You are investigating possible hidden income in a divorce dispute involving an automobile repair shop with five
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You are investigating possible hidden income in a divorce dispute involving an automobile repair shop with five bays. There are five mechanics, charging approximately \(\$ 60\) per hour for 7 hours per day. Assume 315 days worked with each person's wage of \(\$ 30\) per hour for 8 hours. Compute gross profit per year. If the owner reports \(\$ 42,500\) of gross income, what is your opinion?
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Forensic And Investigative Accounting
ISBN: 9780808021438
4th Edition
Authors: Larry Crumbley, Lester E. Heitger, G. Stevenson Smith
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