Eclipse Architects earned $1,800,000 during 2016 using 12 employees. During 2017, the firm reduced revenues to $1,440,000

Question:

Eclipse Architects earned $1,800,000 during 2016 using 12 employees. During 2017, the firm reduced revenues to $1,440,000 and reduced the staff to nine employees.

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:

Related Book For answer-question

Accounting

ISBN: 978-1285743615

26th edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

See More Books

Question Posted: Oct 27, 2016 02:01 AM

See More 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...
Eclipse Architects earned $1,800,000 during 20Y1 using 12 employees. During 20Y2, the firm reduced revenues to $1,440,000 and reduced the staff to nine employees. a. Determine the revenue per...
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...
Watch the sample Persuasive Presentation Video link given in this module on Success is a Continuous Journey by Richard St. John .Answer the following questions in detail and use complete sentences....
The following selected transactions were completed by Petunia Co. during August of the current year: Aug. 1 Purchased merchandise from Fisher Co., $8,500, terms FOB shipping point, 2/10, n/eom....
It is late summer and General Wheels, Inc., an auto manufacturer, is facing a financial crisis. A large issue of bonds payable will mature next March, and the company must issue stock or new bonds to...
A large company has the opportunity to select one of seven projects-A, B, C, D, E, F, G-or choose the null (donothing) alternative. Each project requires a single initial investment as shown in the...
Equipment replacement decisions and performance evaluation. Bob Moody manages the Knoxville plant of George Manufacturing. He has been approached by a representative of Darda Engineering regarding...
The wave function associated with standing waves established in a 5.00 m long light-weight rope is y = 0.00300 sin(x)cos(110t) where x and y are in meters and t is in seconds. (a) How many...
Sweeney Manufacturing has a plant where the equipment is essentially worn out. The equipment must be replaced, and Sweeney is considering two competing investment alternatives. The first alternative...
Prior to liquidating their partnership, Bonilla and Perez had capital accounts of $185,000 and $245,000, respectively. The partnership assets were sold for $30,000. The partnership had no...
LaTasha Nabors and Chelsey Rollins decide to form a partnership by combining the assets of their separate businesses. Nabors contributes the following assets to the partnership: cash, $24,000;...
a. What is a risk management information system (RMIS)? b. What is a risk management intranet?
Why is it more advantageous to donate appreciated long-term capital gain stock than to sell the stock and donate the proceeds?
Jean and Pat, taxpayers married to each other, constantly buy houses, live in them while fixing them up, and then sell them. They bought one house in March for $200,000, lived in it for 3 months...
Joe Bums dies Without a Will. After all debts are cleared, his estate amounts to $120,000. Bums is survived by his Wife and three daughters. How much money will each of the daughters receive?
Harvey Norman Ltd from FY 2013 to FY 2022 - Audit and Assurance Subject Account: "CASH" 1. Work Performed, 2. Analysis/Key Findings 3. Audit Procedures 4. Assertion Covered 5. Conclusion Please us...
Efficiency ratios like inventory turnover and accounts receivable turnover play a significant role in the Cash Conversion Cycle (CCC) of a company. Let's delve into the concept: If a company manages...
After an hour of persistent persuasion by a doorto- door salesperson, the Arnos signed a contract to buy magazine subscriptions. The next morning, the Arnos did some quick calculating and were...
Will the prediction interval always be wider than the estimation interval for the same value of the independent variable? Briefly explain.
An article in Forbes noted that accounting rules.can often change the way companies do business. Under the accounting rule covering receivables and payables denominated in foreign currencies, for...
The SEC Form 10-K of NIKE is reproduced in Appendix C. REQUIRED: Review the SEC 10-K Form for NIKE, and answer the following questions. a. Compute the change in NIKEs current ratio and working...
In its 2008 annual report, Hewltt-Packard reported beginning inventory of $8.0 billion, ending inventory of $7.9 billion on the balance sheet, and cost of goods sold of $69.3 billion on the income...
In 2006, e-Design was invited unexpectedly to participate in a design competition to provide new logos and new identity for Denmark's National Sports Team, a prestige client.What should the e-Design...
A golfer strikes the ball from the left and the parabola is shown. The height of the parabola is 7 metres and the maximum distance horizontal distance is approximately 40 metres. The distance the...
When a company is bouget out and migrates data to a new company's location, what cultural aspects of the change would the new company expect or experience when working with new database...

Eclipse Architects earned $1,800,000 during 2016 using 12 employees. During 2017, the firm reduced revenues to $1,440,000

Question:

Step by Step Answer:

a b Eclipse Architects reduced revenues by 360000 1800000 1440000 or 20 360000 1800000 The nu...View the full answer

Accounting

Students also viewed these Accounting questions