My Friends: I, the Mighty Brutus, Have Decided to Prepare

question 30

Short Answer

My friends: I, the mighty Brutus, have decided to prepare for retirement by instructing young warriors in the arts of battle and diplomacy. For each hour spent in battle instruction, I have decided to charge 90 ducats. For each hour in diplomacy instruction I shall charge 50 ducats. Due to my advancing years, I can spend no more than 60 hours per week instructing the youths, although the great Jove knows that they are sorely in need of instruction! Due to my fondness for physical pursuits, I have decided to spend no more than half of the total time in diplomatic instruction. However, the present border crisis with the Gauls is a sore indication of our poor abilities as diplomats. As a result, I have decided to spend 15 hours per week instructing in diplomacy. Finally, to complicate things further, there is the matter of Scarlet Brew: I have estimated that each hour of battle instruction will require at least 10 gallons of Scarlet Brew to quench my students' thirst, and that each hour of diplomacy instruction, being less physically demanding, requires half that amount. Because my harvest of red berries has far exceeded my expectations, I estimate that I'll have to use at least 625 gallons per week in order to avoid storing the fine brew at great expense. Given all these restrictions, how many hours per week should I spend in each type of instruction to maximize my income
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If no optimal solution exists enter no solution in each box.
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Number of hours in battle = __________
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Number of hours in diplomacy = __________

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Definitions:

Days' Sales

An analysis technique used to estimate the average time it takes for a company to collect cash from sales.

Uncollected Ratio

Indicates the proportion of receivables that a company has not yet received payment for, typically represented as a percentage of total receivables.

Petty Cash Fund

A small amount of cash on hand used for paying minor expenses to avoid writing checks for small amounts.

Journal Entry

A record in accounting that represents a transaction where at least two account balances are affected.