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2 years ago

Why might you complete a 1040 form instead of a 1040 EZ tax form?

Business

2 answers:

valentina_108 [34]2 years ago

6 0

You may use Form 1040EZ if you meet all the following conditions

sergij07 [2.7K]2 years ago

6 0

You might fill out a 1040 instead of a 1040EZ if you don't meet the right requirements.
To fill out the 1040 EZ your taxable income must be less than 100,000, you claim no dependents, taxable interest is less than 1,500, etc

If you don't meet certain requirements for the 1040 EZ you have to fill out a 1040

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2 years ago

Read 2 more answers

Material 1 costs $7 a pound, material 2 costs $5 a pound, and labor costs $15 per hour. Product A sells for $101 a unit, product

Umnica [9.8K]

Answer:

Some answers are attached below

Explanation:

We need to maximize profit -

Selling prices for A,B,C are given; Costs of materials 1,2 and labor are given.

Also given is that 1 unit of each product A,B,C requires certain units of material 1, material 2 and labor based on the table provided.

Profit for 1 unit of A = Selling Price - Cost = 101 - [(7*3)+(5*2)+(15*4)] = 10 $

Profit for 1 unit of B = Selling Price - Cost = 67 - [(7*1)+(5*4)+(15*2)] = 10 $

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LP Formulation

Maximize profit Z = 10A+10B+10C

subject to Constraints

3A+B+5C<=300 ----> Material 1 constraint

2A+4B<=400 ---->Material 2 constraint

4A+2B+3.5C <=200 ----->Labor

C>=10 -----> Product C Demand constraint

A,B,C>=0

Below is the solver solution and formulation table from Excel -

Maximum profit = 925 $

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2 years ago