Many of the questions we receive relate to eating and drinking, and how the hospice philosophy considers things like feeding tubes and hydration. Here are some of the most common questions and brief answers- if youâd like to discuss any of these issues in more detail, donât hesitate to give us a call or email us.
The gross margin represents the percent of total sales revenue that the company retains after incurring the direct costs associated with producing the goods and services sold by a company. A company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.
There are two major ways to represent the results of a total margin ratio equation. The first is as a ratio that compares revenue to expenses. Using a ratio, the benchmark for breaking even is 1:1, or 1.0. The other way to express total margin ratio is as a percentage. Here the benchmark becomes zero. Total margin ratio percentages can be positive to indicate profit, or negative to indicate a loss.