Question 886503: Ziam has written a popular song titled “Going There,” which has been recorded by a well-known performer. He recently received a royalty check for $7,000. If Ziam gets a 0.5 share of the royalties and the credit value is $3.50, what was the credit total that his song earned? Write out the problem in the form of an equation and solve it.
(Use the equation below and show your work in this cell to solve for the credit total.)
Manual Equation: R = (CT)(SV)(CV)
Answer by stanbon(75887)   (Show Source):
You can put this solution on YOUR website! Ziam has written a popular song titled “Going There,” which has been recorded by a well-known performer. He recently received a royalty check for $7,000. If Ziam gets a 0.5 share of the royalties and the credit value is $3.50, what was the credit total that his song earned? Write out the problem in the form of an equation and solve it.
(Use the equation below and show your work in this cell to solve for the credit total.)
Manual Equation: R = (CT)(SV)(CV)
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Assumptions:
R is the royalty value = 7000
CT is the credit total = ?
SV is the "share of royalties value" = 0.05
CV is the credit value = 3.50
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CT = R/[(SV)(CV)}
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CT = 7000/[0.05*3.5] = $40,000
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Cheers,
Stan H.
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