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The Country Fields Retirement Community charges $6000/month for a single senior citizen to reside in an efficiency apartment with assisted living care The facility has operating expenses of 3000,000 per month. Staffing levels are dependent on the number of residents. Each senior who enters the community requires additional food, personal care, and support staff time. The estimated cost for each person $4000 per person per month. (a) How many senior citizen residents does the facil ity need to have in order to reach the breakeven point? (b) What is the company's annual profit or loss if they maintain an average residency level of 350 senior citizens? Contributed by Gillian Nicholls, Southeast Missouri State University

The Country Fields Retirement Community charges $6000/month for a single senior citizen to reside in an efficiency apartment with assisted living care The facility has operating expenses of 3000,000 per month. Staffing levels are dependent on the number of residents. Each senior who enters the community requires additional food, personal care, and support staff time. The estimated cost for each person $4000 per person per month. (a) How many senior citizen residents does the facil ity need to have in order to reach the breakeven point? (b) What is the company's annual profit or loss if they maintain an average residency level of 350 senior citizens? Contributed by Gillian Nicholls, Southeast Missouri State University

Elements Of Electromagnetics
Elements Of Electromagnetics
7th Edition
ISBN:9780190698614
Author:Sadiku, Matthew N. O.
Publisher:Sadiku, Matthew N. O.
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2-11 The Country Fields Retirement Community charges $6000/month for a single senior citizen to reside in an efficiency apartment with assisted living care. The facility has operating expenses of 3600,000 per month. Staffing levels are dependent on the number of residents. Each senior who enters the community requires additional food, personal care, and support staff time. The estimated cost for each person is $4000 per person per month. (a) How many senior citizen residents does the facil ity need to have in order to reach the breakeven point? (b) What is the company's annual profit or loss if they maintain an average residency level of 350 senior citizens? Contributed by Gillian Nicholls, Southeast Missouri State University
Transcribed Image Text:2-11 The Country Fields Retirement Community charges $6000/month for a single senior citizen to reside in an efficiency apartment with assisted living care. The facility has operating expenses of 3600,000 per month. Staffing levels are dependent on the number of residents. Each senior who enters the community requires additional food, personal care, and support staff time. The estimated cost for each person is $4000 per person per month. (a) How many senior citizen residents does the facil ity need to have in order to reach the breakeven point? (b) What is the company's annual profit or loss if they maintain an average residency level of 350 senior citizens? Contributed by Gillian Nicholls, Southeast Missouri State University
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