Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

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

The Audit Committee Handbook

Authors: Louis Braiotta Jr.

4th Edition

0470226420, 978-0470226421

More Books

Students also viewed these Accounting questions

Question

c. What were the reasons for their move? Did they come voluntarily?

Answered: 1 week ago

Question

5. How do economic situations affect intergroup relations?

Answered: 1 week ago