Labour Turnover (i)                  Separation Rate Method = Number of separations ina period ÷ Average number of workers in the period x 100 (ii)                Replacement Method = Number of replacements in […]

        Maximum Level Maximum Level = Re-order level + Re-order quantity – (Minimum consumption x Minimum Re-order period) 2.       Minimum Level Minimum Level = Re-order level – (Average […]

Our society is changing. Nuclear families are the norm. Inflation is high and hence money needed to fund the retirement is increasing. Additionally due to longevity of life, the requirement […]

Accounting Ratios   To test Name of Ratio Formula Parties interested Industry norm Liquidity and Solvency i) Current Ratio Current AssetsCurrent Liabilities Short-term creditors, investors, money lenders & like parties […]