Break-even point expressed in total revenue
Days of Our Lives Hospital has total variable costs of 90% of total revenues and fixed costs of $50 million per year. There are 50,000 patient-days estimated for next year. What is the break-even point expressed in total revenue?
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Loon corporation had the following transaction: $400,000 operating income, operating expenses, $25,000 municipal bond interest, $60,000 long term capital gain and $95,000 short term capital loss. a) compute Loon's taxable income for the year?
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