Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
BK Consulting is a management consulting firm. Other than the senior leadership (who manage the firm, but do not actively consult), the managers and staff are billed to clients on an hourly basis. The workload varies quite a bit from month to month requiring careful planning.
Managers are billed to clients at a rate of $800 per hour and staff at a rate of $400 per hour. Managers are paid $200 per hour worked (including nonbillable time) and staff are paid $100 per hour. The current plan calls for managers to bill 800 hours in May and 500 hours in June. Staff are expected to bill 4,800 hours in May and 3,000 hours in June. Managers will work a total of 1,600 hours in both months and staff will work a total of 6,400 hours in both months.
Other monthly costs (all fixed) are $500,000 SG&A, $200,000 in depreciation, and $300,000 in marketing.
Required
Prepare a budgeted income statement for BK Consulting for May and June (separately).
Identify at least three (3) ratios that could be manipulated to mislead investors and creditors regarding the company's financial condition. Examine the motivation of management to manipulate the ratios identified.
The below is a list of activities to be included in the preparation of UMUC's 2013 statement of cash flows. Prepare, IN GOOD FORM, the statement of cash flow under the indirect method.
Companies may report cash flows from extraordinary transactions and other events either as investing or financing activities.
a total of 42600 units were sold last year. the contribution margin per unit was 2 and fixed expenses totaled 28400 for
go to the website of a private not-for-profit organization such as united cerebral palsy www.ucp.org the american heart
Roberto Corporation was organized on January 1, 2011. The firm was authorized to issue 100,000 shares of $5 par common stock. During 2011 What is total shareholders' equity at the end of 2011?
The company has total assets of $104,912.112 and shareholders' equity of $43,623,445. Use the extended DuPont identity to find the return on assets and return on equity for the firm.
Should any overhead costs be added to Job Q at the end of the year?
TMI is a calendar year personal service corporation which reports income on a calendar year end basis. TML is also a personal holding company. TML had $125,000 of taxable income during the year. It is now December 31st.
Write a one-page memorandum to him explaining why a difference is bad debts expense and the allowance for doubtful accounts is not unusual. The company estimates bad debts expense as 2% of sales.
kenny harrison corp. a capital goods manufacturing business that started jan 4 2008 and operates on a calendar- year
on january 1 2007 the calvert company issues 12 100000 face value bonds for 103545.91 a price to yield 10. the bonds
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd