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Labor

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › Labor

  • This topic has 6 replies, 2 voices, and was last updated 1 year ago by John Moffat.
Viewing 7 posts - 1 through 7 (of 7 total)
  • Author
    Posts
  • August 29, 2021 at 8:33 pm #633425
    johnbriane
    Member
    • Topics: 170
    • Replies: 160
    • ☆☆☆

    Sir I created this question

    Apple company had 5000 employees at the start of the year . During the year 500 of them were left . At the end of the year there were 3500 employees.

    What is the labor turnover ratio . ( expresses to the whole number )

    When we consider the replaced figure as 500 then

    Can you please explain this sir

    Employees that should be at the year end is 4500
    But employees at the year end is 3500

    So what do we call this difference of 1000 employees

    August 29, 2021 at 8:45 pm #633432
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 51567
    • ☆☆☆☆☆

    I have no idea where you found this question, but if they had 5,000 at the start of the year and only 3,500 at the end of the year then a total of 1,500 left during the year and none of them were replaced. I have no idea where you are getting the 500 from.

    August 29, 2021 at 8:46 pm #633433
    johnbriane
    Member
    • Topics: 170
    • Replies: 160
    • ☆☆☆

    And sir please kindly tell me how to do that question which i created please

    August 29, 2021 at 8:49 pm #633435
    johnbriane
    Member
    • Topics: 170
    • Replies: 160
    • ☆☆☆

    Sir
    You stated 1500 left
    But it’s 500 sir

    I mentioned 500 employees left

    August 29, 2021 at 9:06 pm #633440
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 51567
    • ☆☆☆☆☆

    The question as you have typed it does not have a turnover ratio.

    Yes – I did state that 1,500 left. Of course 1,500 left otherwise why did the number of employees fall from 5,000 to 3,500 ?? Maybe they all died, but even if they had died it would still be counted as them having left!!!

    August 30, 2021 at 2:35 pm #633519
    johnbriane
    Member
    • Topics: 170
    • Replies: 160
    • ☆☆☆

    So sir does that mean the question is wrong ?

    August 30, 2021 at 3:43 pm #633541
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 51567
    • ☆☆☆☆☆

    With only that information available then the turnover ratio would be zero (because nobody had been replaced). However that would never be the case in the exam.

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