Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. for many decades, professionals in most service in

For many decades, professionals in most service industries have used some form of hourly based...

50.1K

Verified Solution

Question

Accounting

For many decades, professionals in most service industries have used some form of hourly based price, regardless of the outcome. Many customers are now demanding that the bill be tied to actual performance instead of the amount of hours of work provided.

What implications does this have for a service companys need for managerial accounting?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Accounting
1.2K views

Which of the following would result in a future taxable amountat the time of...

Medical Sciences
1.2K views

Please explain your answer. What general parts of the brain are mostly affected by stroke and why?

Finance
1.2K views

What is the “cornerstone” of the appraisal process

Medical Sciences
1.2K views

Explain how cancer cells use the lymphatic system to metastasize to other organs.

Biology
1.2K views

16 QUIZ 14 Wh 3 2452285 quizzes 5493550 tak

Physics
1.2K views

A particle is projected from the ground with a velocity V 52 203 ms The...

Accounting
1.2K views

C4-2 (Algo) From Recording Transactions (Including Adjusting Journal...

Accounting
1.2K views

Find the following values for a lump sum assuming annual compounding: a. The future value...

Accounting
1.2K views

correct solution please thanks Your audit client is Battery Bikes (BB), a retailer of...

Accounting
1.2K views

Transaction 01. Description of transaction June 1: Byte of Accounting, Inc. issued 2,650 shares of...

Accounting
1.2K views

4. Femando worked for Affinity, which made furniture deliveries for Sears. Fernando signed a contract...

Accounting
1.2K views

M9-21. Computing Consolidating Adjustments and Noncontron's common stock for $400,000 cash when Patterson Company purchases...