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Category > Business & Finance Posted 29 May 2017 My Price 13.00

breakeven point?

Question description

 

 

The Country Fields Retirement Community charges $6,000/month for a single senior

citizen to reside in an efficiency apartment with assisted living

care. The facility has

operating expenses of $600,000 per month. Staffing levels are dependent on the number

of residents. Each senior who enters the community

requires additional food, personal

care, and support staff time. The estimated cost for each per

son is $4000 per person per

month.

(a) How many senior citizen residents does the facility need to have in order to reach the

breakeven point?

(b) What is the company’s annual profit or loss if they maintain an average residency

level of 350 senior citizens?

Answers

QuickHelper
(10)
Status NEW Posted 29 May 2017 06:05 PM My Price 13.00

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