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Case Analysis: CBA Rural Bank is a rural bank serving the entire Zamboanga Peninsula and just like any business organization it has been significantly affected by the pandemic. It has 13 branches all over ZP and a total of 170 employees as of the latest manpower headcount. Below is its hypothetical manpower data and labor productivity-related costs: Compute for the following using the data above. Employee turnover rate for 2019 and its succeeding quarterly turnover rate. Can you identify whether such resignations above are voluntary or involuntary? Why so?

Case Analysis: CBA Rural Bank is a rural bank serving the entire Zamboanga Peninsula and just like any business organization it has been significantly affected by the pandemic. It has 13 branches all over ZP and a total of 170 employees as of the latest manpower headcount. Below is its hypothetical manpower data and labor productivity-related costs: Compute for the following using the data above. Employee turnover rate for 2019 and its succeeding quarterly turnover rate. Can you identify whether such resignations above are voluntary or involuntary? Why so?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Case Analysis:

CBA Rural Bank is a rural bank serving the entire Zamboanga Peninsula and just like any business organization it has been significantly affected by the pandemic. It has 13 branches all over ZP and a total of 170 employees as of the latest manpower headcount. Below is its hypothetical manpower data and labor productivity-related costs:

  1. Compute for the following using the data above.
    1. Employee turnover rate for 2019 and its succeeding quarterly turnover rate.
  2. Can you identify whether such resignations above are voluntary or involuntary? Why so?
ManpowerHeadcount for CBA Rural Bank 2020 2021 2019 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter Regular 150 185 200 212 195 175 Probationary 30 15 12 6 2 Resignations 12 1 6 Total 168 199 207 212 190 170 CBA HR Department's Labor Related 2020 2021 Costs 2019 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter Salaries Expense-Regular Salaries Expense- Probationary Total Salaries Expense Training Expense Food and Clothing Allowance Transportation Allowance Communication Allowance TOTAL LABOR COST Gross Banks Consolidated Income Total Banks Charges to Gross Income 22,425,000.00 27,657,500.00 29,900,000.00 31,694,000.00 29,152,500.00 26,162,500.00 2,232,000.00 24,657,000.00 27,936,500.00 30,123,200.00 31,805,600.00 29,189,700.00 26,162,500.00 279,000.00 223,200.00 111,600.00 37,200.00 1,205,000.00 300,000.00 120,000.00 30,000.00 25,000.00 85,000.00 3,000,000.00 925,000.00 1,000,000.00 1,060,000.00 975,000.00 875,000.00 900,000.00 92,500.00 120,000.00 150,000.00 175,000.00 180,000.00 198,000.00 29,762,000.00 7,440,500.00 1,860,125.00 465,03125 116,257.81 29,064.45 150,875,632.00 37,718,908.00 20,578,412.03 14,254,125.47 15,421,578.36 15,478,012.25 105,612,942.40 26,403,235.60 14,404,888.42 10,690,594.10 11,566,183.77 45,262,689.60 11,315,672.40 11,608,509.19 3,869,503.06 Net Banks Consolidated Income 6,173,523.61 3,563,531.37 3,855,394.59
Transcribed Image Text:ManpowerHeadcount for CBA Rural Bank 2020 2021 2019 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter Regular 150 185 200 212 195 175 Probationary 30 15 12 6 2 Resignations 12 1 6 Total 168 199 207 212 190 170 CBA HR Department's Labor Related 2020 2021 Costs 2019 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter Salaries Expense-Regular Salaries Expense- Probationary Total Salaries Expense Training Expense Food and Clothing Allowance Transportation Allowance Communication Allowance TOTAL LABOR COST Gross Banks Consolidated Income Total Banks Charges to Gross Income 22,425,000.00 27,657,500.00 29,900,000.00 31,694,000.00 29,152,500.00 26,162,500.00 2,232,000.00 24,657,000.00 27,936,500.00 30,123,200.00 31,805,600.00 29,189,700.00 26,162,500.00 279,000.00 223,200.00 111,600.00 37,200.00 1,205,000.00 300,000.00 120,000.00 30,000.00 25,000.00 85,000.00 3,000,000.00 925,000.00 1,000,000.00 1,060,000.00 975,000.00 875,000.00 900,000.00 92,500.00 120,000.00 150,000.00 175,000.00 180,000.00 198,000.00 29,762,000.00 7,440,500.00 1,860,125.00 465,03125 116,257.81 29,064.45 150,875,632.00 37,718,908.00 20,578,412.03 14,254,125.47 15,421,578.36 15,478,012.25 105,612,942.40 26,403,235.60 14,404,888.42 10,690,594.10 11,566,183.77 45,262,689.60 11,315,672.40 11,608,509.19 3,869,503.06 Net Banks Consolidated Income 6,173,523.61 3,563,531.37 3,855,394.59
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