Question: Niles and Cohen, CPAs earned $12,375,000 during 2014 using 75 employees. During 2015, the firm grew revenues to $15,400,000 and expanded the staff to 88

Niles and Cohen, CPAs earned $12,375,000 during 2014 using 75 employees. During 2015, the firm grew revenues to $15,400,000 and expanded the staff to 88 employees.
a. Determine the revenue per employee for each year.
b. Interpret the results.

Step by Step Solution

3.30 Rating (168 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

a 2014 12375000 75 employees 165000 per employee 2015 15400000 88 employees 175000 per employee ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

1164-B-A-C-A-R(4960).docx

120 KBs Word File

Students Have Also Explored These Related Accounting Questions!