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23 Nov 2019

The Baldwin company will continue to train their existingworkforce at their current level to help reduce turnover andimprove productivity next year. Employee training costs haveincreased to $30 per hour. How much would their training costs peremployee be to the nearest dollar?

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Related questions

The Baldwin company currently has the following balances on their balance sheet:

Assets $263,400
Common Stock $59,042
Retained earnings $52,131

Suppose next year the Baldwin Company generates $20,000 in net profit, pays $10,000 in dividends, assets change to $151,000, and common stock remains unchanged. What must their total liabilities be next year?
Select: 1
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$29,827

Chester has negotiated a new labor contract for the next round that will affect the cost for their product Cid. Labor costs will go from $7.91 to $8.41 per unit. Assume all period and variable costs as reported on Chester's Income Statement remain the same.

If Chester were to pass on half the new labor costs to their customers, how many units of product Cid would need to be sold next round to break even on the product?
Select: 1
581
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1,980
558

Prepare a business report for management analyzing the return onthe investment for this system over a five-year period using thefollowing capital budgeting models: net present value, return oninvestment (ROI), internal rate of return (IRR), and paybackmethod. Assume a 5 percent interest rate for your net present valuecalculations. Use spreadsheet software for your calculations.

Dirt Bikes’s management would like to analyze the return on itsinvestment in its

employee training and skills tracking system described inChapter 13. The system runs on

the human resources specialists’ PCs using PC database software.Because the entire

corporate administrative staff recently received new desktop PCsystems with database

and other productivity software, there are no additionalhardware and software purchase

costs. The main costs include the initial cost of designing andimplementing the database

(business staff cost of $5,000; information systems staff costof $15,000), gathering and

adding employee skills and training data to the database ($5,500initial data conversion

cost plus $1,000 annual data entry costs), and ongoingmaintenance and support ($3,000

annually). Human resources staff members believe the newapplication could save each

of them two hours of work per week. (Their annual salaries are$37,000 and $42,000

each.) The company would also save about $11,000 annually inemployee recruiting costs

because it would be able to fill many vacant positions withexisting employees, thereby

reducing its costs for recruiting outside the company. Thesystem would not be installed

until the end of 2014 and would return benefits from 2015 to2019.number of hours 40 per week

Chapter 14 Running Case Assignment: Improving Decision Making:Using

Spreadsheet Software to Analyze the Return on a New SystemInvestment

Software skills: Spreadsheet formulas and functions

Business skills: Capital budgeting

This project provides you with an opportunity to use spreadsheetsoftware to use the

capital budgeting models discussed in this chapter to analyzethe return on a new

information system investment for a real-world company.

Dirt Bikes’s management would like to analyze the return on itsinvestment in its

employee training and skills tracking system described inChapter 13. The system runs on

the human resources specialists’ PCs using PC database software.Because the entire

corporate administrative staff recently received new desktop PCsystems with database

and other productivity software, there are no additionalhardware and software purchase

costs. The main costs include the initial cost of designing andimplementing the database

(business staff cost of $5,000; information systems staff costof $15,000), gathering and

adding employee skills and training data to the database ($5,500initial data conversion

cost plus $1,000 annual data entry costs), and ongoingmaintenance and support ($3,000

annually). Human resources staff members believe the newapplication could save each

of them two hours of work per week. (Their annual salaries are$37,000 and $42,000

each.) The company would also save about $11,000 annually inemployee recruiting costs

because it would be able to fill many vacant positions withexisting employees, thereby

reducing its costs for recruiting outside the company. Thesystem would not be installed

until the end of 2014 and would return benefits from 2015 to2019.

 Prepare a business report for management analyzing the returnon the investment

for this system over a five-year period using the followingcapital budgeting

models: net present value, return on investment (ROI), internalrate of return

(IRR), and payback method. Assume a 5 percent interest rate foryour net present

value calculations. Use spreadsheet software for yourcalculations. 40 hours working per week

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