is an orthodontist. She estimates that adding two new chairs will increase fixed costs by $149,000, including the annual equivalent cost of the capital investment and the salary of one more technician. Each new patient is expected to bring in $3,040 per year in additional revenue, with variable costs estimated at $1,030 per patient. The two new chairs will allow Dr. Gulakowicz to expand her practice by as many as 205 patients annually. How many patients would have to be added for the new process to break even? Part 2 The break-even volume is enter your response here patients. (Enter your response rounded to the nearest whole number.)
Dr. Gulakowicz is an orthodontist. She estimates that adding two new chairs will increase fixed costs by $149,000, including the annual equivalent cost of the capital investment and the salary of one more technician. Each new patient is expected to bring in $3,040 per year in additional revenue, with variable costs estimated at $1,030 per patient. The two new chairs will allow Dr. Gulakowicz to expand her practice by as many as 205 patients annually. How many patients would have to be added for the new process to break even? Part 2 The break-even volume is enter your response here patients. (Enter your response rounded to the nearest whole number.)
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Dr. Gulakowicz is an orthodontist. She estimates that adding two new chairs will increase fixed costs by
$149,000,
including the annual equivalent cost of the capital investment and the salary of one more technician. Each new patient is expected to bring in
$3,040
per year in additional revenue, with variable costs estimated at
$1,030
per patient. The two new chairs will allow Dr. Gulakowicz to expand her practice by as many as
205
patients annually. How many patients would have to be added for the new process to break even?Part 2
The break-even volume is
enter your response here
patients. (Enter your response rounded to the nearest whole number.)Expert Solution
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