What are the fixed, variable, total, and average costs

Assignment Help Accounting Basics
Reference no: EM131748200

Jamestown Clinic had the following fixed and variable costs:

What are the fixed, variable, total, and average costs per patient for volumes of 100, 500, 1,500, 2,500, and 3,000?

Draw a graph of the average cost per patient. Plot cost on the vertical axis and the number of patients on the horizontal axis.

An outside organization, such as a health maintenance organization, offers to send Jamestown 500 patients per year but offers to pay only $300 for each one. Should Jamestown agree to this arrangement? It currently has 2,500 patients per year and can easily handle 3,000.

Reference no: EM131748200

Questions Cloud

Calculate the cost of one unit of product : Calculate the cost of one unit of product, assuming that the overhead per unit is based on her supervisors preferred estimate
Mean and standard deviation of the total number : If they have 18 trucks, what are the mean and standard deviation of the total number of parking tickets the company will have to pay this month?
Standard deviation of the total amount raised : a) If 120 people call in pledges, what are the mean and standard deviation of the total amount raised?
Why is the standard deviation so large : Fire! An insurance company estimates that it should make an annual profit of $150 on each homeowner s policy written, with a standard deviation of $6000.
What are the fixed, variable, total, and average costs : What are the fixed, variable, total, and average costs per patient for volumes of 100, 500, 1,500, 2,500, and 3,000
Define in appropriate detail this type of procedure : DPH428 Explain and define in appropriate detail this type of procedure and what the procedure entails. Identify any ethical issues associated with this type
Why is the standard deviation so large : A casino knows that people play the slot machines in hopes of hitting the jackpot, but that most of them lose their dollar. Suppose a certain machine
Disagree that the effect of the class c stock dividend : Do you agree or disagree that the effect of the Class C stock dividend will be the same as a two-for- one stock split
Standard deviation of difference : a) How much more cereal do you expect to be in the large bowl? b) What's the standard deviation of this difference?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

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