XYZ Healthcare Center receives reimbursement from C.H.E.A.T.E.M. insurance company. XYZ receives P20 per physical therapy session. Each session lasts 15 minutes. Because of a shortage of physical therapists, XYZ often finds it necessary to use a temporary service to provide therapists. Assume collections and other variable cost amount to P3 per visit and all other facility costs are fixed. What is the most (per hour) XYZ should pay for physical therapist ?
XYZ Healthcare Center receives reimbursement from C.H.E.A.T.E.M. insurance company. XYZ receives P20 per physical therapy session. Each session lasts 15 minutes. Because of a shortage of physical therapists, XYZ often finds it necessary to use a temporary service to provide therapists. Assume collections and other variable cost amount to P3 per visit and all other facility costs are fixed. What is the most (per hour) XYZ should pay for physical therapist ?
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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XYZ Healthcare Center receives reimbursement from C.H.E.A.T.E.M. insurance company. XYZ receives P20 per physical therapy session. Each session lasts 15 minutes. Because of a shortage of physical therapists, XYZ often finds it necessary to use a temporary service to provide therapists. Assume collections and other variable cost amount to P3 per visit and all other facility costs are fixed.
What is the most (per hour) XYZ should pay for physical therapist ?
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