User Account

All Pages

Prepare the service revenue budget

Assignment Help Accounting Basics
Reference no: EM133168842

Question - Thome and Crede, CPAs, are preparing their service revenue (sales) budget for the coming year (2020). 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

2,320

1,790

2,220

2,720

Tax

3,220

2,580

2,350

2,690

Consulting

1,760

1,760

1,760

1,760

Average hourly billing rates are auditing $82, tax $93, and consulting $103.

Required - Prepare the service revenue (sales) budget for 2020 by listing the departments and showing for each quarter and the year in total, billable hours, billable rate, and total revenue.

Reference no: EM133168842

Questions Cloud

Devastating blow on russia economy : Ever since Russia seized Crimea in 2014 Western sanctions have failed to bite or act as a credible deterrent against Russian aggression. The new measures target
Find the list price : ICT bought a photocopier machine and paid a cash price of OMR 14400. The trade discount and cash discount were 20% and 10% respectively. Find the list price
Future of IoT and security implications : Explain your thoughts on the future of IoT and the security implications.
What options did bp have : BEL claims had already been provided for as part of the $7.8 billion liability as of 4th quarter 2011, What options did BP have
Prepare the service revenue budget : Prepare the service revenue (sales) budget for 2020 by listing the departments and showing for each quarter and the year in total, billable hours
Thesis statement revolving around ethnocentrism : Case 1. After the lockdown, Michelle invited Donna out for dinner. While they were eating, Michelle saw an Indonesian family arriving at the restaurant.
What type of audit opinion would you issue : If the new bond issue is not adjusted or disclosed by the client in the financial statements, what type of audit opinion would you issue. Explain your answer
Legal mortgage of mr tan share holdings : Mr Tan is the major shareholder and holds 78% of Logistics Sdn Bhd, a private limited company with wide business interests. Mr Tan decided to expand his busines
What amount would be included on the nunavut payroll tax : If Gioia normally works in British Columbia and earned $60,000.00, What amount would be included on the Nunavut Payroll Tax

Reviews

Write a Review

Accounting Basics Questions & Answers

  Determine the monthly payroll and benefits costs

Mr. Kaye opened a jewelry store that made and sold high-end jewelry. Using Excel, determine the monthly payroll and benefits costs for Kaye Jewelry Store

  On january 1 2014 peg inc bought some equipment by signing

on january 1 2014 peg inc. bought some equipment by signing a non-interest-bearing note for 160000. the note is to be

  What is zero working capital

What is zero working capital? How would you define zero working capital? When would this be used? Would this model be applicable to all organizations? Explain your answer.

  What was the balance in the cash account at the beginning

The Cash account of Valarie Company had a normal balance of $5,000. What was the balance in the Cash account at the beginning of September

  Discuss important role of women in international management

Discuss the important role of women in international management and the unique challenges faced by them. Conduct a literature search on the Herzing.

  What should andrea do next

The customer responded to the positive confirmation saying, "Our system does not provide detail for us to provide a response." What should Andrea do next?

  What pricing rules has patel not followed

Jay Patel is planning to open a pizza restaurant next month in Flora, Alabama. What pricing rules has Patel not followed

  Analyze the changes in roce and its components for hasbro

Exhibit 4.31 presents profitability ratios for Hasbro for Year 2 and Year 3. Calculate each of these financial ratios for Year 4. The income tax rate is 35 percent.

  Determine costs per equivalent unit for mixing department

Resty Company manufactures a product that goes through two departments prior to completion: the Mixing Department and the Packaging Department.

  What was the number of shares of stock

Baldwin Company had 55,000 shares of common stock outstanding throughout 2009. Th company had outstanding fully vested incentive stock options for 10,000 shares

  Completing the irac evaluation

Do a complete IRAC evaluation as to whether Paula is right about the contract. Does she have legal rights against Dave based upon the promises Dave made to her.

  Discuss the company has total fixed costs

The company has total fixed costs of $525,000. Total fixed and variable costs

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