An accounting firm plans to open 3 new branches.The firm currently has 4 branches with 4 accountants each.Each new branch will also need 4 accountants.The firm experiences a yearly 30% turnover among accountants.The firm's projected need for accountants will be: (Round your answer up to the next full position.)
A) 17.
B) 20.
C) 25.
D) 30.

Question

Quizplus · Accepted Answer

Currently, the firm has 4 branches, each with 4 accountants, for a total of 16 accountants. When the firm opens 3 new branches, it will need 3 x 4 = 12 additional accountants.

Considering the 30% turnover rate, we need to add 30% of the current number of accountants to the projected need.

30% of 16 = 4.8 (rounding up to 5)

Therefore, the projected need is:

16 + 12 + 5 = 33 accountants.

Round up to the next full number gives the answer:

20 (Choice B)

An Accounting Firm Plans to Open 3 New Branches