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%
Answer:
b. 3.4 pounds
Explanation:
Swifty Corporation
Product requires 2.9 pounds of materials per unit
Add Allowance for waste per unit is 0.3 pounds
Add Spoilage per unit 0.2 pounds
Standard Quantity is = 2.9+ 0.3+ 0.2= 3.4 pounds
The standard quantity per unit for direct materials should reflect the amount for each unit of finished product as well as allowance for unavoidable waste, spoilage and other normal inefficiencies
Answer:
The percentage change in net income was smaller in 2017 than 2016.
Explanation:
The percentage change in net income in 2016 was:
⇒ 150/120 -1 = 0.25 or 25%.
Whereas, the percentage change in net income in 2017 was:
⇒ 170/150 -1 = 0.1333 or 13.33%.
Hence, this statement is correct that percentage change in 2017 was 13.33% which was smaller than percentage change of 25% in 2016.
In monopolistic competition prices are usually higher than in perfect competition.