Assume that a radiologist group practice has the following cost structure: Fixed costs $455,380 Variable cost...
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Assume that a radiologist group practice has the following cost structure: Fixed costs $455,380 Variable cost per procedure $30 Charge (revenue) per procedure $98 Furthermore, assume that the group expects to perform 7,418 procedures in the coming year. Also assume that the practice contracts with one HMO, and the plan proposes a 25 percent discount from charges. What volume is required to provide a pretax profit of $103,701? (Round your answer to 2 decimal places. For example, 12.3456 should be entered as 12.35. REMINDER: quantities are always rounded UP. Canvas does not have this capability.) Assume that a radiologist group practice has the following cost structure: Fixed costs $455,380 Variable cost per procedure $30 Charge (revenue) per procedure $98 Furthermore, assume that the group expects to perform 7,418 procedures in the coming year. Also assume that the practice contracts with one HMO, and the plan proposes a 25 percent discount from charges. What volume is required to provide a pretax profit of $103,701? (Round your answer to 2 decimal places. For example, 12.3456 should be entered as 12.35. REMINDER: quantities are always rounded UP. Canvas does not have this capability.)
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