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soldier1979 [14.2K]
4 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]4 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]4 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

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Answer:

The correct answer is letter "B": maximize the current value per share of the existing stock.

Explanation:

Financial management collects several strategies to add value to the company in the long-term. This could be achieved by generating revenue sustainably and increasing the value per share of the firm's stock which boosts the value of the overall entity in the market.

<em>One of the most important goals financial management has is to maximize the stakeholders' wealth.</em>

6 0
3 years ago
The reserve requirement is​ 10%. Suppose that the Fed ​$ worth of U.S. government securities a bond​ dealer, electronically the​
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Answer:

D. The money supply decreases by ​$150,000.

Explanation:

Note: This question is not complete as some figures are omitted. The full question is therefore presented first before answering the question as follows:

The reserve requirement is​ 10%.

Suppose that the Fed sells ​$150,000 worth of U.S. government securities from a bond​ dealer, electronically debiting the​ dealer's deposit account at Reliable Bank.

Which of the following correctly describes the immediate effect of this transaction on the money​ supply?

A. The money supply decreases by ​$1,500,000

B. The money supply decreases by ​$135,000.

C. There is no change in the money supply.

D. The money supply decreases by ​$150,000.

E. None of the above.

The explanation to the answer is now provided as follows:

This is an example of Open market operations (OMO).

Open market operations (OMO) is a monetary policy strategy in which the central bank such as the Federal Reserve sells or purchases government securities in order to implement a particular monetary policy.

When the central bank sells government securities on the open market, it aims to reduce the money supply by the worth of the securities. This is called a contractionary monetary policy.

On the other hand, when the central bank purchases government securities on the open market, it aims to increase the money supply by the worh of the government securities. This is called an expansionary monetary policy.

From the question, the sale of ​$150,000 worth of U.S. government securities from a bond​ dealer is a contractionary monetary policy and it will reduce the money supply by exactly $150,000.

Therefore, the correct option is D. The money supply decreases by ​$150,000.

8 0
3 years ago
Referring to Table 2-1: A student has only a few hours to prepare for two different exams this afternoon. The above table shows
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Answer:

The correct answer is:  15 points on the History exam.

Explanation:

Opportunity Cost is what a person sacrifices when they choose one option over another. It is calculating by subtracting the return of the best forgone option with the return of the chosen option. The outcome could be beneficial or prejudicial, depending on the case.

In the example (<u>refer to the attached table</u>), if the student chooses to score 94 in the economics exam then the student will get 76 in the History test. Thus, The opportunity cost of getting 94 instead of 77 in the Economics test, implies getting 76 instead of 91 in the History exam. It implies:

  • Opportunity cost of the History exam = 91-76
  • Opportunity cost of the History exam = 15

<em>The opportunity cost of scoring 94 on the Economics exam rather than a 77 is 15 points on the History test.</em>

7 0
3 years ago
Answer the following questions about prepaid​ expenses:
pochemuha

Answer:

the numbers are missing, so I looked for a similar question:

a. On ​1, Tree Service prepaid $7,200 for six​ months' rent. Give the adjusting entry to record rent expense at Include the date of the entry and an explanation. Then post all amounts to the two accounts​ involved, and show their balances at adjusts the accounts only at ​31, the end of its fiscal year.

Dr Rent expense 1,200 (= $7,200 / 6)

    Cr Prepaid rent 1,200

Balances:

Prepaid rent 6,000

Rent expense 1,200

b. On ​1, Tree Service paid $1,050 for supplies. At ​31, has $400 of supplies on hand. Make the required journal entry at 31. Then post all amounts to the accounts and show their balances at 31. Assume no beginning balance in supplies.

Dr Supplies expense 650 (= $1,050 - $400)

    Cr Supplies 650

Balances:

Supplies 400

Supplies expense 650

c. On ​1, Tree Service prepaid for six​ months' rent. Give the adjusting entry to record rent expense at Include the date of the entry and an explanation. Then post all amounts to the two accounts​ involved, and show their balances at adjusts the accounts only at ​31, the end of its fiscal year. Prepare the adjusting journal entry to record the rent expense at 31.

SAME AS QUESTION A

6 0
4 years ago
A customer’s specification for weight of an antiseptic cream sold in plastic tubes is 4.00 ounces ± 0.02 ounces. The target p
nasty-shy [4]

Answer:

Cp = 1.667

Cpk = 1.25

The filling process will deliver the customer's specifications since Cp > 1 and Cpk > 1

Explanation:

Given data:

Customer Specification           3.98          4.02

Process Average                      4.005

Process Standard Deviation    0.004

<u>Calculate the Cp and Cpk values</u>

Cp = Δ customer specification / ( 6 * std )

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     = 0.04 / 0.24 = 0.1667 + 1 = 1.667

Cpk ( upper ) = ( 4.02 - process average ) / ( 3* std )

                      = ( 4.02 - 4.005 ) / ( 3 * 0.004 )  = 1.25

Cpk ( lower ) = ( process average - 3.98 ) / ( 3 * std )

                     = ( 4.005 - 3.98 ) / ( 3 * 0.04 ) = 2.083

Cpk = minimum value of Cpk = 1.25

3 0
3 years ago
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