Royalties
How are royalties calculated?
Percentage of the goods sold or profit received
What are the two common overtime rates?
Time and a half, double time
Which boy band was formed during a reality TV show called X Factor?
One Direction
What is an advantage of working on commission pay?
You only have to make a few big ticket sales to earn a livable wage
You make $0.60 per bracelet sold. You sell 765 bracelets. How much did you make?
$459
Miley Cyrus is paid 12% of royalties on Apple Music. If Apple Music sold $150,000 worth of music last month, how much did Miley Cyrus make?
$18,000
I work for 40 hours at a rate of $16 an hour, 3 hours at time and a half rates and 1 hour at double time rates. What is my wage during the week.
$744
"For every action there is an equal but opposite reaction." Which of Newton's Laws state this?
The Third Law
Mr. Holloway commissions you to create a statue of him hitting a home run for his garden. You have rent coming up, and need to make at least $2,500 off this job. If he agrees to letting you take a 25% commission, how much should you charge for the statue?
$10,000
What is a disadvantage of this form of payment?
No permanent employment, no sick leave or holiday pay.
If I receive 12% in royalties for rights on the use of a digital art piece I created, and 2,480 files sold at $67.50 each, how much do I earn?
$20,088
What is the payment for working 4 hours overtime at time and a half given the following normal pay rates at $43.83 an hour.
$262.98
What is the diameter of a basketball hoop?
18 inches
Linda is a salesperson who makes 18% commission. Last month, she made a total of $2561.79 in commissions. How much did she make in total sales?
$14,232.17
Noah is a tiler and charges $47 per square metre to lay tiles. How much will he earn for laying tiles in a room whose area is 14 square metres?
$658
I write a book and receive the half yearly statement of sales of my last book. 20,000 copies were printed and there are 8,760 left in stock. I receive 15% of the retail price as royalties. How many copies of my book were sold.
11,240 copies
A mechanics industrial award allows for normal rates for the first 7 hours on any day. It provides for overtime payment at the rate of time and a half for the first 2 hours and double time after. Find the mechanics wage for a 12 hour day if the normal pay rate is $42.50 an hour.
$680.00
What was the first feature-length animated movie ever released?
Snow White and the Seven Dwarves
Jade is a real estate agent and is paid an annual salary of $18 000 plus a commission of 2.5% on all sales. She is also paid a car allowances of $50 per week. What was jades total yearly income if she is sold $1 200 000 worth of property?
$50 600.00
A doctor charges each patient $33.50 for a consultation. She works for 6 hours a day and usually sees 5 patients per hour. How much money does the doctor receive each day?
$1005.00
Carmen SanDiego starred in games and shows, all of which generated a revenue of $2,000,000 last year. Carmen earns 15% in royalties but wants the money to last, so she chooses to get the sum paid to her in biweekly paychecks. What would Carmen's biweekly salary be?
Round to the nearest cent.
$11,538.46
Connor works a35 hour week and is paid $18.50 per hour. Any overtime is paid at time and a half. Connor wants to work enough overtime to earn at least $800 each week. What is the minimum number of hours of overtime that Connor will need to work?
5.89 hours
How many hearts does a worm have?
5
Caitlin and her assistant, Holly, sell perfume. Caitlin earns 20% commission on her own sales, as well as 5% commission on Hollys sales. What was Caitlins commission last Month when she made sales of $1800 and Holly made sales of $2000?
$460.00
Margaret works in a factory. She receives a salary of $12 per hour and a piecework pay of $0.20 per unit produced. She worked 40 hours and produced 800 units. How much did she make total?
$480