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Question - Company ABC bills out 3 consultants on a daily rate. The consultant's goal is to have 150 days per year billed. Consultant Z was paid $250,000 per year pre-bonus, consultant Y was paid $225,000 per year pre-bonus, and Consultant X was paid $200,000 per year pre-bonus. Each consultant needs an administration individual that costs the company $60,000 per year, which includes all expenses and benefits. The total costs for these administrators are $180,000. The company spends $40,000 on benefits per consultant. The company spends $500,000 on other overhead. The company's goal is to earn $200,000 in pre-tax profit after having the aforementioned costs paid (there are no other costs aside from what is stated). What should the daily rate be that is charged to a client for a consultant, supposing the rate is the same per consultant? Include your work and steps.
Becky Knauer recently resigned from her position as controller for Shamalay Automotive, What are the possible consequences for Becky Knauer?
What Sub-Dept B's cost per equivalent unit of production for conversion using the weighted average method is?Work in process, July 1
Find Will City Racquetball Club's new membership plan and fee structure improve its ability to plan its cash receipts? Explain your answer.
Its target operating income per unit is $50. To stay competitive, Bouchard management believes it must cut its price by 15%. What will be its new target price?
Prepare a schedule of cash flows for the proposed project. Emery Communications Company is considering the production and marketing
According to Sikka (2008, p.291), "The burgeoning corporate social responsibility literature rarely focuses on the anti-social practices of accounting firms...Accountancy firms are on a collision course with civil society".
What factors might explain the difference in the P/E ratios of these companies? The price/earnings ratios of four companies from the same industry
What was the variable overhead efficiency variance?Direct Labour 2 hrs. @ $8/hr. = $16 per unit. Variable Manufacturing Overhead 2 hrs. @ $5/hr. = $10 per unit
Explain Based on your understanding of cost system failure, do you think that the problems that BNB is facing are due to the cost system's feedback?
For a company using variable costing, where will fixed overhead incurred during the year be reported in the financial statements at the end of the period?
Total fixed cost $100,000. Looking to implement advertising campaign which cost $45,000. By what amount do sales dollars need to increase
A company currently manufactures, Should the company continue to manufacture the part, or should it buy the part from an outside supplier?
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