Profit And Loss Statement Discussion
DescriptionIn this assignment you will complete some of the work in Excel but still report your answers in a seperate word document.Tasks
Design and Engineering consulting firms create project and business budgets based upon a Labor Multiplier Factor. Taking into account that information:
What would expect your annual salary to be upon graduation? Convert that salary into an hourly rate (base on 2080 work hours annually)
Now, what do you believe is a reasonable hourly rate at which your company will charge for your services, i.e. what rate (dollars) will the company bill out your services at?
What factors did you consider/take into account when you determined your billing rate?
What is a reasonable utilization rate for a staff engineer after graduating from college? Does it change one month, to 6 months, to 1 year after graduation?
If your business is expected to have annual revenue of $9,385,000, Direct Labor Costs of $2,950,000, and achieve a Profit of 16%, answering the following:
What would your total costs (i.e., total expenses) be?
What would your Breakeven Multipler be?
What would your Target Multiplier be?
What is the difference between the Breakeven Multiplier and Labor Multiplier Factor (also known as the Target Multiplier)?
Download the Sample P
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more