Maurice Tutor

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About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 307 Weeks Ago, 4 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 04 Aug 2017 My Price 9.00

Will Truman & Associates

Net Marginal Revenue.

 

 

 

Will Truman & Associates, LLC is a successful Columbus-based law firm. Worker productivity at the firm is measured in billable hours, which vary between partners and associates.

 

 

 

Partner time is billed to clients at a rate of $250 per hour, whereas associate time is billed at a rate of $125 per hour. On average, each partner generates 25 billable hours per 40-hour workweek, with 15 hours spent on promotion, administrative, and supervisory responsibilities. Associates generate an average of 35 billable hours per 40-hour workweek and spend 5 hours per week in administrative and training meetings. Variable overhead costs average 50% of revenues generated by partners and, given supervisory requirements, 60% of revenues generated by associates.

 

 

 

A. Calculate the annual (50 work weeks) net marginal revenue product of partners and associates.

 

 

B. If partners earn $175,000 and associates earn $70,000 per year, does the company have an optimal combination of partners and associates? If not, why not? Make your answer explicit and support any recommendations for change

Answers

Maurice Tutor
(5)
Status NEW Posted 04 Aug 2017 10:08 PM My Price 9.00

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