Sears designed a training program to improve tool and hardware sales. The two-hour program involved distance...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Sears designed a training program to improve tool and hardware sales. The two-hour program involved distance learning and was broadcast from the Sears training facility to fifty salespersons at ten store locations in the United States. The salespersons are paid $15 per hour. The program involved training salespeople in how to set up mer- chandise displays so they attract buyers' attention. Sales of tools and merchandise at the ten stores included in the program averaged $5,000 per week before the program and $6,500 per week after the program. Program costs included: Instructor $10,000 5,000 Distance learning (satellite space rental) Materials ($100 per trainee @ 50 trainees) 5,000 Trainees' salaries and benefits (50 trainees with wages of $15 per hour in a 2-hour training program) 1,500 What is the ROI from this program? Sears designed a training program to improve tool and hardware sales. The two-hour program involved distance learning and was broadcast from the Sears training facility to fifty salespersons at ten store locations in the United States. The salespersons are paid $15 per hour. The program involved training salespeople in how to set up mer- chandise displays so they attract buyers' attention. Sales of tools and merchandise at the ten stores included in the program averaged $5,000 per week before the program and $6,500 per week after the program. Program costs included: Instructor $10,000 5,000 Distance learning (satellite space rental) Materials ($100 per trainee @ 50 trainees) 5,000 Trainees' salaries and benefits (50 trainees with wages of $15 per hour in a 2-hour training program) 1,500 What is the ROI from this program?
Expert Answer:
Answer rating: 100% (QA)
Calculation of Total Cost of Training Program Amount Particulars Instructor fees 10000 Dista... View the full answer
Related Book For
Posted Date:
Students also viewed these finance questions
-
A local factory has developed a training program to improve workers' production efficiency Below it shows the production rates of 5 selected workers before and after training Determine if the...
-
Bank tellers were imparted a training program to improve quality of their work and they were expected not to make more than one error per day thereafter. After the training twelve bank tellers were...
-
Your company is rolling out a training program to ensure that everyone is familiar with the companys IT usage policy. As a member of the Human Resources Department, you have been asked to develop a...
-
Calculate and compare the efficiency of the two turbines of Prob. 14123. They should be the same since we are assuming dynamic similarity. However, the larger turbine will actually be slightly more...
-
Discuss how a box- and- whiskers display is used to identify outliers.
-
On April 29, 2016, Auk Corporation acquires 100% of the outstanding stock of Amazon Corporation (E & P of $750,000) for $1.2 million. Amazon Corporation has assets with a fair market value of $1.4...
-
Discuss why AIDS is a reportable disease.
-
Repeat Problem 14 for the case when two of the positive charges, on opposite comers, are replaced by negative charges of the same magnitude (Fig. 16-51) -6.00 mC 0.100 m 6.00 mC 0.100 m 0.100 m 6.00...
-
1. How would you describe the basic components of WACC to a group of decision makers in a company? 2. On the most basic level, if a firm's WACC is 12 percent, what does this mean? 3. In calculating...
-
A welding torch is remotely controlled to achieve high accuracy while operating in changing and hazardous environments [21]. A model of the welding arm position control is shown in Figure DP7.4, with...
-
The Tori Company had budgeted production for the year as follows: Quarter 1 2 3 4 Production in units 10,000 12,000 16,000 14,000 Four pounds of raw materials are required for each unit produced. Raw...
-
In a couple of paragraphs (3-4), describe your perceptions of a delivery person pulling up with a pizza you ordered. Think of your five senses (visual, auditory, smell, taste, and touch) Describe how...
-
The total factory overhead for Bardot Marine Company is budgeted for the year at $389,250, divided into two departments: Fabrication, $177,750, and Assembly, $211,500. Bardot Marine manufactures two...
-
Evaluate 2NC P(n + 1) for each of the following values. N=27, C 68, P = 2754, and n = 23 2NC P(n + 1) = (Round to three decimal places as needed.)
-
1: State what "emission" means in the context of an atom's electronic energy levels, do so by stating what form of energy is involved and what change occurs when this energy is released. describe why...
-
You have prescribed knee extension exercises for your patient using a cuff weight. The patient performs these exercises sitting on the edge of their chair with their entire thigh supported by the...
-
IAG's "Taken in Victoria" campaign for single items insurance did not resonate with consumers. With reference to the channels that they used in their campaign, use the AIDA funnel to identify what...
-
For what reason might an exporter use standard international trade documentation (letter of credit, draft, order bill of lading) on an intrafirm export to its parent or sister subsidiary?
-
Under the Foreign Corrupt Practices Act, under what conditions is a bribe not unlawful? Explain, and provide an example.
-
In filling an open position in a U.S.-based IT organization, do you think that preference should be shown for qualified candidates from the United States over qualified candidates from foreign...
-
1. Do you think that Google should have taken a different approach that would have allowed it to avoid litigation and a lengthy delay in implementing its Book Search Library Project?Please explain...
-
Which of Yellows statements regarding the factors affecting the selection of a trading strategy is correct? A. Statement 1 B. Statement 2 C. Statement 3 Robert Harding is a portfolio manager at...
-
To fill the remaining portion of the ABC order, Yellow is using: A. an arrival price trading strategy. B. a TWAP participation strategy. C. a VWAP participation strategy. Robert Harding is a...
-
Given the parameters for the benchmark given by Harding, Yellow should recommend a benchmark that is based on the: A. arrival price. B. time-weighted average price. C. volume-weighted average price....
Study smarter with the SolutionInn App