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Brink Financial Advisors provides accounting and finance assistance to customers in the retail business. Brink has four professionals on staff, plus an office with six
Brink Financial Advisors provides accounting and finance assistance to customers in the retail business. Brink has four professionals on staff, plus an office with six clerical staff. Total compensation, indluding benefits, for the professional staff runs up to S820,000 per year, and normal billable hours are about 3,300 billable hours per year. The professional staff keep detailed time sheets organized by client number. The total office and administrative costs for the year are $250,000 Brink allocates o ce and administrative costs clients monthly, using a predeter ned erhead allocation rate based on bill ble hours. During July, Brink's professionals spent 47 hours on their client, Waseca ales. Brink adds a 20% markup on its costs to calculate the amount billed to the customer. How much gross profit did Brink earn from Waseca Sales in July? (Round any intermediate calculations to two decimal places, and your final answer to the nearest whole number.) O A. $15,239 B. $3,048 O C. $2,336 O D. $3,561
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