Required:

Identify the quarterly performance indicators and state two milestones (quarterly and half-yearly) that need to be established to ensure the business achieves its expected goal. Prepare the fees budget for the year ending Dec 2020 assuming that the conditions will stay the same during the whole year.

Question 1 Jenny works as a bookkeeper for a financial planning firm in the city. She has been asked to prepare a fees budget for the year ending Dec 2020. The services that the firm provide are as follows: Financial advice Preparation of financial plan $65 per hr $2100 per plan The business' annual expected revenue is $900,000.00. Jenny has been researching the billing data and has prepared the following: Billing data for the year ending Dec 2020 Financial advice (No. of hrs) No. of financial plans Jan-Mar 1310 52 Apr-Jun 1460 78 Jul-Sept 1390 57 Oct-Dec 1400 65 Required: Identify the quarterly performance indicators and state two milestones (quarterly and half-yearly) that need to be established to ensure the business achieves its expected goal. Prepare the fees budget for the year ending Dec 2020 assuming that the conditions will stay the same during the whole year