Profit & Loss Statement / Mattox Format

Question 1

Profit & Loss Statement

Answer 1

Lists the INCOME AND EXPENSES of a business for a period of time, typically monthly or yearly.

Question 2

What are the 4 components of the mattox format?

Answer 2

• REVENUE
• DIRECT LABOR
• IINDIRECT EXPENSES
• MISC.REVENUE AND EXPENSES

Question 3

What are the 7 indicators of the mattox format?

Answer 3

• UTILIZATION RATE
• OVERHEAD RATE
• BREAK EVEN RATE
• NET MULTIPLIER
• PROFIT TO EARNINGS RATIO
• NET REVENUE PER EMPLOYEE
• AGED ACCOUNTS RECEIVABLE

Question 4

AGED ACCOUNTS RECEIVABLE

Answer 4

AVG. ANNUAL ACCOUNTS RECEIVABLE ($) / NET OPERATING REVENUE ($) / 365 DAYS = 60-90 DAYS

Question 5

Net Multiplier

Answer 5

NOR ($) / TOTAL DIRECT LABOR ($)

Question 6

Net Operating Revenue (NOR)

Answer 6

Net Operating Revenue (NOR) = Sum of fees billed + outside consultant fees + project related expenses + reimbursable expenses

Question 7

What is revenue?

Answer 7

Income before expenses.

Question 8

OVERHEAD RATE

Answer 8

T.I.E. / T.D.L.

Question 9

NET MULTIPLIER

Answer 9

N.O.R. / T.D.L.

Question 10

Profit to Earnings Ratio

Answer 10

Net Profit / N.O.R.

Question 11

UTILIZATION RATE

Answer 11

Direct Labor / Total Labor

Question 12

PROFIT TO EARNINGS RATIO

Answer 12

NP / NOR

Question 13

BREAK EVEN RATE

Answer 13

OVERHEAD RATE + 1

Question 14

SOLVENCY

Answer 14

Total Current Assets ($) / Total Current Liabilities ($)

Question 15

LEVERAGE

Answer 15

Total Liabilities ($) / Total Equity ($)

Question 16

LIQUIDTY

Answer 16

REVENUE EARNED ($) / TOTAL CURRENT LIABILITIES ($)

Question 17

Direct Personnel Expense

Answer 17

Salary + Additional Compensation + Taxes

Question 18

RETURN ON EQUITY

Answer 18

NOR ($) - Total Expenses ($) / Total Assets ($) - Total Liabilities

Question 19

NET REVENUE PER EMPLOYEE

Answer 19

Annual NOR ($) / Total # of employees ($)