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Vincent Hospital has overall variable costs of 30% of total revenue and fixed costs of $42 million per year. Compute the break-even point expressed...

St. Vincent Hospital has overall variable costs of 30% of total revenue and fixed costs of $42 million
per year.
1. Compute the break-even point expressed in total revenue.
2. A patient-day is often used to measure the volume of a hospital. Suppose there are to be 50,000
patient-days next year. Compute the average daily revenue per patient-day necessary to break even.

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