Graduate level Case Study Analysis in APA in text citation and apa references

PROFESSIONAL GRAD LEVEL PAPER AND ALL QUESTIONS AND CONCERNS MUST BE ADDRESSED! Original quality work
Case Study #1 Break Even Analysis
Scenario: (hypothetical)
Break-even exercise
Break-Even Analysis or Cost Volume Profit Analysis (CVP)
The California Medical Hospital is a full service hospital in Burbank CA. Kathy Potts the Chief Surgeon and Regina Johnson the Hospital Administrator have been working on a project to bring a new product to their hospital knee replacements to expand the services provided in hopes of bringing in additional revenue.
After much analysis and market studies the two are ready to present their findings to the board. You are the Finance Director who has put the information together.
They have decided that a new knee replacement will cost $17000. The supplies used will cost the hospital $9500 and the selling expenses paid amount to $3000 per knee. The wing they will use will rent for $15500 per month and the surgeon will receive a fixed salary of $25000 per month. (Show your work on all problems)
Variable costs = $9500 per knee
One additional employee at a cost of $1000 per month
Everything else remains the same from above(The rent becomes the mortgage payment the surgeon will accept the same salary and the SP is still $17000)
Determine the number of knee replacements to break-even.
What scenario would you recommend and why?
6. Define break even analysis and its importance in the health care industry
7. Define variable costs
8. Define contribution margin
9. Define fixed costs
10. Compare and contrast a variance analysis and a sensitivity analysis.