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Five customers needing their tax returns prepared must be assigned to five tax accountants. The estimated profits for all possible assignments are shown below. Only one accountant can be assigned to a customer, and all customers' tax returns must be prepared. What should the customer- accountant assignments be so that estimated total profit is maximized? What is the resulting total profit? Customer 1 2 Accountant 3 4 5 A $500 $525 $550 $600 $700 B 625 575 700 550 800 C 825 650 450 750 775 D 590 650 525 690 750 E 450 750 660 390 550

Five customers needing their tax returns prepared must be assigned to five tax accountants. The estimated profits for all possible assignments are shown below. Only one accountant can be assigned to a customer, and all customers' tax returns must be prepared. What should the customer- accountant assignments be so that estimated total profit is maximized? What is the resulting total profit? Customer 1 2 Accountant 3 4 5 A $500 $525 $550 $600 $700 B 625 575 700 550 800 C 825 650 450 750 775 D 590 650 525 690 750 E 450 750 660 390 550

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Five customers needing their tax returns prepared must be assigned to five tax accountants. The estimated profits for all possible assignments are shown below. Only one accountant can be assigned to a customer, and all customers' tax returns must be prepared. What should the customer- accountant assignments be so that estimated total profit is maximized? What is the resulting total profit? Customer 1 2 Accountant 3 4 5 A $500 $525 $550 $600 $700 B 625 575 700 550 800 C 825 650 450 750 775 D 590 650 525 690 750 E 450 750 660 390 550
Transcribed Image Text:Five customers needing their tax returns prepared must be assigned to five tax accountants. The estimated profits for all possible assignments are shown below. Only one accountant can be assigned to a customer, and all customers' tax returns must be prepared. What should the customer- accountant assignments be so that estimated total profit is maximized? What is the resulting total profit? Customer 1 2 Accountant 3 4 5 A $500 $525 $550 $600 $700 B 625 575 700 550 800 C 825 650 450 750 775 D 590 650 525 690 750 E 450 750 660 390 550
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