I need help with: Problem 22 in the picture: I just need a, b, & d only.

Question 22: Determining Charges for private pay residents. Shady Rest Nursing Home has 140 residents. The Administrator is concerned about balancing the ratio of its private pay to non-private pay patients. Non-Private pay sources reimburse an average of $170 per day, whereas private pay residents pay on average 100 percent of full daily charges. The administrator estimates that variable cost per resident per day is $90 for supplies, food, and contracted services, and annual fixed costs are $6,500,000.

a. What is the daily contribution margin of each non-private pay resident?

b. If 25 percent of the residents are non-private pay, what will Shady Rest charge the private pay patients to break even?

d. The owner of Shady Rest Nursing Home insists that the facility earn 1 million in annual profits. How much must the administrator raise the per day charge for the privately insured residents if 25 percent of the residents are covered by non-private pay payors?

a. 22. Determining charges for private pay residents. Shady Rest Nursing Home has 140 residents. The administrator is concerned about balancing the ratio of its private pay to non-private pay patients. Non-private pay sources reimburse an average of $170 per day, whereas private pay residents pay on average 100 percent of full daily charges. The administrator estimates that variable cost per resident per day is $90 for supplies, food, and contracted services, and annual fixed costs are $6,500,000. What is the daily contribution margin of each non-private pay resident? b. If 25 percent of the residents are non-private pay, what will Shady Rest charge the private pay patients to break even? What if non-private pay payors cover 50 percent of the residents? d. The owner of Shady Rest Nursing Home insists that the facility earn $1 million in annual profits. How much must the administrator raise the per day charge for the privately insured residents if 25 percent of the residents are covered by non-private pay payors? C