Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
LEGAL FIRM BUSINESS MANAGER
You have been hired to manage the business dealings of a local legal firm with a staff of six attorneys, ten paralegals, and five support staff. Clients of the firm are billed a fixed amount per hour of attorney time. The fixed hourly charge is determined each year by dividing the total cost of the legal office for the preceding year by the total billed hours of attorney time for that year. A markup of 25% is then added to this average cost per hour of billed attorney time to provide for a profit and for inflation. The firm's partners are concerned because the business has been unprofitable for several years. The firm has been losing its smaller clients to other local firms-largely because its fees have become uncompetitive. In addition, the firm has been attracting larger clients with more complex legal problems from its competitors. To serve these demanding larger clients, the firm must subscribe to expensive online legal reference services, hire additional paralegals and staff, and lease additional office space.
Problem 1: What do you think might be the reason for the unprofitable operations in recent years? What might be done to improve the situation for the coming year?
Which is true of the break-even point, assuming all other things are equal? The break-even point changes in the opposite direction as changes in the total fixed
Determine the amount of overhead cost that would be assigned to each product. Calculate the product margins for each product using activity-based costing.
Explain how the principles of management accounting can be utilized. What specific managerial accounting activities would be useful?
Which company would have higher operating leverage: a software company that makes large investments in research and development, or a manufacturing company that uses expensive materials and relies on highly skilled manual labor rather than automation..
Last month, 3,000 gallons of direct materials were purchased for $22,800. Compute the direct materials price variance for last month
matador inc. sells computer monitor screens. the direct labor dl rate includes wages benefits and payroll tax. direct
Lakeside Inc. uses a straight-line depreciation method. Calculate the payback period and the accounting rate of return for the new production equipment
The bond sells for $162,166.50. The effective interest rate is 8%. Assume IFRS. Prepare an amortization table and provide journal entries for 2021
Discussion forum question "Pepsi", what specific types of SG&A costs would the company incur? How would these costs be considered in product costing?
What is the cost of the 35 units on hand at the end of the period as determined under the perpetual inventory system by the LIFO costing method
Rutch Corporation manufactured 54,000 door knobs during September. What is the flexible-budget amount for fixed overhead
If the selling price per unit is $10, the unit contribution margin is $5, and total fixed expenses are $15,000, what are the breakeven sales in units?
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd