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Accounting

27th Edition
WARREN + 5 others
ISBN: 9781337272094

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Section
BuyFindarrow_forward

Accounting

27th Edition
WARREN + 5 others
ISBN: 9781337272094
Textbook Problem

Revenue per professional staff

The accounting firm of Deloitte & Touche is the largest international accounting firm in the world as ranked by total revenues. For two recent years, Deloitte & Touche reported the following for its U.S. operations:

 

Current

Year

Previous

Year

 
Revenue (in billions) $16.1 $14.9
Number of professional staff (including partners) 58385 53,592
  1. a. For the current and previous years, determine the revenue per professional staff.
  2. b. Interpret the trend between the two years.

a.

To determine

Partnership

It is that form of organization which is owned and managed by two or more persons who invest and share the profits and losses according to a pre-determined ratio.

To determine:  The revenue per professional staff for each year

Explanation

The calculation of revenue per professional staff for the year current year is as follows:

RevenueperProfessionalStaff}=(Revenueearnedduringtheyear)(No.ofProfessionalStaffincludingpartners)=$16,100,000,00058,585=$274,814perprofessionalstaff

b.

To determine

To interpret: The trend between the two years.

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