Question

Dr. Jones’ office has purchased the above equipment. It is now Year #2 and there is a $7,000 annual maintenance fee that needs to be added to the costs of the equipment. The variable cost is now $3.37 per study, but Dr. Jones’ office is planning on doing 1675 studies because there has been an addition of two new managed contracts, and there has been a reimbursement increase to $53.16.

Answer 1

The Loss recorded in the year 2 for the table is -$35,841.39.

What is the profit or loss on the table?

Year 2

Monthly Cost in year  $1564.29

Maintenance               $0  

Salary                          $39600

Fixed cost                   $0

Variable cost              $356.40

Total cost                   $41520.69

Reimbursements = $5679.30

Profit or Loss = Reimbursements - Total cost

Profit or Loss = $5679.30 - $41520.69

Loss =  -$35,841.39.

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