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Allisa [31]
2 years ago
8

A manager employed 100 workers at the beginning of an accounting period, and 120 workers at the end of the period. During the ac

counting period 50 employees voluntarily left their employment and 5 employees were terminated. What was this manager's overall employee turnover rate in the accounting period?
Business
1 answer:
My name is Ann [436]2 years ago
7 0

Answer: 25%

Explanation:

Employee turnover rate (ETR) = number of employees leaving/Average number of employees × 100

Number of employees leaving = 50 employees leaving voluntarily + 5 terminated employees = 55 employees

Average number of employees = 100 + 120 = 220 employees

ETR = 55÷220 × 100 = 25%

Therefore the Employee turnover Rate for the accounting period was 25%

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Statement of cash flows
likoan [24]

Answer:

a.

Palmetto Statement of Cashflows      

<u>For the Year Ended December 31, 2013 </u>    

   

Cashflow from Operating Activities    

Net Cashflow from Operaing Activities     $15,600

   

Cashflow from Investing Activities    

Net Cashflow from Investing Activities     ($23,000)

   

Cashflow from Financing Activities    

Net Cashflow from Financing Activities     ($4,500)

   

Net Increase (Decrease)    <u>($11,900)</u>

   

Add: Beginning of Period Cash balance    $32,000

   

Ending Cash Balance    <u>$20,100</u>

b. Operating Cash flow relates to the normal business operations of the business. A Net Cash Inflow from this therefore means that the business made a profit from its normal operations of selling fast food during 2013.

c. Investing Activities relate to transaction involving Fixed Assets as well as the stocks and bonds of other companies. The Net Cash flow was probably caused by Palmetto buying more Fixed Assets than they disposed of in the year 2013.

d. Financing activities relate to how the business is financed in terms of Equity and debt. The payments of Dividends therefore fall under here as they relate to Equity. A net cash outflow here therefore probably means that Palmetto paid out dividends to shareholders. They might have also repaid some loans but judging by how small the outflow is, the loans were either small or it was only dividends that were paid out.

4 0
3 years ago
What is the point at which supply and demand intersect at a given price?
WINSTONCH [101]
The answer is an equilibrium point. In economics, this relates to the condition of the economic forces in which supplies and demand meet meaning the demand is equal to the supplies of the certain product. It is set by increasing or decreasing the price of a good in response to the movement of the supply and demand in the market. 
8 0
3 years ago
Read 2 more answers
Which of the following is a false statement? Brokers are paid a fee for their agent services; dealers earn the bid-asked spread
Natalka [10]

Answer:

less volatile the price of a security, the wider the bid-asked spread.

Explanation:

From the answers listed in the question the one that would be considered false would be that the less volatile the price of a security, the wider the bid-asked spread. This is because the bid-asked spread usually depends on the liquidity of the asset, when the asset has a large enough liquidity which causes the volatility to be low the bid-asked spread becomes very narrow since there is not much demand for buyers willing to pay higher prices for the asset in question. The opposite occurs if an asset is very popular and volatility is high which creates a much wider bid-asked spread.

3 0
2 years ago
Accounting is the information system that A. processes information into reports. B. measures business activity. C. communicates
Natalka [10]

Answer:

The correct answer is letter "D": All of the above.

Explanation:

Accounting is the activity by which the economic transactions of a company are registered in ledgers that together form a group where information is recorded to be summarized at the end of an accounting period in Financial Statements. That report is useful for top managers since they can make decisions about what the firm should implement or replace to maximize the firm's resource allocation and profits.

8 0
3 years ago
Avocado Company has an operating income of $80,000 on revenues of $1,000,000. Average invested assets are $500,000 and Avocado C
WARRIOR [948]

Answer:

A. 8%

Explanation:

Profit margin = (Operating income / Revenue)

Profit margin = ($80,000 / $1,000,000)

Profit margin = 0.08

Profit margin = 8%

8 0
2 years ago
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