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4 years ago

Professional Fees Earned Budget for a Service Company

Business

1 answer:

Iteru [2.4K]4 years ago

3 0

Answer:

ROLLINS AND COHEN, CPA PROFESSIONAL FEE EARNED BUDGET

FOR THE YEAR ENDED DECEMBER 31, 2016

SERVICE HOURS RATE TOTAL

AUDIT:

Staff 22,400 $150 $3360000

Partners 7,900 $320 $2528000

TOTAL REVENUE $5888000

TAX:

Staff 13,200 $150 $1980000

Partners 5,500 $320 $1760000

TOTAL REVENUE $3740000

SMALL BUSINESS ACCOUNTING:

Staff 3,000 $150 $450000

Partners 600 $320 $192000

TOTAL REVENUE $642000

GRAND TOTAL $10,270,000.00

Explanation: Budgeting is a process of forecasting the financial of a company. Its is a projection of the revenue and expenses of a company. This aids planning for the future.

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If the expected long-run growth rate for this stock is free cash flow during the just-ended year (t = 0) was $120 million, and F

Pani-rosa [81]

Answer:

Firm value in millions 1,605‬ (one thousand six houndred five milllions)

Explanation:

To evaluate a firm based on the free cash flow we do a procedure similar to gordon dividend grow model

$\frac{divends_1}{return-growth} = Intrinsic \: Value$

We are going to replace dividend for the free cash flow

and the return for the WACC

notice we are given with the current FCF and for the gordon model we require dividend for the next year. (time=1)

here we need the same

FCF x (1+g) = 120 x (1 + 0.07) = 128.4

WACC .15

grow 0.07

$\frac{128.4}{.15-.07} = $Firm Value$

Firm value in millions 1,605‬ (one thousand six houndred five milllions)

8 0

4 years ago

The accounts in the ledger of Monroe Entertainment Co. are listed below. All accounts have normal balances. Accounts Payable $40

JulsSmile [24]

Answer:

Total assets = $8167

so correct option is c. $8,167

Explanation:

given data

Accounts Payable = $409

Fees Earned = $1,915

Accounts Receivable = 959

Insurance Expense = 436

Prepaid Insurance = 4,108

Land = 1,791

Cash = 1,309

Wages Expense = 731

Drawing = 321

Capital = 7,331

to find out

Total assets

solution

we get here Total assets that is express as

Total assets = Accounts receivable + Prepaid insurance + Cash + Land ...................1

put here value and we get

Total assets = 959 + 4108 + 1309 + 1791

Total assets = $8167

so correct option is c. $8,167

7 0

4 years ago

How does a company build its strategic management game plan to attract and please customers, compete successfully, conduct opera

klio [65]

Explanation:

It is necessary for companies to develop a strategic business plan, which contains the action plans necessary for an organization to achieve its objectives and goals.

The organization's strategic planning will comprise long-term objectives, including the company's guidelines, its mission, vision and values, the analysis of internal and external environments, and action plans, which will help the company to be well positioned, profitable and competitive in the market.

4 0

3 years ago

Hosley Corporation uses an activity-based costing system with three activity cost pools. The company has provided the following

Feliz [49]

Answer:

D) $123,000

Explanation:

Total Costs provided, based on activity based costing,

Wages and salaries = $360,000

Depreciation = $100,000

Utilities = $120,000

Other activity cost pool sharing for the above 3 activities

Wages and salaries = 10% = $360,000 $\times$ 10% = $36,000

Depreciation = 45% = $100,000 $\times$ 45% = $45,000

Utilities = 35% = $120,000 $\times$ 35% = $42,000

Total of other activities = $36,000 + $45,000 + $42,000 = $123,000

Final Answer

D) $123,000

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3 years ago

Filing for bankruptcy can make it hard for a consumer to reestablish and obtain what.

nydimaria [60]

I think the answer is credit

6 0

3 years ago

Read 2 more answers