As we review our people management practices, it's essential to evaluate the return on the money we spend. Last ye spent $1100 on training and development per employee. From our internal research, these expenditures were tied to increase of 3.3% in employee productivity, with every 1% productivity gain resulting in a profit per employee increase $650. What's the return on our investment in last year's training and development investments? Rich Rich Carter Board Member, Human Resources | Andrews Corporation 95.0%

As we review our people management practices, it's essential to evaluate the return on the money we spend. Last ye spent $1100 on training and development per employee. From our internal research, these expenditures were tied to increase of 3.3% in employee productivity, with every 1% productivity gain resulting in a profit per employee increase $650. What's the return on our investment in last year's training and development investments? Rich Rich Carter Board Member, Human Resources | Andrews Corporation 95.0%

Essentials of Business Analytics (MindTap Course List)

2nd Edition

ISBN:9781305627734

Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Chapter8: Time Series Analysis And_forecasting

Section: Chapter Questions

Problem 21P: The president of a small manufacturing firm is concerned about the continual increase in...

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The New York Division of Ram Co. currently earns an ROI of 18%. The department manager is considering a new project, which requires a $100,000 investment in operating assets and generates a net operating income of $16,000. Assume that the company’s minimum required rate of return is 14%. Which of the following statement is true? a)If the manager is evaluated based on ROI, she will make the new investment because it increases the department’s ROI by 2%. b)If the manager is evaluated based on ROI, she will make the new investment because it generates an ROI that is 2% greater than the company’s minimum required rate of return. c)If the manager is evaluated based on residual income, she will make the new investment because it increases the department’s residual income by $2,000. d)If the manager is evaluated based on residual income, she will not make the new investment because it decreases the department’s residual income by $2,000.
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Hey, I need some help in Business Analytics. I have no idea what I am doing, here is the problem. The manager of a small firm is considering whether to produce a new product that would require leasing some special equipment at a cost of $20,000 per month. In addition to this leasing cost, a production cost of $10 would be incurred for each unit of the product produced. Each unit sold would generate $20 in revenue. Develop a mathematical expression for the monthly profit that would be generated by this product in terms of the number of units produced and sold per month. Then determine how large this number needs to be each month to make it profitable to produce the product.