Answered step by step
Verified Expert Solution
Question
1 Approved Answer
PLEASE HELP FAST IN ACCOUNTING. I WILL RATE 5 STARS Southern Company is a management consulting firm. Last month, Southern completed a consulting job for
PLEASE HELP FAST IN ACCOUNTING. I WILL RATE 5 STARS
Southern Company is a management consulting firm. Last month, Southern completed a consulting job for Client 76 and assigned total costs of $17,615 to the job. Southern desires a 20% target operating income after covering all costs. What would Southern have to charge the customer to achieve that operating income? Round to two decimal places. Select the formula, then enter the amounts to compute the required service revenue to achieve the desired operating income. Required service revenue Select the formula, then enter the amounts to compute the required service revenue to achieve the desired operating income. Required service revenue Desired operating income Total cost of job Select the formula, then enter the amounts to compute the required service revenue to achieve the desired operating income. Required service = revenue Operating income as a percentage of revenue Total cost as a percentage of revenueStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started