An Accounting Firm Has 780 Hours of Staff Time and 272

question 8

Multiple Choice

An accounting firm has 780 hours of staff time and 272 hours of reviewing time available each week.The firm charges $1000 for an audit and $350 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? What is the optimal revenue? ​

• A)0 audits 13 tax returns
• Optimal revenue: $16,800
• B)48 audits 5 tax returns
• Optimal revenue: $21,800
• C)0 audits 65 tax returns
• Optimal revenue: $10,000
• D)5 audits 48 tax returns
• Optimal revenue: $21,800
• E)10 audits 10 tax returns
• Optimal revenue: $11,750

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Definitions:

Records

Data units that are stored and retrieved in a database, representing information like entries in a table.

Required Field

A field in a form or database that must be filled out or selected.

User

An individual who utilizes software, devices, or systems, interacting with them to perform tasks.

Make-Table Query

A query in database software that creates a new table from data selected according to specific criteria.