Brynne Graham Owns a Law Practice

question 26

Multiple Choice

Brynne Graham owns a law practice.She wishes to earn an income of $350 000 from the business (ignore tax) .She expects to work 3500 hours on clients in the year,if client work develops as expected.The firm incurs the following costs - rent of $2000 per month and secretarial costs of $4000 per month.
How much must Brynne charge per hour,in order to earn her target profit?

• A) $81.50
• B) $79.43
• C) $121.68
• D) $100.00

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Definitions:

Summer Job

Temporary employment typically taken during the summer months, often by students, to gain work experience or earn money.

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Psychological strategies brought into play by individuals or the psyche to manage stress, anxiety, and internal or external demands that are perceived as threatening.

Displacement

In psychology, a defense mechanism involving the transfer of an emotional response from the original object to a safer or more convenient target.

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The occurrence of not achieving a passing grade or mark on an academic evaluation.