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Galina-37 [17]
3 years ago
9

Let us suppose that a hospital wants to set their fees for an overnight stay such that the contribution margin on a hospital roo

m will be 18%. The cost to the hospital of an overnight stay (staff, physical equipment, and supplies) is $620. What fee should they charge to obtain a contribution margin of 18%?
Business
1 answer:
Rainbow [258]3 years ago
3 0

Answer: $756

Explanation:

Based on the information given in the question, the fee that should be charged to obtain a contribution margin of 18% will be:

Target fee = Variable cost/(1-Contribution Margin)

= $620/(1 - 18%)

= $620/(82%)

= $620/0.82

= $756

They should charge $756

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Herc Co.’s inventory at December 31, Year 1, was $1.5 million based on a physical count priced at cost, and before any necessary
tensa zangetsu [6.8K]

Answer:

D) $1,710,000

Explanation:

Before adjustments, the inventory balance was $1,500,000; you must add merchandise purchased FOB shipping point (title passes at the moment merchandise is shipped) and the merchandise that was located in the shipping area:

adjusted final inventory = $1,500,000 + $90,000 + $120,000 = $1,710,000

7 0
3 years ago
(b) A company had an average inventory last year of $208,000 and its inventory turnover was 6. If sales volume and unit cost rem
RUDIKE [14]

Answer: 156000

Explanation:

The average inventory during the current year would be calculated as follows:

Inventory Turnover Ratio = Cost of goods sold / average inventory

where,

Inventory turnover = 8

Cost of goods sold = $208,000 × 6 = $1,248,000

Average inventory = Unknown

Therefore, 8 = 1248000 / Average inventory

Average inventory = 1248000 / 8

Average inventory = 156,000

7 0
3 years ago
Which of the following is NOT one of the five basic functions of an
Alex73 [517]

Sales is NOT one of the five basic functions of an  accounting department

<h3>What is accounting department?</h3>

The accounting department is responsible for recording and reporting the cash flows, both in and out, of a company.  It is part of the corporate overhead group of an organization.

An accounting department provides accounting services and manages the finances of a company.

There are five basic roles or functions within the accounting department:

  • Accounts receivable
  • Accounts payable
  • Payroll
  • Financial controls
  • Financial reporting

Therefore, sales is not one of the basic functions of an accounting department.

Learn more about accounting department here : https://brainly.in/question/13651687

4 0
2 years ago
A(n)_____ manages your email, calendar, contacts, and tasks, and includes the ability to share calendars and schedule meetings.
cricket20 [7]

A(n) personal information manager (PIM) manages your email, calendar, contacts, and tasks, and includes the ability to share calendars and schedule meetings.

<h3>What is a personal information manager PIM software?</h3>

Personal information management (PIM) is a piece of software that employs tools to manage personal information such as contacts, calendars, tasks, and appointments. PIM tools differ based on user requirements and product price.

A PIM system, also known as a product information management system, enables you to automatically organize and improve data aggregation, better store data, and distribute it across all channels with a single click.

A type of application software that serves as a personal organizer is called a personal information manager. In order to refer to the field of study of personal information management, the acronym PIM is now more frequently employed.

To learn more about personal information managers refer to:

brainly.com/question/13058122

#SPJ4

4 0
1 year ago
Which of the following are true?
natima [27]

Answer:

III and IV

Explanation:

You don't have to be interested in something to be good at it. A job you like and accommodates your interests is not a guaranty.

8 0
3 years ago
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