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Compute the predicted chargeable hours next year

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Question - Sharp & Smart are as firm of accountants. The two partners work 50 weeks per year doing 40 chargeable hours each per week. Their charge out rate to clients is $200 per hour (excluding GST). Next year the charge out rate will be increased to $220 per hour. The firm currently has a 30% market share and this is expected to grow to 40% next year. Compute the predicted chargeable hours next year?

a. 2,080 hours

b. 2,667 hours

c. 5,333 hours

d. 5,867 hours

Reference no: EM132845227

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