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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 costs 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 client. 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 $300,000 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?
What are Day Op Suite's total expenses and what are Cystoscopy Department's total expenses - what are Endoscopy Department's total expenses?
Purpose a Scatter diagram for these data with sales volume plotted on the total cost and horizontal axis plotted on the vertical axis
Describing the opportunity set, notice there is a portfolio that has the lowest standard deviation. This is the minimum variance portfolio. Evaluate what are the portfolio weights, expected return, and standard deviation of this portfolio?
Describe why the Gleasons felt that their exchange of property was a 1031 transaction. Why the IRS disputed the Gleason's characterization
Evaluate the amount of net loss that Jones can report on its income statement for the year
Assuming that all the investments are classified as available-for-sale, use the spreadsheet Journal Entries to prepare the journal entries necessary to classify the amounts into the proper accounts. Prepare the entry to record the accrued interest ..
Evaluate the direct materials price and quantity variances for July.2. Determine the direct labor rate and efficiency variances for July.
In the following calculations that involve variances, indicate whether a variance is favorable (F) or unfavorable (U) and determine the direct labor rate variance and the direct labor efficiency variance for the year.
Investigate how the concepts of dividend policy, cost of capital, and other aspects of corporate financial management theory learned in this course affect the financial profile of the firm your group has selected.
Danya Company has created a new software application for PCs. what value may the software appear on the balance sheet after 1 year?
Should the City buy the new system or keep the old system and how much additional revenue could the ride have to prepare per year to make it an attractive investment?
Explain how property taxes are treated differently in the governmental funds statements as opposed to the governmental wide statements? Do you agree with this solution? Why or why not?
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