Garza and Neely, CPAs, are preparing their service revenue (sales) budget for the coming year (2012). The
Question:
Average hourly billing rates are: auditing $80, tax $90, and consulting $100.
Instructions
Prepare the service revenue (sales) budget for 2012 by listing the departments and showing for each quarter and the year in total, billable hours, billable rate, and totalrevenue.
Transcribed Image Text:
DepartmenQuat Auditing Tax Consulting Quarter 2 uarter 3 Quarter 4 2,200 3,000 1,500 1,600 2,400 1,500 2,000 2,000 1,500 2,400 2,500 1,500
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (10 reviews)
GARZA AND NEELY CPAs Sales Revenue Budget For the Year Ending December 31 20...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Accounting Tools for business decision making
ISBN: 978-0470095461
4th Edition
Authors: kimmel, weygandt, kieso
Question Posted:
Students also viewed these Managerial Accounting questions
-
Roche and Young, CPAs, are preparing their service revenue (sales) budget for the coming year (2010).The practice is divided into three departments: auditing, tax, and consulting. Billable hours for...
-
Ernst and Anderson, CPAs, are preparing their service revenue (sales) budget for the coming year (2012). The practice is divided into three departments: auditing, tax, and consulting. Billable hours...
-
Thome and Crede, accountants, are preparing their service revenue (sales) budget for the coming year (2020). The practice is divided into three departments: auditing, tax, and consulting. Billable...
-
11) Wayland Manufacturing uses a normal cost system and had the following data available for 2010: Direct materials purchased on account Direct materials requisitioned 82,000 Direct labor cost...
-
The balance sheet of Innovative Products reports total assets of $520,000 and $720,000 at the beginning and end of the year, respectively. The cash return on assets for the year is 20%. Calculate...
-
Two identical spaceships are under construction. The constructed length of each spaceship is 1.50 km. After being launched, spaceship A moves away from earth at a constant velocity (speed is 0.850c)...
-
____________ is the ability to control anothers behavior because of the possession of knowledge, experience, or judgment that the other person does not have but needs. (a) Coercive power (b) Expert...
-
Suppose you and a friend are stranded on an island and must gather firewood and catch fish to survive. Through experience, you know that if each of you spends an entire day on either activity, the...
-
Hypothetical balance sheets of Nike, Inc. are presented here. NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 Assets Current Assets $9,800 $8,760 Property, plant, and equipment...
-
For the circuit of Fig.4.141 (a) Does VC increase or decrease if RB is increased? (b) Does IC increase or decrease if β is reduced? (c) What happens to the saturation current if...
-
Edington Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and XQ-104. The calculators sell for $12 and $25, respectively. Because of the intense competition Edington...
-
Dallas Industries has adopted the following production budget for the first 4 months of 2013. Each unit requires 3 pounds of raw materials costing $2 per pound. On December 31, 2012, the ending raw...
-
In an operational audit of the tax department, you found that certain officers were abusing some of their executive perquisites and that this abuse may have a tax effect for the company. The tax...
-
After reading the Pope's statement rescinding the Doctrine of Discovery, do you feel that Johnson v. McIntosh should be be rescinded as well? Or do you think that it is not feasible to fully return...
-
Organizational chart (project team) for renovating Santa Rita group home , Responsibility matrix Work Breakdown Structure, Communications plan, Project charter and Detailed explanations explaining...
-
Identify 3 contributions that HRM makes to organizational effectiveness. Helping the organization reach its goals is an example. Provide examples for each of the 3 contributions.
-
Describe the following; o Marketing communications business employment opportunities and obligations o Changes and future trends in the marketing communications industry eg new and alternative...
-
How can leaders use principles of organizational justice to resolve conflicts in the workplace and restore a sense of fairness among employees ? Explain
-
If the minority price for a single share of stock of a company is \($20,\) there are 500,000 shares of stock, and a person offers to buy the entire company for \($14.5\) million, what is the...
-
Provide an example of an aggressive accounting practice. Why is this practice aggressive?
-
Whenever you begin to draft a contract or start a negotiation, you should take the perspective of which of the following? a. The integrated whole b. The worst case scenario c. The best case scenario...
-
Sandran Inc. has been in operation for 3 years and uses the FIFO method of pricing inventory. During the fourth year, Sandran changes to the average-cost method for all its inventory. How will...
-
What amount did Tootsie Roll Industries report as Other comprehensive earnings in 2009? By what percentage did Tootsie Rolls Comprehensive earnings differ from its Net earnings?
-
(a) Kristina Desmet believes that the analysis of financial statements is directed at two characteristics of a company: liquidity and profitability. Is Kristina correct? Explain. (b) Are short-term...
-
Manufacturing Company Balance Sheet Partial balance sheet data for Upper Crust Company at August 31 are as follows: Finished goods inventory $16,500 Prepaid insurance 16,800 Accounts receivable...
-
Lou Barlow, a divisional manager for Sage Company, has an opportunity to manufacture and sell one of two new products for a five- year period. His annual pay raises are determined by his division's...
-
Current Attempt in Progress Cullumber Bicycle Company manufactures its own seats for its bicycles. The company is currently operating at 100% capacity. Variable manufacturing overhead is charged to...
Study smarter with the SolutionInn App