HoldDesk, Inc. has an annual labor cost of $3,000,000. It has a turnover rate of 10 percent and a planned average increase of 5 percent. The turnover effect is
A. $15,000.
B. $45,000.
C. $10,000.
D. $30,000.
Answer: A
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When using special journals, the sale of merchandise in exchange for cash would be recorded in the
a. cash receipts journal. b. sales journal. c. cash payments journal. d. accounts receivable ledger.
Using the future value table, a student found that the future value amount of $1 for 5 years at an annual interest rate of 10% is 1.611 . The student also observed that the future value of $1 for 5 years at 10% compounded semiannually is 1.629 . This means that
a. the more often the compounding, the higher the future value. b. the student was looking in the wrong column; the second amount should be 1.611/2. c. there was an error in the table. d. when interest is compounded semiannually, more money must be deposited to have a desired ending balance.
The main goals of _____ systems are to increase the quality of customer service, reduce the amount of labor involved in serving customers, and learn as much as possible about the service preferences of individual customers.
A. customer relationship management B. enterprise resource planning C. expert D. decision support
Average cost method assigns an average cost to all products made during an accounting period
Indicate whether the statement is true or false