What combination will maximize profit

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Problem

I. An accountant prepares two types of reports: audit reports and compliance reports. An audit report requires 4 hours and pays P2000, while a compliance report requires 2 hours and pays P1200. The accountant can work for up to 50 hours and prepare at most 15 reports. How many reports of each type should be prepared to maximize profit?

II. An accountant handles tax filings: individual filings take 1 hour and pay P500, while corporate filings take 4 hours and pay P2500. With a maximum of 40 hours available and a limit of 20 clients, how many individual and corporate filings should be handled te maximize profit?

III. A financial planner works on budget planning and financial analysis. A budget plan takes 2 hours and pays P800, while financial analysis takes 3 hours and pays P1200. With 36 hours available in a week and at most 14 jobs, what combination will maximize profit?

IV. An accountant offers tax and audit seminars. A tax seminar requires 2 hours of preparation and earns P3000, while an audit seminar requires 3hours of preparation and earns P4000. If the accountant can spend only 30 hours on preparation and hold at most 12 seminars, how many of each type should be offered to maximize income? Get the instant assignment help.

V. A CPA prepares either cash flow statements or balance sheets. Preparing a cash flow statement takes 1 hour and pays P400, while a balance sheet takes 3 hours and pays P1000. With a maximum of 24hours and a limit of 10 reports, how many should be prepared to maximize profit?

Reference no: EM133971579

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