Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Calculate the return-on-investment for this scenario. A large automobile dealership decides to provide a one-day onsite training for its sales associates to help them be

image text in transcribed
Calculate the return-on-investment for this scenario. A large automobile dealership decides to provide a one-day onsite training for its sales associates to help them be effective in explaining the features and benefits of extended warranties. The dealership sells 3,500 automobiles a year. Before the training, only 25% of customers purchased an extended warranty. After the training, 30% of customers are purchasing the extended warranty. Extended warranties sell for $200. The costs of the training are: Trainer: $2,500 Travel expenses for trainer: $1,200 Curriculum: $500 Refreshments and lunch: $350

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

What is CRUD? Why is this useful?

Answered: 1 week ago

Question

3. What should a contract of employment contain?

Answered: 1 week ago

Question

1. What does the term employment relationship mean?

Answered: 1 week ago