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. The dealership sells 3,500

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

Then respond to the following questions:

  1. What is the ROI for the program described this scenario?
  2. How does ROI relate to Kirkpatricks Evaluation Model?
  3. Why is measuring ROI important, and how is this measurement useful?

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_2

Step: 3

blur-text-image_3

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

Principles Of Auditing And Other Assurance Services

Authors: Ray Whittington, Kurt Pany

17th Edition

0077304454, 978-0077304454

More Books

Students also viewed these Accounting questions

Question

d. How were you expected to contribute to family life?

Answered: 1 week ago