Accounting Essay

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Chapter 5 Problems 5.2 – Consider the data in the table below for three independent health services organizations: Revenues Total Variable Costs Fixed Costs Total Costs Profit a. $2,000 $1,400 $600 $2,000 $0 b. $4,000 $1,000 $600 $1,600 $2,400 c. $4,000 $3,000 $600 $3,600 $400 Total costs = Fixed costs + Total Variable costs Profit = Revenues – Total Costs 5.4 – General Hospital, a not-for-profit acute care facility, has the following cost structure for its inpatient services: Fixed Costs $10,000,000 Variable cost per inpatient day $200 Charge (revenue) per inpatient day $1,000 The hospital expects to have a patient load of 15,000 inpatient days next year. a. Construct the hospital’s base case projected P&L statement. Total revenues ($1,000 x 15,000) $15,000,000 Total variable costs ($200 x 15,000) $ 3,000,000 Total contribution margin ($800 x 15,000) $12,000,000 Fixed costs $10,000,000 Profit $2,000,000 b. What is the hospital’s breakeven point? Contribution Margin x Volume = Fixed Costs $800 x V = $10,000,000 V = 10,000,000/800 V = 12,500 visits to break even c. What volume is required to provide a profit of $1,000,000? A profit of $500,000? To obtain a profit of $1,000,000, the total contribution margin should be $1,000,000 greater than the fixed costs ($10,000,000), for a value of $11,000,000. This amount must also equal the contribution margin multiplied volume, $800 x Volume = $11,000,000. The volume = $11,000,000/$800 = 13,750 visits Similarly, to obtain a profit of $500,000, the total contribution margin should be $500,000 greater than the fixed costs ($10,000,000), for a value of $10,500,000. This amount must also equal the contribution margin multiplied volume, $800 x Volume = $10,500,000. The volume = $10,500,000/$800 = 13,125 visits d. Now

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