1answer.
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]
3 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]3 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]3 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
Understanding how costs behave is useful to management for all the following reasons except a. predicting customer demand b. pre
DedPeter [7]

Answer:

The correct answer is A

Explanation:

Study of the cost behavior provides the useful information for determining the costs.Customer demand could not be predicted by paying the attention to how the costs varies or change when the activity changes. However, the costs could be estimated or determined and changes could be made to the production which is existing in order to maximise the profit for the business.

3 0
3 years ago
Per OSHA guidelines, the five major components of an effective safety and health program are: management commitment &amp; hazard
Rainbow [258]

Answer:

Worksite Analysis

Explanation:

Based on the information provided within the question it can be said that the final major component of the OSHA guidelines are Worksite Analysis. This component refers to the various actions that provide all the information needed to help an individual recognize and understand all the dangers and potential hazards of the workplace environment.

4 0
3 years ago
· Hope's contribution to her RETIREMENT plan...
Verizon [17]

Based on Hope's check, her contribution to her RETIREMENT plan b. is pre-tax and therefore not included in federal income taxes.

<h3>What does the check say?</h3>

The check notes that Hope's retirement contribution is not included in her federal taxable income.

This means that the contribution is paid pre-tax and will not be liable for federal income taxes. She will most probably pay taxes on the retirement fund when she withdraws from it.

Find out more on retirement contributions at brainly.com/question/6806179.

3 0
2 years ago
A price total of $1,500 is subject to a 5% sales tax. What is the amount due after tax? A. $1,625 B. $75 C. $1,750 D. $1,575
zloy xaker [14]
The answer to your question is D
3 0
3 years ago
Read 2 more answers
Flagstaff Company has budgeted production units of 8,000 for July and 8,200 for August. The direct materials requirement per uni
Nezavi [6.7K]

Answer:B) $28,980.

Explanation:

Beginning inventory is 6,000 ounces

Closing inventory  = 8,200 × 3 ounces × 25%   = 6,150ounces

 Budgeted production  = 8,000 × 3 ounces=24,000

Direct material to be purchased  = Closing inventory + Budgeted production - Beginning inventory= 29,400 ounces

Direct material to be purchased  = 6,150ounces +24,000-  6,000 ounces

= 24,150 ounces

Now,For $1.20 per pounce, it would be

= 24,150 ounces × $1.20

= $28,980.

4 0
3 years ago
Other questions:
  • Four investment bankers need to cross a bridge at night to get to a meeting. They have only one flashlight and 17 minutes to get
    15·1 answer
  • The most commonly used wiring method is _______ wiring.
    13·2 answers
  • Section 1239 recharacterizes gain on the sale of depreciable property to related person as ordinary income.
    6·1 answer
  • True of false: the best measure to use when comparing alternative investments is the amount of the dollar gain or loss.
    10·1 answer
  • How is the relationship between unitss in the money system in the u.s. similar to the metric system
    5·1 answer
  • ABC Company began its operations on March 31, 2019. Projected manufacturing overhead costs for the first three months of busines
    15·1 answer
  • Classify each of the following based on the macroeconomic definitions of saving and investment.
    14·1 answer
  • Упражнение 200 Выпишите из какого либо художественного прозведения предложения с вводными словами и предложениями
    12·1 answer
  • Suppose the manager of an ice cream store is trying to forecast the pounds of ice cream that they will sell based on what they h
    5·1 answer
  • A client wishes to update their legacy system even though there have been no
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!