Accounting 101
Summarizes the revenue and expenses during a set period of time.
What is a P&L?
I work all night, I work all day to pay the bills I have to pay
What is Money, Money, Money by ABBA
Manager receives a 15% commission of $98,000. The revenue this was calculated on is this amount.
What is $653,333.33?
The original media type or form, from which dubs or copies are made
What is a master?
UPC
What is Universal Product Code
Amounts that the company owes and will have to settle in the future
What are liabilities?
Head to toe Prada
Benz in the driveway, yacht in the water
What is Rich by Maren Morris?
Spotify on average pays $.0035 a stream. A track has generated $125,000 means this is the amount of streams.
What is 35,714,285?
The melody, lyrics, beats and other musical elements that make a song
What is a composition?
PPD
What is Published Price to Dealer?
P&L, Balance Sheet, & Statement of Cash Flows
What are the core financial statements?
We'll take the clothes, cash, cars, and homes, just stop complainin'
What is Lifestyles of the Rich and Famous by Good Charlotte?
Assets = 235,000
Equity = 147,372
Liabilities =
What is 87,628?
Percentage of money earned
What is a point?
ISRC
International Standard Recording Code
Rent paid every month
What is an expense?
My Rolls Royce, Lamborghini
Blue Madina, always beamin
What is Lose Control by Missy Elliot
Rent is $82,548. Making monthly payments this much.
What is $6,879?
Money given to artist before consideration is received in return.
What is an advance
PRO
What is Performing Rights Organization?
Mathematical equation of the Balance Sheet
What is Assets = Liabilities + Equity?
Gave me bad credit, buyin' me gifts with my own ends
What is Bills, Bills, Bills by Destiney's Child
RIAA platinum certification requires 1,000,000 units. Assuming only streams are counted, this many streams would be required.
What is 150,000,000?
Artist earns royalties after the track recoups
What is a perspective royalty?
SRLP
What is suggested retail list price?