she used a weird way to find Net multiplier, you don't need to find profit. just put NOR over total direct labor cost and it equals 2.81 without having to find the profit and wasting test time.
I’m confused by her including the salary of the potential secretary of a previous question as a given in this question. Is that something that we should normally do? ( 41:16 )
$72 /hr x 2.81 = 202.395... rounded to the nearest 5 dollars would mean $200/hr (even in Excel it checks out)... now, specifically rounded UP to the nearest $5 then yes: $205/hr. It is unclear to me as I would have rounded to the nearest and it would have been wrong. I guess my question is: are billing rates automatically always rounded up?
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she used a weird way to find Net multiplier, you don't need to find profit. just put NOR over total direct labor cost and it equals 2.81 without having to find the profit and wasting test time.
thank you all for this, very helpful formulas
I’m confused by her including the salary of the potential secretary of a previous question as a given in this question. Is that something that we should normally do? ( 41:16 )
Thank you so much this is so helpful please can anyone answer what is the difference between direct expenses and direct labor?
$72 /hr x 2.81 = 202.395... rounded to the nearest 5 dollars would mean $200/hr (even in Excel it checks out)... now, specifically rounded UP to the nearest $5 then yes: $205/hr. It is unclear to me as I would have rounded to the nearest and it would have been wrong. I guess my question is: are billing rates automatically always rounded up?
how are consultant costs lower than expected when we've burned through half of the annual budget in the first 3 months?????
Right?!
The explanation by Haley could not be more confusing.