Scribd Logo
Upload

Welcome to Scribd!

  • Lisogar Philip Walters LPW Is A Regional Accounting Firm

    Uploaded by

    Miroslav Gegoski
    6 views2 pages
    Lisogar Philip Walters LPW is a regional accounting firm with four offices. The firm's annual report showed that in 2013 assurance services made up 35% of revenues, consulting 20%, and tax 40%, while in 2017 the percentages were assurance 40%, consulting 25%, and tax 30%. Consulting services grew the most between 2013 and 2017. The average revenue per partner in 2017 was $750,000, meaning each partner charged an average of $395 per hour. In 2017 the average net income per partner was $275,000.

    Original Description:

    Lisogar Philip Walters Lpw is a Regional Accounting Firm

    Original Title

    Lisogar Philip Walters Lpw is a Regional Accounting Firm

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    Lisogar Philip Walters LPW is a regional accounting firm with four offices. The firm's annual report showed that in 2013 assurance services made up 35% of revenues, consulting 20%, and tax 40%, while in 2017 the percentages were assurance 40%, consulting 25%, and tax 30%. Consulting services grew the most between 2013 and 2017. The average revenue per partner in 2017 was $750,000, meaning each partner charged an average of $395 per hour. In 2017 the average net income per partner was $275,000.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    6 views2 pages

    Lisogar Philip Walters LPW Is A Regional Accounting Firm

    Uploaded by

    Miroslav Gegoski
    Lisogar Philip Walters LPW is a regional accounting firm with four offices. The firm's annual report showed that in 2013 assurance services made up 35% of revenues, consulting 20%, and tax 40%, while in 2017 the percentages were assurance 40%, consulting 25%, and tax 30%. Consulting services grew the most between 2013 and 2017. The average revenue per partner in 2017 was $750,000, meaning each partner charged an average of $395 per hour. In 2017 the average net income per partner was $275,000.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    Lisogar Philip Walters LPW is a regional accounting firm

    #8289
    Lisogar Philip Walters LPW is a regional accounting firm

    Lisogar, Philip, & Walters (LPW) is a regional accounting firm with four offices. Summary data
    from the partnership's annual report follow:

    Required

    1. What percentages of total revenues did LPW earn by performing assurance services (similar
    to auditing), consulting services, and tax services during 2013? What were the percentages in
    2017? Which type of service grew the most from 2013 to 2017?

    2. Compute the average revenue per partner in 2017. Assume each partner works 1,900 hours
    per year. On average, how much does each partner charge a client for one hour of time?

    3. How much net income did each LPW partner earn, on average, in 2017?

    Lisogar Philip Walters LPW is a regional accounting firm

    1/2
    ANSWER
    http://paperinstant.com/downloads/lisogar-philip-walters-lpw-is-a-regional-accounting-firm/

    2/2
    Powered by TCPDF (www.tcpdf.org)

    You might also like