The average billing rate for staff is $150 per hour, and the average billing rat
ID: 2469343 • Letter: T
Question
The average billing rate for staff is $150 per hour, and the average billing rate for partners is $350 per hour.
Prepare a professional fees earned budget for Salazar & Crenshaw, CPAs, for the year ending July 31, 20Y6.
Salazar and Crenshaw, CPAs
Professional Fees Earned Budget
For the Year Ending July 31, 20Y6
Billable Hours
Hourly Rate
Total Revenue
Audit Department:
Staff
$
$
Partners
Total
$
Tax Department:
Staff
$
$
Partners
Total
$
Small Business Accounting Department:
Staff
$
$
Partners
Total
$
Total professional fees earned
$
HidePrepare a professional fees earned budget for Salazar & Crenshaw, CPAs, for the year ending July 31, 20Y6.
Salazar and Crenshaw, CPAs
Professional Fees Earned Budget
For the Year Ending July 31, 20Y6
Billable Hours
Hourly Rate
Total Revenue
Audit Department:
Staff
$
$
Partners
Total
$
Tax Department:
Staff
$
$
Partners
Total
$
Small Business Accounting Department:
Staff
$
$
Partners
Total
$
Total professional fees earned
$
Explanation / Answer
Billable Hourly Rate Total revenue Audit Department: Staff 40000 150 6,000,000 Partners 6000 350 2,100,000 Total 8,100,000 Tax Department: Staff 30000 150 4,500,000 Partners 4500 350 1,575,000 Total 6,075,000 Small Business Accounting Department: Staff 8000 150 1,200,000 Partners 1800 350 630,000 Total 1,830,000 Total professional fees earned (a+b+c) 16,005,000
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