What Is a Use of a Firm's Labor Trend Reports

question 68

Multiple Choice

What is a use of a firm's labor trend reports (select all that apply) ?

• A) It allows managers to determine the effect of employee labor on departmental profits.
• B) It allows managers to predict future labor costs.
• C) It is a report designed for external stakeholders.
• D) It highlights issues and results of seasonal labor.

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Definitions:

Fixed Costs

Costs that do not change with the level of production or business activity, such as rent, salaries, and loan payments.

Estimated Sales Price

The anticipated amount for which a product or asset would sell in the current market.

Discounted Payback Period

The time it takes for the cash flows from an investment to equal the initial cost of the investment, accounting for the time value of money.

Variable Cost

Charges that directly correspond to changes in the amount of business activity or production levels.