Determine the predicted chargeable hours next year

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Question - Sharp & Smart are as firm of accountants. The two partners work 50 weeks per year doing 40 chargeable hours each per week. Their charge out rate to clients is $200 per hour {excluding GET). Next year the charge out rate will be increased to $220 per hour. The firm currently has a 30% market share and this is expected to grow to 40% next year. Determine the predicted chargeable hours next year?

Reference no: EM133105683

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