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STATE OF ALASKA DEPARTMENT OF TRANSPORTATION AND PUBLIC FACILITIESRETENTION VALUE ESTIMATEproject name: ___state project #: ___federalaid project #: ___parcel #: ___ unit #: ___OWNER ___ ADDRESS ___SUBJECT COMPARABLE
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How to fill out retention value

01
To fill out retention value, follow these steps:
02
Determine the start date and end date for which you want to calculate the retention value.
03
Calculate the number of customers who were active at the start of the period (A).
04
Calculate the number of customers who are still active at the end of the period (B).
05
Calculate the number of new customers acquired during the period (C).
06
Calculate the retention value using the formula: Retention Value = (B / (A + C)) * 100%.
07
Fill out the retention value in the appropriate field or report.

Who needs retention value?

01
Retention value is useful for businesses and organizations that want to measure and analyze customer retention rates.
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It is especially important for companies that rely on repeat customers and want to assess the effectiveness of their customer retention strategies.
03
Marketing teams, sales departments, and customer success managers often use retention value as a metric to evaluate customer loyalty and engagement over time.
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By tracking and comparing retention values, businesses can identify trends, make data-driven decisions, and implement improvements to retain more customers.

What is RETENTION VALUE - dot alaska Form?

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Retention value refers to the amount of information or records that an organization is required to keep for a specified period, often for compliance or legal purposes.
Organizations, businesses, and individuals who manage records that are subject to retention requirements as mandated by law or regulation are required to file retention value.
To fill out retention value, organizations should identify the categories of records they have, determine the retention period for each category, and complete any required forms or documentation as specified by regulatory agencies.
The purpose of retention value is to ensure compliance with legal and regulatory requirements, manage information effectively, and minimize risks associated with maintaining or disposing of records.
Information that must be reported includes the types of records, retention periods, storage methods, and the responsible parties for record management.
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