document.write( "Question 886502: Ziam wants to know how much his royalty will be for a song he has written. How will it be calculated? Write the steps or the formulas that will be used to calculate his royalty payment. \n" ); document.write( "

Algebra.Com's Answer #535997 by JulietG(1812) $\"\"$ $\"About$

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First, determine the rate of pay per play. Let's be realistic and say that it's .003 (3/10 of a cent per play).
\n" ); document.write( "Next, he needs to know how many times it's been played. Radio stations actually report this so artists can be paid.
\n" ); document.write( "rate * frequency = royalty
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\n" ); document.write( "Now, if he had a co-writer or co-writers, he would also need to have an agreement over how the royalties would be split. In that case:
\n" ); document.write( "rate * frequency = royalty / number of writers (assuming they are paid the same)
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\n" ); document.write( "Let's say his rate is .003 and his song is a hit, being played 1,000,000 times last year.
\n" ); document.write( ".003 * 1000000 = 30,000
\n" ); document.write( "It adds up when it's in frequent rotation.
\n" ); document.write( "I'd bet the guy who penned \"Grandma Got Run Over by a Reindeer\" never thought it would make him a lot of money!
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