answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
soldier1979 [14.2K]
2 years ago
5

A certain movie star's salary for each film she makes consists of a fixed amount, along with a percentage of the gross revenue t

he film generates. In her last two roles, the star made $32 million on a film that grossed $100 million, and $24 million on a film that grossed $60 million. If the star wants to make at least $40 million on her next film, what is the minimum amount of gross revenue the film must generate? Answer in terms of $ millions.
Business
2 answers:
umka2103 [35]2 years ago
3 0

Salary relationships usually have behaviors that can be expressed through mathematical equations, for this case we must locate the information they give us, according to which the salary of the movie star S is equal to a fixed basic remuneration b plus a percentage x of the gross income g, that is:

S = b + gx

With this equation and the data they give us, we can solve the request so :

\boldsymbol{1)} \; 32 = b + 100x\\\boldsymbol{2)} \; 24 = b + 60x

We clear the basic remuneration  b from the second equation and replace in the first:

\boldsymbol{2)} \; 24 = b + 60x\\24-60x = b\\\boldsymbol{1)} \; 32 = b + 100x\\32 = (24-60x) + 100x\\32-24=100x-60x\\8=40x\\\frac{8}{40} =x\\\boldsymbol{x=0,2}\\b=24-60x\\b=24-60(0,2)\\b=24-12\\\boldsymbol{b=12}

Thus, with the fixed basic remuneration and the percentage of gross income calculated, we can estimate how much the following film should obtain so that the movie star obtains at least  40 millions salary:

40 = g (0.2) +12\\40-12 = g (0.2)\\\frac{28}{0.2y} = g\\\boldsymbol{g = 140}

Answer

The <em>minimum amount</em> of gross income that the next film should generate is \$ 140 <em>millions</em>

liubo4ka [24]2 years ago
3 0

Answer:

$140 MN

Explanation:

Salary = %age of Gross Revenue + Fixed amount

For A:

32 = x% of 100 + y

For B:

24 = x% of 60 + y

Subtracting A and B

8 = x% of 40

x = 20%

Solve for y:

24 = 20% x 60 + y

y = $ 12 MN

So to make at least $40 million on her next film:

40 = 20% of x + 12

x = 140 MN

You might be interested in
The net sales and the number of employees for aluminum fabricators with similar characteristics are organized into frequency dis
Solnce55 [7]

Answer:

  • a) For net sales: Z = - 0.4

            For number of employees: Z = 2.92

  • b) Lacation of the two Z values: see the pitcture attached

  • c) - Clarion's sales are less than the average sales of other fabricators

            - Clarion's number of employess is greater than the average number of employees of the other fabricators.

Explanation:

For the net sales, the mean is $180 million and the standard deviation is $25 million.

For the number of employees, the mean is 1,500 and the standard deviation is 120.

Clarion Fabricators had sales of $170 million and 1,850 employees.

<u><em>a. Convert Clarion’s sales and number of employees to z values. </em></u>

The Z-value or Z-score of a normal variable is the normalized mean. It tells how many standard deviations a value is away from the mean.

The formula to calculate the Z-value is

          Z-value=\dfrac{x-\mu}{\sigma}

Where:

  • x is the value of the variable
  • μ is the mean
  • σ is the standard deviation

For the net sales:

      Z-value=\dfrac{\$170-\$180}{\$25}=-0.4

For number of employees:

      Z-value=\dfrac{1850-1500}{120}=2.92

<u><em>b. Locate the two z values. </em></u>

The graph of the standardized normal distribution is a bell-shape curve, with the Z=0 value as the axis of symmetry, this is the central value. The negative values are to the left of the axis of symmetry and the positive vaule are to the right of the axis of symmetry.

Thus, Z = - 0.4 is to the left of Z = 0, and Z = 2.96 is to the right.

I have attached a figure with both Z-values located. Look at the attached pitcures.

<u><em>c. Compare Clarion’s sales and number of employees with those of the other fabricators</em></u>

Since the Z-value for the net sales is negative (-0.4), the net sales of Clarion are less than the average sales of the other fabricators. If you look at the cummulative distribution in a table, z = - 0.4 means that 34.46% of the other fabricators have lower net sales.

Since the Z-value for the number of empolyees is positive (2.92), the number of employees of Clarion is greater than the average number of employees of the other fabricators. Looking at a table of cummulative probabilityz = 2.92 means that 99.83% of the fabricators have less employees than Clarion.

