An author has received an advance against royalties of $10,000 . The royalty rate is $1.00 for every book sold in the United States, and $1.35 for every book sold outside the United States. Define variables for this problem and write an expression that could be used to calculate the number of books to be sold to cover the advance


Let x1 = the number of books sold in the U.S.
Let x2 = the number of books sold outside the U.S.
10000 = 1x1 + 1.35x2

Business

You might also like to view...

When the present value of a bond issue is calculated, the discount rate used should equal the face interest rate of the bonds

Indicate whether the statement is true or false

Business

Interpreting, applying and resolving conflicts that arise under a union contract is called:

A. Contract administration B. Contract negotiations C. Past practice D. Mediation

Business

Manley Co manufactures office furniture. During the most productive month of the year, 4,500 desks were manufactured at a total cost of $86,625. In its slowest month, the company made 1,800 desks at a cost of $49,500. Using the high-low method of cost estimation, total fixed costs are:

A) $61,875 B) $33,875 C) $24,750 D) cannot be determined from the data given

Business

The statement that the average computer network architect makes $98,430, is information.

Answer the following statement true (T) or false (F)

Business