Question
Suppose you know Mr. Bonilla, another attorney, whose profit margin is 20 percent. Would you be able to say who is more profitable, Ms. Johnson
Suppose you know Mr. Bonilla, another attorney, whose profit margin is 20 percent. Would you be able to say who is more profitable, Ms. Johnson or Mr. Bonilla? Why or Why not? Please give examples.
| MARILYN JOHNSON ATTORNEY AT LAW | ||||
| INCOME STATEMENT | ||||
| FOR MONTH ENDING JANUARY 31, 2020 | ||||
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| Revenue |
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| $50,000 |
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| Legal Fees Earned |
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| Expenses |
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| Salary |
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| Attorney | 5,000 |
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| Accountant | 5,000 |
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| Paralegal | 2,000 |
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| Administrative Assistant | 1,500 |
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| Rent |
| 3,000 |
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| Utilities |
| 5,000 |
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| Telephone and Internet |
| 2,000 |
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| Malpractice Insurance |
| 3,500 |
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| Health Benefits (4 People) |
| 5,500 |
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| Total Expenses |
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| 32,500 |
| Net Income |
|
|
| 17,500 |
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Fundamentals Of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
16th Edition
0357517571, 978-0357517574