7 0
2 years ago
Madison Corporation purchases an investment in Lake Geneva, Inc. at a purchase price of $10 million cash, representing 40% of th
tester [92]

Answer:

$ 10512000

Explanation:

The market value of Madison investment which is the aggregate value of the company's investment =$ 12 million

The book value = assets - liabilities = (1700000 - 419000) ×0.4 = $ 51240

The year-end balance = $ 51240 + $ 10 million = $ 10512000 approx

4 0
2 years ago
On January 1, 2022, Harvee Company had Accounts Receivable of $54,200 and Allowance for Doubtful Accounts of $3,700. Harvee Comp
Alexxandr [17]

Answer:

Jan. 5

Dr Account Receivable                $4,000

  Cr Sales                                      $4,000

(to record sales to Rian)

Feb. 2

Dr Promissory note Receivable   $4,000

  Cr Account Receivable              $4,000

(to record acceptance of Rian company's note)

Feb. 12

Dr Promissory note Receivable    $12,000

  Cr Sales                                       $12,000  

(to record sales to Cato company through acceptance its notes)

Feb. 26

Dr Account Receivable                  $5,200

  Cr Sales                                        $5,200

(to record sales to Malcolm)

Apr. 5

Dr Promissory note Receivable     $5,200

  Cr Account Receivable                $5,200

( to record acceptance of Malcolm notes)

Apr. 12 ( assume Cato's note is collected)

Dr Cash                                              $12,200

Cr Promissory note Receivable       $12,000

Cr Interest Income                           $200

(to record the collection of Cato's note)

June. 2 ( assume Rian's note is collected)

Dr Cash                                              $4,120

Cr Promissory note Receivable       $4,000

Cr Interest Income                           $120

(to record the collection of Rian's note)

Jul. 5

Dr Cash                                              $5,304

Cr Promissory note Receivable       $5,200

Cr Interest Income                           $104

(to record the collection of Malcolm's note)

Explanation:

The calculation of Interest income from the Notes of the three companies as followed:

Rian: 4,000 x 9% x 4/12 = $120

Cato: 12,000 x 10% x 2/12 = $200

Malcolm: 5,200 x 8% x 3/12 = $104.

Further explanation has been put as description under each journal entries listed above.

Cost of goods sold is not included for each sales entries as guided in the question.

5 0
2 years ago
A type of production that yields customized products or services for each customer is called
victus00 [196]

Answer:

b. Job order production.

Explanation:

Job order production is the process of manufacturing non-standard or unique products for specific customers. Sometimes making a job order production is also called making a work order or making it an individual order, because each order or work is an order placed by the customer. In most cases, custom jobs are created only once. Many manufacturers specialize in mass production of custom products. Buyers come to the manufacturer with a special design or product, and the manufacturer develops and creates an individual product.

A customer-oriented production puts customer satisfaction at the center of each of its business decisions. Customer focus is defined as an approach to sales and customer relations, in which employees focus on helping customers meet their long-term needs and desires. Here, management and employees coordinate their individual and team goals in order to satisfy and retain customers. This contrasts, in particular, with a focus on sales, which is a strategic approach when the needs and desires of a company or seller are evaluated in relation to the client.

Just in Time production is an inventory strategy developed to increase production and productivity. All production processes (in-progress cost) and the type of production taking into consideration the time criteria in order to minimize the associated sub-costs are derived from the Japanese Kanban system. During production, it determines the order of work by considering the production of the next process. This strategy, which states that the order level is reached in the storage process and that the order must be met after this point, provides the most efficient storage volume and production continuity. In short, just in time, the demand is to produce as soon as possible with excellent quality and transport it to the right place at any time.

Job lot production is a production futures contract whose trading volume is below the level required by normal operations. These contracts or lots are available to add liquidity to futures exchanges by allowing smaller "participants" to enter the market.

Process production is a system from production in which a product goes through several processes or stages from production, which will be operated on a more continuous basis; for example, in oil refineries and petrochemical plants, where these processes include liquid or semi-solid materials. In the production of the main product, they say, gasoline, from such in the production process, by-products such as tar or creosote can inevitably arise.

5 0
2 years ago
There are simultaneous changes in the demand for and supply of tablet​ devices, with the consequences being an unambiguous decre
lord [1]

Answer: c. Demand decreases and supply decreases.

Explanation:

When demand for tablets decrease, the demand curve shifts to the right. The price and quantity declines. At the same time, when supply also falls, the supply curve shifts to the left leading to an increase in price and a fall in quantity.

Since, decrease in demand and supply have opposite effect on the price there is no change in the price of tablets.

Both the forces work towards reducing quantity to quantity will fall unambiguously.

Thus, the correct option is c, Demand decreases and supply decreases.

3 0
2 years ago
Other questions:
  • ____ analysis involves studying various market parameters in order to predict future price movements of stock.
    8·2 answers
  • (BRAINLIST!!!!!)
    10·2 answers
  • Riley is considering the purchase of 350 shares of the preferred stock of Marston Manufacturing Company. The stock carries a par
    5·1 answer
  • A pizza company produces frozen pizzas in three departments: assembly, freezing, and packaging. In assembly, crust ingredient ar
    12·1 answer
  • Blink Dream has four strategic business units (SBUs)—accommodation, insurance, music, and publishing. Its publishing unit has al
    10·1 answer
  • Bardell, Inc. prepared its statement of cash flows for the year. The following information is taken from that statement: Net cas
    5·1 answer
  • Uber’s strategy has been to break these regulations, establishing its service first, and then fighting attempts by regulators to
    11·1 answer
  • The president of Ravens Inc. attended a seminar about the contribution margin model and returned to her company full of enthusia
    11·1 answer
  • Kathy is a financial analyst in BTR Warehousing’s. As part of her analysis of the annual distribution policy and its impact on t
    14·1 answer
  • A person is deemed to be "in the business of selling or renting real estate" if they have in the past ______ months, participate
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!