Problems need to include all required steps and answer(s) for full credit. All answers need to be reduced to lowest terms where possible. If the answer is in %, show two decimal places.
Answer the following problems showing your work and explaining (or analyzing) your results. Submit your work in a typed Microsoft Word document.
1. During an economic downturn, Lanier Company is forced to lay off employees. The table below breaks down the layoffs:
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