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Total profit earned

The following information summarizes charge and cost data for Dr. Jones during the last year: Number of Cases 100 Charges $700,000 Nursing Charges $350,000 Lab Charges $200,000 Pharmacy Charges $50,000 Radiology Charges $100,000 Assume that Dr. Jones' patients pay an average 80 percent of charges. Also assume cost to charge ratios of 0.90 in Nursing, 0.80 in Lab, 0.50 in Pharmacy, and 0.70 in Radiology. What is the total profit earned on Dr. Jones' patients?

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Assume that Dr. Jones' patients pay an average 80 percent of charges. Also assume cost to charge ratios of 0.90 in Nursing, 0.80 in Lab, 0.50 in Pharmacy, and 0.70 in Radiology. What is the total profit earned on Dr. Jones' patients?

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Solution Preview :

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Finance Basics: Total profit earned

Reference No:- TGS0689473

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Recent Questions Asked Finance Basics

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Solution Preview :

Prepared by a verified Expert

Finance Basics: Total profit earned

Reference No:- TGS0689473

Recent Questions Asked Finance Basics

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