1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
What are the verbs in this sentence their fur helps them defend themselves
LenKa [72]
Helps and defends.......................
5 0
3 years ago
Read 2 more answers
When a nation removes a tariff on a product, this policy action rev: 06_20_2018 Multiple Choice benefits domestic producers of t
Ray Of Light [21]

Answer:

benefits consumers of the product.

Explanation:

Import tariffs are generally  put in place to protect domestic producers from foreign producers. Tariffs benefit domestic producers but hurt consumers since they are forced to pay higher prices.

When the import tariffs are withdrawn, the domestic price of the goods should decrease, benefiting consumers.

4 0
3 years ago
"Choose your favorite financial institution: bank or credit union. Are the Financial Statements available online? How do they co
tamaranim1 [39]

Answer:

I have selected Standard Chartered Bank which is one of the leading banks in the world. It has more than 1200 branches across 70 countries in the world. The head quarter of the bank is in the city of London, England.

The financial statements of the banks are available online. These financial statements are compared with similar other banks or industry averages to analyse the performance of the bank.

Explanation:

Standard Chartered is one of the finest bank in the world. The banking sector has been always striving to serve people better and standard chartered has made this possible. The financial statements of the bank are available online. One can easily go to the banks website of their respective country and click the about us tab. Then in the about us tab there is detail about company operations and their mission vision statements along with free and complete access to financial statements.

4 0
3 years ago
What are examples of cocurricular education? Check all that apply.
DENIUS [597]

a CTSO for students taking marketing classes

a club providing hands-on laboratory experience for students taking a science class

an agricultural organization for students in an agricultural school

4 0
3 years ago
Read 2 more answers
Acme Global had to put its plans to build a new plant on hold when interest rates went up and the organization was not able to b
s2008m [1.1K]

Answer:

The economy

Explanation:

The external environment refers to the outside factors that can affect an organization's operations. One of those factors is the economy as changes on things like exchange rates, interest rates and taxes can provide opportunities or create threats for a company. According to this, the answer is that this represents the influence of the economy in the external environment on the organization as the increase on the interest rates didn't allow the company to borrow the money to build the plant.

7 0
3 years ago
Other questions:
  • Wynstin landed a fabulous job as a financial consultant about six months ago. He is quite successful at his job and enjoys what
    10·1 answer
  • sarah parents gave her a goal to clean the bathroom twice a day until the end of the year which part of the SMART criteria is mi
    14·2 answers
  • What was President Bush's response to the financial crisis?
    12·1 answer
  • ___________is a conductor installed on the supply side of a service or separately derived system to ensure the required electric
    7·1 answer
  • Economists look at any situation in terms of its component parts: the people making decisions, the environment in which they're
    10·1 answer
  • A bank customer borrows X at an annual effective rate of 12.5% and makes level payments at the end of each year for n years.(whi
    14·1 answer
  • Zugar Company is domiciled in a country whose currency is the dinar. Zugar begins 2017 with three assets: cash of 28,200 dinars,
    6·2 answers
  • The net income for Bramble Corp. for 2022 was $264,300. For 2022, depreciation on plant assets was $65,600, and the company incu
    7·1 answer
  • The asymmetric information problem _____
    14·1 answer
  • ______ is when a firm enters a different business in which it can benefit from leveraging core competencies, sharing activities,
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!