The national average cost to build a hospital ranges from $60,000,000 to $187,500,000. The average project costs $112,500,000 for a new 300,000 sq. ft. hospital that includes administrative areas, emergency and operating rooms, and enough space for 120 beds.
Answer:
$116.28
Explanation:
This can be calculated as follows:
Mark up = [1 ÷ (1 - Lerner index)]
Price = Mark-up × Marginal cost
= [1 ÷ (1 - 0.57)] × $50
Price = [1 ÷ 0.43] × $50 = $116.28
Therefore, the price this firm will charge its customers is $116.28.
Leslie's budget is hurting in the areas of transportation, groceries, phone and dining out.
<u>Explanation:</u>
For transportation, cash is required for every day. So Leslie is spending more on transportation every month. Forgoing back and forth out anyplace she will burn through cash on transportation.
She is likewise spending cash on goods. Staple goods will be an essential one for living these days. So the financial backing is harming here.
She is spending another hand on the telephone and eating out. For the telephone, she will energize each month. She will feast out with companions each day.
Given:
Price = $20
Variable Cost = $13
Total number of items sold = 1000
Find: Contribution Margin Ratio
The formula for Contribution Margin Ration is:
(Sales - Variable Expenses)/Sales
Revenue = 20000
Variable Expenses = 13000
Contribution Margin = 7000
(20000-13000)/20000 = 0.35
Hollis Industries Contribution Margin Ratio is 35%