Problem:
Assume the following cost and revenue data for General Hospital: Fixed costs = $15,000,000. Variable cost per inpatient day = $250. Revenue per inpatient day = $1,000.
Required:
Question: What is the breakeven volume (in patient days)?
a. 15,000
b. 17,500
c. 20,000
d. 22,500
e. 25,000
Note: Please show guided help with steps and answer.