Dr. Jones’ office has purchased the above equipment. It is now Year #2 and there is a $7,000 annual maintenance fee that needs t

Question

1 year ago

14

Dr. Jones’ office has purchased the above equipment. It is now Year #2 and there is a $7,000 annual maintenance fee that needs t

o be added to the costs of the equipment. The variable cost is now $3.37 per study, but Dr. Jones’ office is planning on doing 1675 studies because there has been an addition of two new managed contracts, and there has been a reimbursement increase to $53.16.

Business

1 answer:

Paul [167] · Answer 1 · 2023-08-30T12:54:24+03:00

The Loss recorded in the year 2 for the table is -$35,841.39.

<h3>What is the profit or loss on the table? </h3>

Monthly Cost in year $1564.29

Maintenance $0

Salary $39600

Fixed cost $0

Variable cost <u>$356.40</u>

Total cost <u>$41520.69</u>

Reimbursements = $5679.30

Profit or Loss = Reimbursements - Total cost

Profit or Loss = $5679.30 - $41520.69

Loss = -$35,841.39.