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How many procedures per month

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Question - A plastic surgery center performs a procedure whose gross charge is $5,000 of which $3,200 is collected. The variable cost per procedure is $1,400. The monthly fixed cost assigned to doing this procedure is $29,000. The center wants to generate a $25,000 profit each month in doing this procedure.

Required -

a. How many procedures per month, rounding up to the next highest whole number if necessary, would it need to do to achieve its profit target?

b. How many procedures per month, rounding up to the next highest whole number, would it need to perform to break even?

c. What algebraic formula will you use to solve these two problems on an Excel spreadsheet?

Reference no: EM133152407

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