subject
Business, 08.04.2021 21:30 debk

home and Crede, CPAs, are preparing their service revenue (sales) budget for the coming year (2020). The practice is divided into three departments: auditing, tax, and consulting. Billable hours for each department, by quarter, are provided below. Department Quarter 1 Quarter 2 Quarter 3 Quarter 4 Auditing 2,320 1,860 2,370 2,550 Tax 3,140 2,740 2,310 2,860 Consulting 1,770 1,770 1,770 1,770 Average hourly billing rates are auditing $83, tax $95, and consulting $103. Prepare the service revenue (sales) budget for 2020 by listing the departments and showing for each quarter and the year in total, billable hours, billable rate, and total revenue.

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 12:30
Read about wanda’s complaint to the fdic. what action did the regulator most likely take in this case? the fdic found out that a company misreported information to a credit scoring company about wanda. wanda contacted the company and asked them to fix the problem. the company refused to talk about it and referred her back to the credit company. the fdic declares the company has violated the .
Answers: 1
question
Business, 22.06.2019 03:30
Lo.2, 3, 9 lori, who is single, purchased 5-years class property for $200,00 and 7-years class property for $420,000 on may 20, 2018. lori experts the taxable income derived form the business (without regard to the amount expensed under ⧠179) to be about $550,000. lori has determined that she should elect immediate ⧠179 expensing in the amount of $520,000, but she doesn’t know which asset she should completely expense under ⧠179. she does not claim any available additional first-year depreciation. a. determine lori’s total cost recovery deduction if the ⧠179 expense is first taken with respect to the 5-year class asset. b. determine lori’s total cost recovery deduction if the ⧠179 expense is first taken with respect to the 7-year class asset. c. what is your advice for lori? d. assume that lori is in the 24% marginal tax bracket and that she uses ⧠179 on the 7-year asset. determine the present value of the tax savings from the depreciation deductions for both assets. see appendix g for present value factors, and assume a 6% discount rate. e. assume the same facts as in part (d), except that lori decides not to use ⧠179 on either asset. determine the present value of the tax savings under this choice. in addition, determine which option lori should choose. f. present your solution to parts (d) and (e) of the problem in a spreadsheet using appropriate microsoft excel formulas. e-mail your spreadsheet to your instructor with a two-paragraph summary of your findings.
Answers: 1
question
Business, 22.06.2019 11:00
Which ranks these careers that employers are most likely to hire from the least to the greatest?
Answers: 2
question
Business, 22.06.2019 11:20
You decided to charge $100 for your new computer game, but people are not buying it. what could you do to encourage people to buy your game?
Answers: 1
You know the right answer?
home and Crede, CPAs, are preparing their service revenue (sales) budget for the coming year (2020)....
Questions
question
Mathematics, 16.09.2020 06:01
question
Mathematics, 16.09.2020 06:01
question
History, 16.09.2020 06:01
question
Mathematics, 16.09.2020 06:01
question
History, 16.09.2020 06:01
question
Mathematics, 16.09.2020 06:01
question
Mathematics, 16.09.2020 06:01
question
Mathematics, 16.09.2020 06:01
question
Mathematics, 16.09.2020 06:01
question
Mathematics, 16.09.2020 06:01
question
Mathematics, 16.09.2020 06:01
question
Mathematics, 16.09.2020 06:01
question
Mathematics, 16.09.2020 06:01
question
Mathematics, 16.09.2020 06:01
question
Mathematics, 16.09.2020 06:01
question
English, 16.09.2020 06:01
question
Mathematics, 16.09.2020 06:01
question
Mathematics, 16.09.2020 06:01
question
Mathematics, 16.09.2020 06:01
Questions on the website: 13722360