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# Finance questions

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1. Your hospital has the following revenue for the month of July-September:
July \$2, 000,000
Aug \$ 2, 500,000
Sep \$ 3,000,000

If 30% of the month's revenue is collected in the same month, 40% is collected in the second month and 30% is collected in the third month, how much of July's revenue is collected in August? and How much is collected in September?

2. An imaging center has the following information:
Revenue per test: \$225
Variable cost per test: 150
Total fixed costs: \$ 225.000
Calculate the total revenue dollars need to break-even.

3. A newly purchased piece of equipment shows the following:
initial cost \$1,000,000
Estimated yearly cash flow 25% of the initial cost
Calculate the payback (in Years)

##### Solution Summary

The solution explains some questions relating to cash collections, breakeven dollars and payback period

##### Solution Preview

1. July revenue collected in August would be 40% of the July sales. Collection in August = 2,000,000X40% = \$800,000
July revenue collected in Sept would be 30% which is ...

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