Please help me to prepare revenue budget.. 2. AA & Associates is a legal firm specializing in conveyancing and family law. Theyrequire a revenue budget by month for the quarter ending March 2019. They havesupplied the following information:Conveyancing:The revenue budget for the same quarter last year was:AA & AssociatesRevenue Budget for Conveyancing for the quarter ended 31 March 2018Fees ($)Total fees ($)3,8504,4005,400$13,650Service/monthНours7055JanuaryFebruary8055March9060Total240It is anticipated that the hours will increase by3;10%JanuaryFebruary15%March20%The hourly rate will increase by $5 for each month.Family law:MonthTotal case load hours for the industryJanuaryFebruaryMarch1,8001,8001,800Anticipated market share (%)7.8.• AA & Associates charge a flat rate of $70 per hour for family law

Following is the requisite Revenue Budget

2. AA & Associates is a legal firm specializing in conveyancing and family law. They require a revenue budget by month for the quarter ending March 2019. They have supplied the following information: Conveyancing: The revenue budget for the same quarter last year was: AA & Associates Revenue Budget for Conveyancing for the quarter ended 31 March 2018 Service/month Total fees ($) 3,850 4,400 5,400 $13,650 Hours Fees ($) 70 55 January February March 80 55 90 60 Total 240 It is anticipated that the hours will increase by; 10% January February March 15% 20% The hourly rate will increase by $5 for each month. Family law: Month Total case load hours for the industry 1,800 1,800 1,800 Anticipated market share (%) January February March 7 8. 8. • AA & Associates charge a flat rate of $70 per hour for family law

2. AA & Associates is a legal firm specializing in conveyancing and family law. They require a revenue budget by month for the quarter ending March 2019. They have supplied the following information: Conveyancing: The revenue budget for the same quarter last year was: AA & Associates Revenue Budget for Conveyancing for the quarter ended 31 March 2018 Service/month Total fees ($) 3,850 4,400 5,400 $13,650 Hours Fees ($) 70 55 January February March 80 55 90 60 Total 240 It is anticipated that the hours will increase by; 10% January February March 15% 20% The hourly rate will increase by $5 for each month. Family law: Month Total case load hours for the industry 1,800 1,800 1,800 Anticipated market share (%) January February March 7 8. 8. • AA & Associates charge a flat rate of $70 per hour for family law

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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