Question
Rachel Thomas owns a law practice. She wishes to earn an income of $400 000 from the business (ignore tax). She expects to work 800
Rachel Thomas owns a law practice. She wishes to earn an income of $400 000 from the business (ignore tax). She expects to work 800 hours on clients in the year, if client work develops as expected. The firm incurs the following costs - leases of $1000 per month and salaries of $2000 per month.How much must Rachel charge per hour, in order to earn her target profit?
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Advanced Accounting
Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith
11th Edition
978-0132568968, 9780132568968
