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Tema [17]
3 years ago
14

A band sells its music on a website for $0.99 per downloaded song. The revenue function is R(x) = .99x. What is the daily revenu

e when the website sells 239 songs per day?
Business
1 answer:
Varvara68 [4.7K]3 years ago
7 0

Answer: <em>Revenue per day = $236.61</em>

Explanation:

Here, given:

Selling price for each song = $0.99

Revenue function: R(x) = 0.99x

where, "x" represent the no. of songs sold through their website.

Songs downloaded = 239 per day

Therefore , the daily revenue is given as;

<em>Revenue per day: R(x) = 0.99\times(239)</em>

<em>Revenue per day = $236.61</em>

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<u>B.</u> (Annuity PV factor, I = 12%, n = 4) PV = $2,000

<h3><u>What Is an Annuity's Present Value Interest Factor?</u></h3>

When the periodic payment amount is multiplied by the present value interest factor of an annuity, the present value of a series of annuities can be calculated. The initial deposit accrues interest at the interest rate (r), which may be expressed as the following formula and perfectly finances a sequence of (n) successive withdrawals:

PVIFA is equal to (1 - (1 + r)n) / r.

Another factor used to calculate the present value of a typical annuity is PVIFA. A PVIFA table, which quickly displays the value of PVIFA, contains the most typical values for both n and r. This table is a very helpful tool for contrasting various scenarios with varied n and r values.

Learn more about the annuity PV factor with the help of the given link:

brainly.com/question/15432294

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Free_Kalibri [48]

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<h3>What is the FIFO method?</h3>

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Using FIFO under the perpetual inventory system, the cost of goods sold on Jan. 10 is calculated as follows:

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