The Money Inputs We Need for CLV Include All of the Following

question 32

Multiple Choice

The money inputs we need for CLV include all of the following EXCEPT

• A) estimates of retention costs.
• B) estimates of acquisition costs.
• C) estimates of company.
• D) average contributions for the segment(s) under consideration.

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Definitions:

Adjusting Journal Entries

Entries made in the accounting records to correct any discrepancies or to make non-cash adjustments.

Wages Expense

The total cost incurred by an employer for paying the hourly earnings of its employees.

Wages Payable

The total amount of wages earned by employees that the company has not yet paid.

End-Of-Period Spreadsheet

An End-Of-Period Spreadsheet is a document used in accounting to compile balances from journals and ledgers, facilitating adjustments and preparing financial statements.