Word Problem: A hospital needs to figure the annual budget for an 11 bed facility based on 90% occupancy using a 4 day length of stay. 1st day = $625.00, 2nd day - $315.00, 3rd day = $315.00 and 4th day = $220.00. How much money can they expect to make for an entire year?

Each four days brings in $1,475.

90% of 365 = 328.5

328.5 / 4 = 82.125

82.125 * $1,475 = ?

Your final answer above should be multiplied by 11.

To calculate the annual budget, we need to determine the revenue generated for each bed per day and then multiply it by the number of beds, occupancy rate, and the number of days in a year.

First, let's calculate the revenue generated per bed each day:

Day 1: $625.00
Day 2: $315.00
Day 3: $315.00
Day 4: $220.00

To find the average daily revenue per bed, we sum up the amounts and divide by the number of days:

(625 + 315 + 315 + 220) / 4 = $368.75

So, the average daily revenue per bed is $368.75.

Next, we need to consider the occupancy rate. Given that it is 90%, we multiply the average daily revenue per bed by the occupancy rate:

$368.75 * 0.9 = $331.88

Now, we know the revenue generated per filled bed per day is $331.88.

To calculate the annual revenue, we multiply the daily revenue by the number of days in a year (assuming it is 365):

$331.88 * 365 = $121,002.20

Therefore, the hospital can expect to make approximately $121,002.20 for the entire year from the 11-bed facility, based on 90% occupancy and a 4-day length of stay.