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1
1st jan Employees are 100
31st Employees are Dec 70
During the year 40 left2
1st jan Employees are 3641
31st jan Employees are 3735
During the year 624 leftWhat is right value for the numerator of Labor Turnover Ratio?
>Do we consider people who left the company during the year as replacements?
Or
Since new employment may be more or less than people that left in a year, then what should we consider?
Slight off-topic. There seem to slight discrepancies in the exact formula for Labor Turnover Ratio. Does ACCA have any official list or something that states this is the only formula to be used and not any other version?
Why are you attempting questions for which you do have answers? You should be using a Revision Kit from one of the ACCA approved publishers – they have answers and explanations 🙂
For the first question, 40 left and therefore if none had been replaced there would only be 60 at the end of the year. In fact there were 70 at the end of the year and so 10 of the leavers must have been replaced.
For the second question, 624 left and so if none had been replaced then there would be 3,017 left at the end of the year. In fact there were 3,735 at the end of the year which is 718 more than 3,017. This means that all 624 leavers were replaced (and 94 extra were employed).
The ACCA does not have a standard list of these formulae, but there is only one formula for it – the one that I explain in my free lectures.
hallo is there any difference between Revision kit and Exam kit, or do they mean the same.
many thanks.BPP call it ‘Revision Kit’, Kaplan call it ‘exam kit’. They will have different questions. but otherwise they are both the same idea – lots of exam standard questions to use for practice.
> Why are you attempting questions for which you do have answers?
Right now I am just going through the course material for the very first time. I am struggling a bit in understanding the concepts as such so I am a bit stressed out atm.
That said, I posted this because in notes formula just said replacement / average number of employees, I didn’t quite got hang of the concept so I looked up the formula on the net. Other Formula was People who left / average number of employees. That confused me even more.
Concept is now clear. Thank you. One more thing, should one study the notes first and then more to videos or visa versa?
The notes are lecture notes – not a Study Text – and are supposed to be used at the same time as watching the lectures. Print out the notes and have them in front of you when you watch the lectures. It is in the lectures that I work through the examples, and explain and expand on the notes.
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