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dlinn
29 days ago
14

With 100 employees on staff, your company's insurance company recommended an online two-hour seminar each employee should watch

and complete regarding new safety practices. By completing the seminar, accidents costing the company $88,000 per year will be reduced by 25%. The seminar will cost $15,000 once all employees complete it. How much money will the company save
Business
1 answer:
Scilla [3.2K]29 days ago
6 0

Answer:

$7,000

Explanation:

The insurance provider will likely save some expenses, although I doubt your company will. Assuming the seminar amounts to $15,000 and is covered by the insurance company. Upon completing the seminar, accidents should drop by 25%, equating to $88,000 x 25% = $22,000.

The insurance company will save $22,000 due to the seminar, and after deducting the seminar cost of $15,000, the net savings would be $22,000 - $15,000 = $7,000.

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