At Community Hospital the average admission will create a file that will take up 0.25 inch of file space. Each new ER record requires 0.125 inch of filed space.
Approximately 25,000 new patients are admitted per year and 15,000 ER patients are treated per year. The shelving cost is $1.05 per filing inch. How much money should be allocated for storage space in next years budget?
To find the total cost for storage space, we first calculate the file space needed for new patient admissions and ER patients. For new admissions: 25,000 patients x 0.25 inches/patient = 6,250 inches. For ER patients: 15,000 patients x 0.125 inches/patient = 1,875 inches. The total file space needed is 6,250 inches + 1,875 inches = 8,125 inches. The shelving cost per inch is $1.05. Therefore, the total cost is 8,125 inches x $1.05/inch = $8,531.25.
25000x0.25 = 6250 15000x.0.125 = 1875 6250+1875 = 8125x1.05 = 8531.25
25,000 new Patient's*0.25 in file space=6,250 then ER patients15,000 * 0.125=1,875 then add 6,250 + 1,875=8,125*1.05 shelving cost=8,531.25