ACCOUNTING,CHAP.1-13
ACCOUNTING,CHAP.1-13
26th Edition
ISBN: 9781305088412
Author: WARREN
Publisher: CENGAGE L
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Chapter 12, Problem 12.27EX

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.

 The revenue per professional staff for each year

b.

To determine

To interpret: The trend between the two years.

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Revenue and expense data for the current calendar year for Tannenhill Company and for the electronics industry are as follows. Tannenhill’s data are expressed in dollars. The electronics industry averages are expressed in percentages. Please see  the attachment for details: a. Prepare a common-sized income statement comparing the results of operations for Tannenhill Company with the industry average. Round to the nearest whole percentage.b. As far as the data permit, comment on significant relationships revealed by the comparisons.
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: Previous Current Year Year Revenue (in billions) $16.1 $14.9 Number of professional staff (including partners) 58,585 53,592 a. For the current and previous years, determine the revenue per professional staff. b. Interpret the trend between the two years.
Can you help with this question plese?   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:   CurrentYear PreviousYear Revenue (in billions) $19.9   $18.6   Number of professional staff (including partners) 79,347   71,212   a.  For the current and previous years, determine the revenue per professional staff. Round your answers to the nearest dollar.   Revenue per professional staff Current year $fill in the blank 1 Previous year $fill in the blank 2   b.  Interpret the trend between the two years. Did the revenues increase or decrease?   Did the revenue per professional staff increase or decrease?

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ACCOUNTING,CHAP.1-13

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