User Account

All Pages

Calculate the contribution margin and operating income

Assignment Help Financial Accounting
Reference no: EM132577955

Contribution Margin

Assume you want to calculate the contribution margin of General Surgery to the practice. See their activity for 2019 below

Actual Number of Visits: 1950

Charge per visit: $135

Variable Cost per visit: $ 65

Total Fixed Cost: $75,000

Question 1: calculate the contribution margin and the operating income that General Surgery will contribute to the practice.

Contribution Margin: __________________

Operating Income: __________________

Assume that Internal Medicine had the following activity:

Actual Number of Visits: 4500

Charge per visit: $60

Variable Cost per visit: $40

Total Fixed Cost: $60,000

Question 2: Calculate the contribution margin and operating income that Internal Medical will contribute to the practice.

Contribution Margin: __________________

Operating Income: __________________

Question 3: If Internal Medicine sees two times more patients than General Surgery, why is their contribution margin so much less?

Reference no: EM132577955

Questions Cloud

What does malware free mean : What does "malware free" mean? How can a user demonstrate that their computer or device is malware free?
Prepare journal entry to record the software replacement : Prepare journal entry to record the software replacement. (Credit account titles are automatically indented when the amount is entered.)
Calculate the maximum capital cost allowance deduction : Calculate the maximum capital cost allowance deduction for tax purposes in 2019 (CCA rate class 1 @ 4%, Class 8 @ 20% and class 10 @ 30% respectively)
Memory management is difficult in virtual memory : The control of the serialization of memory management is difficult in a "Virtual Memory" and especially when "Virtual Machines" are included.
Calculate the contribution margin and operating income : Calculate the contribution margin and operating income that Internal Medical will contribute to the practice. Actual Number of Visits: 1950
Compute income for tax purposes for Incredible Incubators : Using the foregoing information, compute income for tax purposes for Incredible Incubators their fiscal year ended September 30, 2019
Influences implementation of innovation technologies : This week's journal article focuses on attribution theory and how it influences the implementation of innovation technologies.
How closing entries are made : How Closing entries are made?so that all assets, liabilities, and owner's capital accounts will have zero balances when the next accounting period starts.
Calculate the maximum amount Lora can claim : Lora is employed as an Accountant for a large company, Calculate the maximum amount Lora can claim for the cost she incurred in respect for her home office

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd