Jenny works as a bookkeeper for a financial planning firm in the city. She has been asked
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Question:
The services that the firm provide are as follows:
Financial advice $71 per hour
Preparation of financial plan $2600 per plan
The business' annual expected revenue is $900,000.00.
Jenny has been researching the billing data and has prepared the following:
Billing data for the year ending Dec 2020
Jan-Mar 131055
Apr-Jun 166078
Jul-Sept 141067
Oct-Dec 160065
Required:
Identify the quarterly performance indicators and state two milestones (quarterly and half-yearly) that need to be established to ensure the business achieves its expected goal.
Prepare the fees budget for the year ending Dec 2021 assuming that the conditions will stay the same during the whole year.
Related Book For
Modern Advanced Accounting in Canada
ISBN: 978-1259087554
7th edition
Authors: Hilton Murray, Herauf Darrell
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