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What rate must be set to generate income

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Question - You have been asked to set a rate for a new nursing home. Costs are budgeted to be $1,150,100 for the projected 15,430 patient days. If 50 percent of the patients are private pay with an expected 5 percent bad-debt write off, 10 percent pay average cost and 40 percent pay $65.00 per day. What rate must be set to generate $90,000 income?

Reference no: EM133105557

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