When drafting an income budget, such as estimating the number of billable hours a timekeeper will bill, it is recommended that you use a ____________________ estimate, because you do not want to overestimate income.
A) liberal
B) conservative
C) total guess
D) recent year's
E) none of the above
Correct Answer:
Verified
Q1: You should always use last year's budget
Q3: Law offices must return client funds back
Q4: A draw refers to partners receiving a
Q5: When building a law office budget, the
Q6: Which of the following statements is true?
Q7: Whoever writes and signs the checks should
Q8: If a law office receives client funds,
Q9: The bookkeeper should always receive, deposit, and
Q10: _ is what a firm actually receives
Q11: Lawyers may share fees with other professionals,
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents