User Account

All Pages

Prepare the service revenue budget

Assignment Help Accounting Basics
Reference no: EM131765216

Question - Crede and Rensing, CPAs, are preparing their service revenue (sales) budget for the coming year (2011). The practice is divided into three departments: auditing, tax, and consulting. Billable hours for each department, by quarter, are provided below.

Department

Quarter 1

Quarter 2

Quarter 3

Quarter 4

Auditing

2.200

1,600

2,000

2.400

Tax

3,000

2,400

2,000

2,500

Consulting

1,500

1,500

1,500

1,500

Average hourly billing rates arc: auditing $80, tax $90, and consulting $100.

Instructions - Prepare the service revenue (sales) budget for 2011 by listing the departments and show. ing for each quarter and the year in total, billable hours, billable rate, and total revenue.

Reference no: EM131765216

Questions Cloud

Beer corporation has beer-processing facility : The Best Beer Corporation has a beer-processing facility located in Columbus, Ohio. What is the rated weekly capacity for the facility?
Prepare the adjusting entry to record accrual of interest : On June 1, 2016, Kerry Corp. issued $2,000,000, 9%, 5-year bonds at face value. The bonds were dated June 1, 2016, and pay interest annually on June 1.
Still eligible for partial exclusion but the primary reason : If your circumstances don't match any of the standard requirements described above you still eligible for partial exclusion but the primary reason for sale
Pv of a perpetuity : If your required rate of return was 10% a year, how much would you pay today for $100 a month forever?
Prepare the service revenue budget : Prepare the service revenue (sales) budget for 2011 by listing the departments and show. ing for each quarter
Needs analysis and design and evaluation of training : What is the relationship between needs analysis and the design and evaluation of training?
What is morgan agi after considering rental loss : During the year, Morgan had a rental loss of $13,000. What is Morgan's AGI after considering the rental loss.
Create program that outputs to listbox first hundred emirps : Create a program that outputs to a ListBox the first 100 emirps. Your program must contain the method from Part 1 that returns true if a number is prime.
Explore the ethical issues present in the healthcare system : Identify the key features of the Affordable Care Act in the United States as well as the key features of healthcare proposals or systems in one other country.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd