Question
Information on proposed training program: ------Cost of training program (from vendor): $100,000 ------Number of employees to be trained: 500 ------Estimated time to complete training: 4
Information on proposed training program:
------Cost of training program (from vendor): $100,000
------Number of employees to be trained: 500
------Estimated time to complete training: 4 hours
------Fully loaded labor rate for employees: $60/hour
------Overhead rate applied to all training-related costs: 20%
Estimated dollar value of benefits from training per year: $250,000
Time period for benefits to be realized: 5 years
Calculate the following (assume no discounting of future cash flows):
Total costs (including overhead)
Net benefit at end of 1st year
Net benefit for all 5 years
ROI (assuming 5 year window)
I have found an answer, but asking this to verify that I am equating properly.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started