An accounting firm has 780 hours of staff time and 272 hours of reviewing time available each week. The firm charges $1500 for an audit and $200 for a tax return. Each audit requires 60 hours of staff time and 16 hours of review time. Each tax return requires 10 hours of staff time and 4 hours of review time. What numbers of audits and tax returns will yield an optimal revenue? audits tax returns What is..the..optimal revenue? x | Submit Answer

SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter2: Working With The Tax Law
Section: Chapter Questions
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An accounting firm has 780 hours of staff time and 272 hours of reviewing time available each week. The firm charges $1500 for an audit and $200
for a tax return. Each audit requires 60 hours of staff time and 16 hours of review time. Each tax return requires 10 hours of staff time and 4 hours
of review time. What numbers of audits and tax returns will yield an optimal revenue?
audits
tax returns
What is..the..optimal revenue?
x
|
Submit Answer
Transcribed Image Text:An accounting firm has 780 hours of staff time and 272 hours of reviewing time available each week. The firm charges $1500 for an audit and $200 for a tax return. Each audit requires 60 hours of staff time and 16 hours of review time. Each tax return requires 10 hours of staff time and 4 hours of review time. What numbers of audits and tax returns will yield an optimal revenue? audits tax returns What is..the..optimal revenue? x | Submit Answer
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