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

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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 Complete TIP Exercise #1 on page 266 of the Crews v1.0 textbook. Prepare a document using the following format to show your calculations: Total Monetary Benefit: HOMEWORK HINT: The question is asking for the increase in monetary benefit (show this calculation at bullet 3). Bullets 1 & 2 are calculations needed to arrive at the numbers you will use come up with the increase in monetary benefit (bullet 3). Total Cost of Training: ROI: 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 Complete TIP Exercise #1 on page 266 of the Crews v1.0 textbook. Prepare a document using the following format to show your calculations: Total Monetary Benefit: HOMEWORK HINT: The question is asking for the increase in monetary benefit (show this calculation at bullet 3). Bullets 1 & 2 are calculations needed to arrive at the numbers you will use come up with the increase in monetary benefit (bullet 3). Total Cost of Training: ROI:

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1 Additional revenue generated To determine the increase in revenue we must calculate extended warra... View the full answer