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4 years ago

Explain Labour turnover

Business

1 answer:

koban [17]4 years ago

7 0

Answer:

Labor turnover, also known as staffing turnover, refers to the ratio of a number of employees who leave a company through attrition, dismissal or resignation to the total number of employees on the payroll in that period. It's used for measuring employee retention.

Explanation:

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A firm has a production process in which the inputs to production are perfectly substitutable in the long run. Can you tell whet

Alik [6]

Answer:

The marginal rate of technical substitution will remain constant.

Explanation:

The marginal rate of technical substitution is the rate at which an input is substituted for others. For instance, it is the rate at which the amount of labor should be decreased to increase the amount of capital.

It represents the slope of an isoquant. When the inputs are perfectly substitutable, the isoquant is a straight line. In this situation, the marginal rate of technical substitution remains the same at all the points of the isoquants. The MRTS remains constant, though further information is needed to find out if it is high or low.

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3 years ago

Write in detail about the programmes of the institute of agriculture and animal science

vodka [1.7K]

Answer:

The mission of the institute is to promote agricultural science and to train manpower for agricultural development focusing on teaching, research and extension.

Explanation:

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1 year ago

Zipcar car rentals is an example of a type of innovation that is similar to product innovation except that this innovation relat

andrew-mc [135]

Zipcar car rentals is an example of a type of innovation that is similar to product innovation except that this innovation relates to services.

Product innovation is the introduction of a new or improved good or service. This improvements may be functional, technical and so on.

Service innovation is similar to product innovation except that this innovation relates to services.

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3 years ago

Marginal social cost is defined as:_____.

Alika [10]

Marginal social cost is defined as the marginal private cost plus the opportunity cost.

When an extra or additional unit of a good or service this produced brings about a change in society's total cost. This change in society's total cost is called marginal social cost. This includes both the opportunity cost and the marginal private cost. So it is the total of the private cost and the external cost that the person has to pay.

Marginal private cost is the change in the total cost of the producer due to the production of an additional unit of a good or service. This cost is also known as the marginal cost of production For example if the production of a person's costs rises from$1,000 to $1,050 due to the production of this one good being produced for $50 is known as the marginal private cost.

The opportunity cost is the benefit the person would have gotten if he would have invested the money elsewhere. For example, if the person has an extra $50. He can either invest it in the business or he can invest it in the bank and get the interest. The interest money that the person has to forgo is called the opportunity cost.

Learn more about marginal social cost here:

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8 0

2 years ago

Elliptical Consulting is a consulting firm owned and operated by Jayson Neese. The following end-of-period spreadsheet was prepa

skad [1K]

Answer and Explanation:

The Preparation of income statement, retained earnings statement, and balance sheet is prepared below:-

Elliptical Consulting

Income statement

For the Year Ended June 30, 2016

Particulars Amount

Revenue

Fees earned $60,000

Less:

Expenses

Salary expense $32,375

Supplies expense $2,100

Depreciation expense $1,500

Miscellaneous expense $2,000

Total expense $37,975

Net income $22,025

Elliptical Consulting

Retained earning

For the Year Ended June 30, 2016

Particulars Amount

Opening balance $52,200

Add:Net income for the year $22,025

Total $74,225

Less: Dividends $2,000

Closing balance of retained

earnings $72,225

Elliptical Consulting

Balance Sheet

For the Year Ended June 30, 2016

Particulars Amount

Assets

Cash $27,000

Accounts receivable $53,500

Supplies $900

Total current assets $81,400

Property plant and equipment

Office Equipment $30,500

Less:Accumulated

Depreciation $6,000 $24,500

Total Assets $105,900

Liabilities & Stockholder's Equity

Accounts payable $3,300

Salaries payable $375

Total liabilities $3,675

Stockholder's Equity

Common Stock $30,000

Retained earnings $72,225

total stockholders Equity $102,225

Total liabilities and Stockholder's

Equity $105,900

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3 years ago