Excess revenue (total revenue minus operating expenditures) in the nonprofit sector are normally distributed with a mean of $1.5 million and a standard deviation of $1 million.

(a) What is the probability that a randomly selected nonprofit has negative excess revenues?

(b) What is the probability that a randomly selected nonprofit has excess revenue between $1 million and $2 million?

(c) If 10% of nonprofits are expected to exceed a certain excess revenue level, what is that revenue level?

Revenue Sources Discussion

In running any business, it is important to identify and manage your revenue sources so you can remain financially viable. In a health care environment, this is particularly important. As you know, there may be many changes to the Affordable Care Act (ACA) on the horizon under the new Administration in Washington, D.C. Research the Affordable Care Act (ACA) and:

1. In your first post:

Discuss one thing that you feel should remain the same with the new health care legislation that is expected from the current Administration, OR, discuss one change that you feel is greatly needed. Be sure to provide solid rationale for what you believe should remain the same or what aspect of the legislation should change.

Discuss the concept of Managed Care Organizations (MCOs). What is the goal of an MCO? Briefly discuss one strategy that is used by an MCO to reduce costs.

Bonnie purchased a 10 year bond on 1/1/2000. The bond was purchased to yield 4% per year convertible quarterly. The coupons are paid at 5% convertible quarterly. The bond is redeemable at par at the amount of 10,000. Bonnie received a coupon on 7/1/2005. What is the amortization of premium of the coupon she just received? 20.28 20.90 19.65 20.32 20.69

With double-digit annual percentage increases in the cost of health insurance, more and more workers are likely to lack health insurance coverage (USA Today, January 23, 2004). The following sample data provide a comparison of workers with and without health insurance coverage for small, medium, and large companies. For the purposes of this study, small companies are companies that have fewer than 100 employees. Medium companies have 100 to 999 employees, and large companies have 1000 or more employees. Sample data are reported for 50 employees of small companies, 75 employees of medium companies, and 100 employees of large companies.

1. Conduct a test of independence to determine whether employee health insurance coverage is independent of the size of the company. Use  = .05. Use Table 12.4.
   
   Compute the value of the x² test statistic (to 2 decimals).?
   
   
   The p value is ?
   
   What is your conclusion?
   Conclude health insurance coverage is not independent of the size of the company/Cannot reject the assumption that health insurance coverage and size of the company are independent
2. The USA Today article indicated employees of small companies are more likely to lack health insurance coverage. Calculate the percentages of employees without health insurance based on company size (to the nearest whole number).
   

   Small	%
   Medium	%
   Large	%

   
   
   Based on the percentages calculated above, what can you conclude?

• List four of the six reasons why Customer Satisfaction is important.

• Explain the difference between measuring the quality of a manufactured product vs. the quality of a service product.

• A typical company gets 65 percent of its business from existing customers. Explain why it is so important to understand this concept.

• Three of the ways customers are segmented are demographics, geographic, and “vital few and useful many.” Provide an example of each and why you’ve elected to use these examples to focus your business decisions.

• Contrast the mindset of traditional management with that of TQM.

ABC an Indian company specialised in the production of local organic and Non-GMO snacks. Mr.
Ameet-the marketing director has floated the idea in the recent board meeting to start exporting the
same snacks to Canada. Mr. Parkat- a Chairman has some reservations about it and asked you to assist
in negotiation of this kind of contract with some of the potential customers in Canada. Advise Mr. Parkat
about the details of the areas of negotiations to be considered to make a contract with potential
customers in Canada. Also suggest some strategies for negotiation.

This past year, your team made $80,000 in net revenue from concession sales. You decide to take 10% of that net revenue and invest it for 3 years with a guaranteed 7% annual return. What is the future value of the money you invested at the end of 3 years? (FV = C₀ x(1 + r)^t)

Create an ERD (using Crow’s Foot Notation) for the following description. Be sure to include all necessary entities, attributes, and correct cardinality in relationships between entities.

You have been asked to build a database for a sportswear company called AthFleet. The company owner needs to keep track of the customers that buy their products, the employees that work at AthFleet, the vendors that provide them with products, and the products themselves. Each vendor has contact with one employee representative and needs this support. Employees in their first year usually don’t have vendors to support, as they are learning the ropes, but as they work there longer and more vendors are reached, they may be assigned their only vendor. The owner wants to track employee names and email addresses, as well as vendor names and locations.

Vendors provide products to AthFleet, like shoes, apparel, and equipment. Each product they sell comes from only one vendor. Some products are made in house, but if a vendor is in the system they must have provided a product. The owner wants to track product names and each product’s unique SKU. Finally, customers purchase products from AthFleet and that transactional data needs to be recorded. Each product is often purchased by lots of customers, especially if it is popular. Customers are only put in the system if they have made a purchase, but a product does not need to have been purchased to be stored. The owner wants to keep track of customer names and email addresses.

A Select pricing strategy can be used to build prestige for a product or brand, while a Select pricing strategy is best used to build market share.

Home Depot is a(n)

Walmart is a(n)

Running Room is a(n)

The Bay is a(n)

When Home Depot cuts boards to length for customers, it is providing          utility.
When Best Buy installs software on a computer for a customer, it is providing          utility.
When Running Room helps customers select the best running shoe to suit their particular needs, it is providing          utility.
When Costco makes prints for customers in less than one day, it is providing          utility.

When a retailer offers a small selection of products below cost to attract store traffic, it is using a(n)          pricing strategy.
When a company tries to make a profit by selling large volumes at low margins, it is using a(n)          pricing strategy.
When Canadian Tire sends out its weekly flyer showing a selection of products at special prices, it is using a(n)          pricing strategy.
When a company enters the market with premium prices to attract price-insensitive customers, it is using a(n)          pricing strategy.

The actual movement of products from manufacturer to final consumer is called          .
The act of getting the right product to the right person at the right place at the right time is called          .
When a manufacturer sells its products through retailers, it is using          .
Collectively, the businesses involved in getting goods from the producer to the consumer is referred to as          .