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A lawyer allocates overhead costs based on his hours working with different clients. the lawyer expects to have $200,000 in overhead during the year and expects to work on clients cases 2,000 hours during the year. in addition he wants to pay himself $50 per hour for working with clients. the lawyer however does not bill all of his clients based on covering overhead and his own salary. Some clients pay her on contingency fees. If the lawyer works with a client on a contingency fee basis, the lawyer receives half of any settlement for his clients. during the year the lawyer works 1,200 hours that are billable to clients. the remaining hours are worked on a contingency basis. the lawyer wins $3000,000 in settlements for his clients of which he receives half. Actual overhead was $210,000,What does the lawyer earn during the year after expenses ?
From the e-Activity, examine how the company you researched can reduce costs to increase the contribution margin and analyze the impact of CVP analysis on strategic decisions. Design a short situation to demonstrate the impact of fixed costs on out..
Actual revenues are equal to estimated revenues, and actual expenditures are $7,000 less than appropriations.
On September 1, 2009, Barrett Corporation signed a one-year, 8% interest-bearing note payable for $50,000. Assume that Barrett Corporation maintains its books on a calendar year basis. What amount should Barrett Corp. record as interest expense fo..
A firm operated at 90% of capacity for the past year, during which fixed costs were $320,000, variable costs were 60% of sales, and sales were $1,000,000. Operating profit was:
Compute the amount of depreciation that will be taken in the first two years of the truck's useful life if the actual miles driven are 16,000 and 18,200, respectively
division p of turbo corporation has the capacity for making 75000 wheel sets per year and regularly sells 60000 each
electronic distribution has a defined benefit pension plan. characteristics of the plan during 2013 are as follows
The Bradshaw Company's most recent dividend was $6.75. The historical dividend payment by the company shows a constant growth rate of 5 percent per year.
on january 2 2014 johnson inc. sold used equipment to rencher company for 3000 down and three annual payments of 9500
The bonds mature on January 1, 2015. Novotna Company uses the effective-interest method to amortize discount or premium. On January 1, 2012, Novotna Company sold the bonds for $370,726 after receiving interest to meet its liquidity needs.
Based on the article, your review of the firm and anything else you want to bring in (e.g., comparisons with other firms); how did the firm do? How did this compare to previous periods and to expectations? If you had the money to invest, would thi..
denny manufacturing had a bad year in 2012. for the first time in its history it operated at a loss. the companys
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