Expected Return Analysis

Expected Return Analysis. Dr. John Carter offers health seminars to local PTA groups. On average, Carter expects 2% of seminar participants to become patients of his HMO organization at a gross billing of $2,500 per patient per year.
A. Calculate Carter's expected net return per dollar of gross patient billings if attendance averages fifty persons per seminar, and a first-year net return of $100 must be earned to justify Carter's time and effort per seminar.

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