How can I relate the cost justification formulas to the domains of athletic training?
Payback Period The payback period provides the number of months or years required to recover the initial investment. All things being equal, a project with a shorter payback period is considered better because of the lower perceived risks. Likely candidates for payback period are customers who are concerned with getting a quick turnaround of their investment. Generally, this method is very risky since its perspective is very narrow. The general payback period formula is: Payback Period = Cost of Project / Expected Return or = Cost of Investment / Annual Cash Flow or = Initial Investment / Expected Savings Significant advantages of employing a certified athletic trainer are the diverse training and background, which enables the ATC to be the sole provider for a number of programs and services. Relating the general role of an athletic trainer to all of the Domains collectively can be expressed through use of the payback period. An example of the effect of an ATC on the payback period is
Related Questions
- What are important cost justification formulas to know when meeting with management to provide athletic training services at an occupational company?
- How can I relate the cost justification formulas to the domains of athletic training?
- How do the domains of athletic training relate to the occupational setting?
