Discuss the importance of computation of the contribution margin in

In 2013, the Gastroenterology Clinic of Pearland Medical Center had revenue totaling $14,550,400. The Gastroenterology Clinic costs data for a 12-month period from January 2013 through December 2013 were reported as follows: Month, 2013 Number of Patient Visits Gastroenterology Clinic Costs, $ January 6,755 945,700 February 6,620 946,660 March 5,834 880,934 April 6,228 927,972 May 7,554 944,250 June 7,620 914,400 July 7,136 949,088 August 7,440 959,760 September 6,453 942,138 October 5,325 825,375 November 5,588 854,964 December 7,020 961,740 Find the fixed and variable portion of costs using the high-low method. Calculate the contribution margin, the contribution margin ratio, and the per-visit revenue, costs, and operating income. Discuss the importance of computation of the contribution margin in evaluating the relationship of cost, volume, and profit. In deciding to continue (or to discontinue) a service, which revenues currently do not cover total cost. Which is more important in the short run, variable cost or fixed cost? In the long run (with more service volume)? Why? Length: 3–4 pages, excluding title page and references. Required Reading Berenson, R. A., & Rich, E. C. (2010). U.S. approaches to physician payment: The deconstruction of primary care. Journal of General Internal Medicine, 25(6), 613-618. Chang, K. & Said, A.A. (2014). The impact of outsourcing on hospital performance. International Journal of Management Accounting Research, suppl. Special Issue. Health Care Costs and Performance, 4(1), 7-26. Hennig-Schmidt, H., Selten, R., & Wiesen, D. (2011). How payment systems affect physicians’ provision behavior – An experimental investigation. Journal of Health Economics, 30(4), 637-646.

#Discuss #importance #computation #contribution #margin

Share This Post

Email
WhatsApp
Facebook
Twitter
LinkedIn
Pinterest
Reddit

Order a Similar Paper and get 15% Discount on your First Order

Related Questions

You have to make observation and take data on the

You have to make observation and take data on the Full moon day. If weather is not good at that that day, you can do it a day before or after. You are taking data when moon is at two different positions. One near the horizon and another high above

NUR 403 Week 5 DQ1 Nursing Assignment Help

This paper of NUR 403 Week 5 DQ1 comprises: Discuss how you might change how you practice nursing if you did not have to follow physician Expert Solution Preview Introduction: As a medical professor responsible for creating college assignments and evaluating student performance, I am well-equipped to address the question

In a 2-3 page compare the way English, Spanish, and

In a 2-3 page  compare the way English, Spanish, and French settlers interacted with the Native Americans. For each group, answer the following questions: How many settlers were sent? What was the gender ratio? Did the group come with the intention to settle? To trade? How did their intent impact

The answers become a chain of communication. Download and submit

  The answers become a chain of communication. Download and submit this assignment worksheet [DOCX] for credit. List the answers to all five ciphers, numbered 1–5. Each answer is worth five points. The FBI recently found some hidden files and messages on the hard drive of the hacker from Operation

160 WORDS MINIMUM WITH AT LEAST ONE REFERENCE. These types

160 WORDS MINIMUM WITH AT LEAST ONE REFERENCE. These types of evidence are common types of pattern evidence encountered in forensic cases. For your post, select one of the following types of pattern evidence and explain how class characteristic and individualizing characteristics are determined: Footwear Tire treads Firearms  Tool marks

Ovid, Metamorphoses [8 CE]: “Prologue – the Creation”

Please make an argument in this essay from the readings and it will be the topic thank you reading material, they will be Ovid, Metamorphoses [8 CE]: “Prologue – the Creation” Plato, Timaeus [ca. 360 BCE] Virgil, The Georgics [ca 30 BCE]. Trans. David Ferry (Farrar, Strauss, and Giroux, 2005),

PHI-475: BIOMEDICAL ETHICS

OVERVIEW In your annotated bibliography project in module 6, you conducted extensive research on a focused area of bioethics and outlined a diverse number of academic articles and sources on that subject.  For your final project you will submit a medium-length (2,500 to 3,000 words in length, with a typical

(Please provide an excel file) Company Background Juice-Perfect, a California-based

(Please provide an excel file) Company Background Juice-Perfect, a California-based juice manufacturing company, has 6 manufacturing plants around the US that produce various sizes and flavor of juices and smoothies. In recent years, management noticed that Juice-Perfect’s market share has been decreasing due to its inability to sustain the level

In one-two pages answering the following questions: What are three

 In one-two pages answering the following questions: What are three financial facts that you have determined so far in your work in this course that you believe are critical in determining whether to recommend an investment in this company? Justify your answer. At this point, do you think you will

(1) Your first task is to post your own Key

(1)  Your first task is to post your own Key Assignment Outline to the discussion area so that other students are able to review your plan. Attach your document to the main discussion post, and include any notes that you feel are appropriate. The purpose of this assignment is to

Provide a half page proposal for your project. The topic

  Provide a half page proposal for your project. The topic must be in the field of Cryptography. For example, you can choose to study one of the many post-quantum cryptographic schemes, visual cryptography, RSA encryption, ECC encryption, quantum cryptography, how SSL works, how the Heartbleed attack worked, any of

1. What is some information that you did not know

 1. What is some information that you did not know about before reading Half the Sky? 2.  What were some things that surprised and shocked in the Half the Sky book?  3. What is some important information about many of the horrors that go on with women worldwide. 4. How

In this second submission of your Course Project, you will

In this second submission of your Course Project, you will be completing a health history, physical assessment of your client and determining their nursing diagnoses. This written assignment should include the following: Health Assessment, Health History, and Nursing Diagnosis A brief medical/health history Summary of laboratory diagnostic results related to

Find a dietary assessment tool that can be used either

  Find a dietary assessment tool that can be used either generally or for a specific alteration in health. When you have found your assessment tool, answer the following questions: What is the purpose of this tool? Do you believe that the purpose is fulfilled based on the questions being

Please see details attached Risk is inherent to every project.

Please see details attached Risk is inherent to every project. Some risks are more likely to occur than others, and some will have a greater impact to the project if realized. Although you cannot account for every risk, a thorough risk analysis and assessment can help minimize the liabilities of