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Cedars Hospital has average revenue of $180 per patient day. Variable costs are $45 per patient day; fixed costs total $4,320,000 per year. a. How many patient days does the hospital need to break even? b. What level of revenue is needed to earn a target income of $540,000? c. If variable costs drop to $36 per patient day, what increase in fixed costs can be tolerated without changing the break-even point as determined in part (a)?
In each independent scenario, indicate whether AMC would classify the lease as an operating lease or finance lease under U.S. GAAP. Assume the lease agreement has not met any of the other indicators of a finance lease. Provide brief explanations.
Inventory information for Part 311 of Monique Aaron Corp. discloses the following information for the month of June. June 1 Balance 304 units @ $13 June 10 Sold 205 units @ $31 11 Purchased 801 units @ $16 15 Sold 497 units @ $33 20 Purchased 502 uni..
How much cash is received? How much is Bonds Payable? What is the difference between a and b called and how much is it?
Assess financial accounting standards as they relate to presentation and disclosure in general purpose financial statements and evaluate, measure, value and present financial statements in conformity with GAAP relating to assets
Plan to use the savings over the next five years to make a down payment. She needs 15000 in 5 years how much does she need to invest in the money market account semi-annually over the next five years.
Using the Internet and Strayer Library, research the accounting treatment for cloud computing software purchases. Next, imagine that your company is interested in using cloud computing for all of its software purchases from a third party vendor.
What is the projected net income for 2015?-- What is the breakeven point in revenues for 2016 if the additional $16,500 is spent for advertising?
Botanic Choice sells natural supplements to customers with an unconditional sales return if they are not satisfied. The sales returns extends 60 days. On February 10, 2018, a customer purchases $4,000 of products (cost $2,000). Assuming that based on..
Compute Welch's gross pay, payroll deductions, and net pay for the full year 2014.- Compute United's total 2014 payroll expense for Welch.
Credit Sales, $3,500,000 Sales Returns & Allowances $35,000 Accounts Receivable $200,000 and Allowance for Doubtful Accounts with a debit of $3,500. Prepare the general journal entry to record the end of the year adjusting entry if ABC uses 0.5% of N..
Washington Co. employs ten full-time professionals. The budgeted compensation per employee is $60,000. The maximum billable hours for each client are 400. Clients always receive their full amount of time. What is the direct-labor-cost rate per hour? ..
Assume you are the CEO of Declining Corporation, How would you reply to the CEO's suggestion? Summarize your response including why you opted for or against the adoption IFRS.
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