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)$10,000
B)$45,000
C)$15,000
D)$30,000

Question

Quizplus · Accepted Answer

To calculate the turnover effect, we need to multiply the labor cost by the turnover rate and the planned increase percentage:
Turnover effect = $3,000,000 x 10% x 5% = $15,000
Therefore, the best choice is C.