📄 Extracted Text (239 words)
From: Jeanne Brennan <IMMIII MI
Sent: Friday, April 4, 2014 9:51 PM
To: [email protected]
Subject: Projection numbers
Jeffrey,
We spoke with Erika today and discussed the FSG projections. Currently we
have projected $8.4 m of gross income with a net income before employee cost and government fees of $6.7m. Which
would require 9 employees based on the
1 additional employee for every $1,000,000 of net income. Her thoughts were to be conservative on the income
projections. Currently the largest revenue line item is consulting at $5M. Erika will discuss later waiver possibilities on
employee numbers.
Cecile has the position to be 5 : President , VP Equity, VP derivatives, VP financial accounting, administrative assistant.
Should I adjust the projected revenues down - using line item of consulting income from 5 million to 1 million - to project
a net income that would require 5 employees.?
Jeanne
Jeanne Brennan Wiebracht, CPA
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