The following table shows key operating statistics for the four largest public accounting firms: a. Determine the
Question:
The following table shows key operating statistics for the four largest public accounting firms:
a. Determine the revenue per partner and revenue per professional staff for each firm. Round to the nearest dollar.
b. Interpret the differences between the firms in terms of your answer in (a) and the tableinformation.
Transcribed Image Text:
Revenue Split U.S. Net Revenues No. of Professional Management Advisory Services No. of Accounting (in millions) Partners Staff Auditing Tax (MAS) Deloitte & Touche Ernst & Young PricewaterhouseCoopers KPMG LLP Source: The 2005 Accounting Today Top 100 Firms. $6,876 2,568 5,511 2,000 5,189 2,200 4,115 40% 67 65 72 34% 20,273 16,489 21,210 11,866 30 30 28 1,585
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 64% (14 reviews)
a Revenue Revenue per per Professional Partner Staff Deloitte Touche 2677570 339170 Ernst Young 2755...View the full answer
Answered By
Rayan Gilbert
I have been teaching since I started my graduation 3 years ago. As a student, working as Teacher/PA has been tough but made me learn the needs for student and how to help them resolve their problems efficiently. I feel good to be able to help out students because I'm passionate about teaching. My motto for teaching is to convey the knowledge I have to students in a way that makes them understand it without breaking a sweat.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Accounting
ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
Question Posted:
Students also viewed these Accounting questions
-
The following table shows the hypothetical labor requirements per ton of wool and per hand-knotted rug, for New Zealand and for India. a. Which country has an absolute advantage in each product? b....
-
The following table shows the marginal utility a consumer receives from the weekly consumption of On-Demand movie rentals and Thai takeout meals. One On-Demand movie rental costs $5, and Thai takeout...
-
The following table shows the five scores from an Introductory Statistics course. Find a model for final sure to check the conditions for multiple regressions. 2 5 6 3 5 7 2 5 3 10 1 1 9 1 8 8 9 9 0...
-
The following financial statements for Brownstone plc are a slightly simplified set of published accounts. Brownstone plc is an engineering business that developed a new range of products in 2007....
-
Lucas Company reports net income of $5,125 for the year ended December 31, 2013, its first year of operations. On January 4, 2013, Lucas issued 9,000 shares of common stock. On August 2, 2013, it...
-
The only road connecting two populated islands is currently a freeway. During rush hour, there is congestion because of the heavy traffic. The marginal external cost from congestion rises as the...
-
The management of a business is concerned about its inability to obtain enough fully trained labour to enable it to meet its present budget projection, which is as follows: The amount of labour...
-
Favorite Foods Corp. sold its food to stores and distributors. It established a quantity discount scale that was publicly published and made available to all buyers. The top of the scale gave the...
-
\f
-
This question considers pruning in games with chance nodes. Figure 5.19 shows the complete game tree for a trivial game. Assume that the leaf nodes are to be evaluated in left-to-right order, and...
-
John Wise and Raul Sanchez decide to form a partnership. Wise will contribute $300,000 to the partnership, while Sanchez will contribute only $30,000. However, Sanchez will be responsible for running...
-
The partnership of Willis and Diaz, CPAs, has 200 partners and 1,500 staff professionals. Each partner shares equally in partnership income. Assume that the average income for partners in CPA firms...
-
What sorts of management skills and executive perspectives do you believe would make you an attractive candidate for a micronational?
-
Evaluate the expression. d dx2 x = 1/576 Step 1 1 We want to find the second derivative of the function x3 at x= 576 Taking the derivatives would be easier if the function were written as a power...
-
Briefly identify five main advantages of outsourcing? Briefly identify five main Disadvantages of outsourcing?
-
How do employees and managers know what decision-making authority they have regarding firm assets? can someone provide an example of the decision-making authority for better understanding of what is...
-
If lim f (x)= 2-2 +2 3 and lim g(x) = 8, evaluate: lim f(x)9(x)+2 x-2 2f(x)+1-9(2)
-
Let x3+ y = 65. Find y"(x) at the point (4, 1). y"(4) =
-
What problems might arise in the negotiation of a joint use agreement?
-
Give an example of transitory income. What effect does this income have on the marginal propensity to consume?
-
What lean concept relates to eliminating non-value-added steps and waste in product storage processes?
-
The accounts in the ledger of Leaf Co. as of December 31, 2014, are listed in alphabetical order as follows. All accounts have normal balances. The balance of the cash account has been intentionally...
-
Indicate which of the following errors, each considered individually, would cause the trial balance totals to be unequal: a. A fee of $21,000 earned and due from a client was not debited to Accounts...
-
The following preliminary unadjusted trial balance of Ranger Co., a sports ticket agency, does not balance: When the ledger and other records are reviewed, you discover the following: (1) the debits...
-
Provision for Warranty Costs at Tesla Values: Estimated Warranty Costs: $500,000 Actual Warranty Claims: $100,000 Warranty Period: 1 year Requirements: Apply the conservatism principle to estimate...
-
Cost Allocation at Samsung Values: Item Amount Total Overhead $6,000,000 Machine Hours 120,000 Labor Hours 90,000 Requirements: Allocate the overhead costs using machine hours. Allocate the overhead...
-
A company has decided to start a petty cash fund for $ 1 5 0 . Which of the following is the correct journal entry? no entry is required \ table [ [ Expenses , 1 5 0 , ] , [ Petty Cash,, 1 5 0 ] ] \...
Study smarter with the SolutionInn App