Niles and Cohen, CPAs earned $12,375,000 during 2014 using 75 employees. During 2015, the firm grew revenues
Question:
a. Determine the revenue per employee for each year.
b. Interpret the results.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (14 reviews)
a 2014 12375000 75 employees 165000 per employee 2015 15400000 88 employees 175000 per employee ...View the full answer
Answered By
Deepak Pal
Hi there! Are you looking for a committed, reliable, and enthusiastic tutor? Well, teaching and learning are more of a second nature to me, having been raised by parents who are both teachers. I have done plenty of studying and lots of learning on many exciting and challenging topics. All these experiences have influenced my decision to take on the teaching role in various capacities. As a tutor, I am looking forward to getting to understand your needs and helping you achieve your academic goals. I'm highly flexible and contactable. I am available to work on short notice since I only prefer to work with very small and select groups of students. Areas of interest: Business, accounting, Project management, sociology, technology, computers, English, linguistics, media, philosophy, political science, statistics, data science, Excel, psychology, art, history, health education, gender studies, cultural studies, ethics, religion. I am also decent with math(s) & Programming. If you have a project you think I can take on, please feel welcome to invite me, and I'm going to check it out!
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Accounting
ISBN: 978-1133607601
25th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
Question Posted:
Students also viewed these Accounting questions
-
Eclipse Architects earned $1,800,000 during 2014 using 12 employees. During 2015, the firm reduced revenues to $1,440,000 and reduced the staff to 9 employees. a. Determine the revenue per employee...
-
Niles and Cohen, CPAs earned $12,375,000 during 2016 using 75 employees. During 2017, the firm grew revenues to $15,400,000 and expanded the staff to 88 employees. a. Determine the revenue per...
-
Assume that the taxpayers, George A. Warden (social security number 333-33-3330) and Mary S. Warden (social security number 444-44-4440) file a joint return. Both are 50-years old, have good...
-
Ghana Water Company Limited (GWCL) Profile Ghana Water Company Limited (GWCL) is a utility company, fully owned by the State. The company is responsible for potable water supply to all urban...
-
Briefly describe three examples of strategies of MNC in China and in India.
-
Mike purchases a heavy-duty truck (5-year class recovery property) for his delivery service on April 30, 2013. The truck is not considered a passenger automobile for purposes of the listed property...
-
Following are the annual amounts of rainfall, in inches, in six randomly chosen cities for two consecutive years. Can you conclude that the mean rainfall was greater in year 2 than in year 1? a. Let...
-
Rovet Company uses normal costing. It allocates manufacturing overhead costs using a budgeted rate per machine- hour. The following data are available for 2012: Budgeted manufacturing overhead...
-
Imagine that you are an innovation consultant. You are facing the task of helping enhance the STARBUCK Coffe Company innovation activities through open and collaborative innovation.b.Suggest some...
-
Emotional intelligence is more important than rational intelligence in influencing individual success. Do you agree or not with this statement? Explain.
-
Prior to liquidating their partnership, Morgan and Chow had capital accounts of $32,000 and $60,000, respectively. Prior to liquidation, the partnership had no cash assets other than what was...
-
Beyonce Sheffield and Brittany Field decide to form a partnership by combining the assets of their separate businesses. Sheffield contributes the following assets to the partnership: cash, $18,000;...
-
Construct a spreadsheet that computes the effective annual rates on the commercial paper offerings. Inputs to the spreadsheet should include the dollar amount of paper to be issued, the number of...
-
What is the clamping sequence for the MaxPlus?
-
In order to discuss Zeffirelli's Hamlet as a film, you should answer the following questions: 1.Which scenes do you notice that are out of order? Which lines of dialogue are in the wrong scene? Note:...
-
What is the first responsibility of the Operations Level Responder at a hazmat incident?
-
Given the extensive problems with the CAPM assumptions, why is it considered the best method for computing cost of equity? Do you agree with this? What alternatives exist? What can/should a financial...
-
Assume that you feel it is likely that the stock price for a given firm will move up modestly over the next two months up to about $120, from the current stock price of $104. You are willing to enter...
-
In Problem find the matrix product, if it is defined. : [4 5] [3 7.
-
What is the difference between adsorption and absorption?
-
What are the three classifications of restrictions of retained earnings, and how are such restrictions normally reported in the financial statements?
-
Using the following accounts and balances, prepare the Stockholders Equity section of the balance sheet. Seventy thousand shares of common stock are authorized, and 7,500 shares have been reacquired....
-
The following accounts and their balances were selected from the unadjusted trial balance of REO Inc., a freight forwarder, at October 31, the end of the current fiscal year: Preferred 2% Stock, $100...
-
Outdoor Luggage, Incorporated, makes high-end hard-sided luggage for sports equipment. Data concerning three of the company's most popular models appear below. Ski Guard Selling price per unit $ 270...
-
Jury nullification can be defined as when the jury refuses to convict a defendant who is legally guilty of the crime. This typically occurs when a jury finds that the law is unjust or that the...
-
21. (5 points) Write code snippet to find the smaller number of two integers. int num1 = input.nextInt(); int num2=input.nextInt(): int smaller; // your code here 22. (5 points) Write code snippet to...
Study smarter with the SolutionInn App