What amounts did wg bill to san antonio dominion

Assignment Help Accounting Basics
Reference no: EM131664035

Qusetion: Alternative allocation bases for a professional services firm. The Walliston Group (WG) provides tax advice to multinational firms. WG charges clients for (a) direct professional time (at an hourly rate) and (b) support services (at 30% of the direct professional costs billed). The three professionals in WG and their rates per professional hour are as follows:

1657_58.png

WG has just prepared the May 2017 bills for two clients. The hours of professional time spent on each client are as follows:

1156_59.png

1. What amounts did WG bill to San Antonio Dominion and Amsterdam Enterprises for May 2017?

2. Suppose support services were billed at $75 per professional labor-hour (instead of 30% of professional labor costs). How would this change affect the amounts WG billed to the two clients for May 2017? Comment on the differences between the amounts billed in requirements 1 and 2.

3. How would you determine whether professional labor costs or professional labor-hours is the more appropriate allocation base for WG's support services?

Reference no: EM131664035

Questions Cloud

Standpoint of microbial genetics : Explain the phenomenon of drug resistance from the standpoint of microbial genetics(include a description of R factors). 100 word minimum and references.
Microbistatic rather than microbicidal : What is a situation in which it would be better for a drug to be microbistatic rather than microbicidal?
Currently writing business plan or operating business : Pretend you are currently writing a business plan or operating a business. Name three actions you can take as dictated by the sustainability lens.
Numerical representation of the number : For every molecule of glucose that enters glycolysis, (A)________ molecules of ATP are consumed and (B)________ molecules of ATP are produced
What amounts did wg bill to san antonio dominion : What amounts did WG bill to San Antonio Dominion and Amsterdam Enterprises for May 2017?
How would a carbon tax directly affect the economy : How Would a Carbon Tax Directly Affect the Economy? What does the rationale provided suggest with respect to the value of time?
Cellular and humoral immune responses : Give examples of diseases that compromise each of these responses. Your examples must include how each disease compromises the response.
Each hospital is of high risk for uncompensated care : Identify what area of each hospital is of a high risk for uncompensated care and explain why.
Knowledge of the structural differences : Understanding such differences begins with knowledge of the structural differences between these two cell wall types.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd