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Artist’s Performance Royalties

Performance rights organizations track and pay royalties to song writers, publishers, and musicians for use of their works. Royalties are paid to an artist based on a complicated credit system using a formula with weights assigned for a variety of factors, including the following:

  • Use: weight based on the type of song or performance (theme, underscore, or promotional).
  • Licensee: weight based on the station’s licensing fee, which is determined by the size of the licensee’s markets and number of stations carrying its broadcast signal.
  • Time-of-Day: weight assigned according to whether the performances are broadcast during peak viewing or listening times.
  • Follow-the-Dollar: factor based on the medium from which the money came (radio play, live performance, TV performance, and so on).
  • General Licensing Allocation: based on fees collected from bars, hotels, and other nonbroadcast licensees.

These amounts are multiplied together, and then a radio feature premium is added, if applicable, to arrive at a total number of credits for the particular artist, or his or her credit total for a particular reporting period. Royalties are usually split among the writer, the publisher, and possibly a performer if the writer does not perform his or her own work. The proportion that each party receives is called the share value. All of the money collected for the reporting period divided by the total number of credits for all performers is called the credit value. An artist who wants to figure out what money he or she will receive for a period has to multiply the three factors; credit total, share value, and credit value.

  • 1. 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.
  • 2. Ziam has written a popular song entitled “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.
  • 3. Ziam quickly published another song, “Take Me There,” that is played even more often than “Going There.” If his first song earns 4,000 credits and his second song earns 6,000 credits, what will the royalty payment be from the two songs if the credit value remains at $3.50?
  • 4. Ziam is considering an offer to perform his own songs on a CD to be titled “Waiting There.” In the past he has written, but not performed, his music. If Ziam’s royalty is 0.12 of the suggested retail price of $15.00, but 0.25 of the retail price is deducted for packaging before Ziam’s royalty is calculated, how much will he receive for sale of the CD? Write your answer in the form of an equation and solve it.

 

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November 10, 2021by

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Question 1                                                                        

On October 1, 2010, Madison Ltd. acquired all the shares of Dobson Ltd. for $849,600. On that date, Dobson’s statement of financial position showed share capital of $540,000 and retained earnings of $273,600. In addition, at the acquisition date, all of Dobson’s identifiable assets and liabilities had carrying values that equaled their fair values.

Madison and Dobson’s financial statements for September 30, 2014 are presented below:

Statement of Financial Position

As of September 30, 2014

                                                                                               Madison Ltd.            Dobson Ltd.

Assets:

Current assets:

Cash                                                                                     $   144,000              $   131,400

Short-term investments                                                           27,000                   122,400

Accounts receivable                                                                              18,000                   540,000

Inventory                                                                                    302,400                     64,800

                                                                                                    491,400                   858,600

Non-current assets:

Land                                                                                           126,000                   216,000

Equipment, net                                                                          75,600                     27,000

Investment in Dobson                                                            849,600                   ___-___

                                                                                                 1,051,200                   243,000

                                                                                                 1,542,600                1,101,600

Liabilities and shareholders’ equity:

Current liabilities:

Accounts payable                                                                       9,000                      23,400

Non-current liabilities:

Deferred income taxes                                                            93,600                     54,000

                                                                                                   102,600                     77,400

Shareholders’ equity:  

Share capital                                                                                       900,000                   540,000

Retained earnings                                                                 540,000                   484,200

                                                                                                1,440,000                1,024,200

                                                                                               $1,542,600              $1,101,600

Statement of Income

For the year ended September 30, 2014

                                                                                               Madison Ltd.            Dobson Ltd.

Sales revenue                                                                     $ 2,152,500             $ 1,670,400

Cost of sales                                                                                     1,598,400                1,207,225

Gross profit                                                                               554,100                   463,175

Expenses:

Salaries and benefits                                                            103,500                      57,600

Amortization                                                                                 9,360                         8,640

Other                                                                                             7,200                       __–___

                                                                                                  120,060                      66,240

Other revenues and expenses:

Investment income                                                                      300                          1,225

Loss on disposal of asset                                                                 (1,800)                      __–___

                                                                                                   432,540                    398,160

Income tax expense                                                                           173,016                    213,264  

Net income                                                                          $  259,524               $   184,896  

Statement of Changes in Equity

For the year ended September 30, 2014

                                                                                               Madison Ltd.            Dobson Ltd.

Share capital, October 1, 2013                                        $   900,000              $   540,000

Changes during the year                                                       ___–___                   ___–___

Share capital, September 30, 2014                                     900,000                   540,000

Retained earnings, October 1, 2013                                   424,476                   299,304

Net income                                                                               259,524                   184,896

Dividends declared                                                                (144,000)                  ______

Retained earnings, September 30, 2014                                        540,000                  484,200

                                                                                               $ 1,440,000            $ 1,024,200

Additional information:

·      Both companies use a perpetual inventory system, have a September 30 year-end, and a 30% tax rate. Madison uses the entity theory method for consolidation.

·      On June 30, 2014, Madison sold some equipment to Dobson for $10,800. At that date, the net book value of the equipment to Madison was $12,600. The equipment is expected to have a remaining useful life of 10 years.

·      On April 1, 2014, Madison purchased $90,000 of merchandise from Dobson. Dobson had acquired the goods for $54,000. On July 15, Madison sold half of the goods to a customer for $50,400. The remaining goods were still in Madison’s inventory at its 2014 fiscal year-end.

·      At October 1, 2013, Madison had some goods in inventory that it had purchased from Dobson at May 25, 2013. The profit on these goods was $10,800. These goods were sold by December 31, 2013.

·      In 2011, Madison sold a tract of land to Dobson for an accounting gain of $36,000. Dobson plans to build a warehouse and office complex on the land in 2015.

Required:

Prepare Madison’s consolidated financial statements for the year ended September 30, 2014. (Round numbers to the nearest dollar, and show all your calculations.)

Question 2                                                                              

On January 1, 2015, Portia Ltd. issued shares worth $1,120,000 to Storm Ltd. to acquire 80% of Storm’s outstanding shares. On the acquisition date, Storm’s statement of financial position shows share capital of $420,000 and retained earnings of $777,000. At the acquisition date, all of Storm’s identifiable assets and liabilities equaled their fair values with the exception of the following:

        Inventories (fair value exceeded book value by $14,000)

        Investments (fair value exceeded book value by $14,000)

        Equipment (fair value exceed net book value by $105,000)

At the acquisition date, Storm’s accumulated amortization account for the equipment had a balance of $805,000. As of the acquisition date, Storm’s equipment had a remaining useful life of 10 years.

Additional information:

·      Portia records its investments using the cost method.

·      Portia uses the entity theory method of consolidation.

·      In 2017, Portia sold all its investments for a gain of $63,000.

·      In 2018, Portia purchased equipment from Storm for $127,400. At the sale date, Storm’s net book value of the equipment was $98,000. Storm had originally purchased the equipment for $140,000. After the purchase, Portia amortized the equipment at a rate of $18,200 per year for the remaining 7 years of its useful life, taking a full year of amortization in 2018.

·      During 2019, Storm purchased goods from Portia. At the end of 2019, Storm still had $28,000 of these goods in inventory. Portia had earned a gross margin of 40% on the sale. The goods were sold to external customers in 2020.

·      During 2019, Portia purchased goods from Storm. At the end of 2019, Portia still had $140,000 of these goods in inventory. Storm had earned a gross margin of 40% on the sale. The goods were sold to external customers in 2020.

·      During 2020, Portia sold goods of $140,000 to Storm. Portia earned a gross profit of $56,000 on this sale. At the end of 2020, Storm still had $56,000 worth of goods in inventory.

·      During 2020, Storm sold goods of $980,000 to Portia at a gross margin of 40%. At the end of 2020, Portia still had 10% of the goods in inventory.

·      During 2020, Portia received $126,000 in royalties from Storm. Between January 1, 2015 and December 31, 2019, Portia received $700,000 in royalties from Storm.

The financial statements for Portia and Storm for the year ended December 31, 2020 are presented on the following pages.

Statement of Financial Position

As of December 31, 2020

                                                                                                     Portia Ltd.     Storm Ltd.

Assets:

Current assets:

Cash                                                                                   $       70,000   $      28,000

Accounts receivable                                                                  210,000          224,000

Inventory                                                                                      252,000          140,000

                                                                                                      532,000          392,000

Noncurrent assets:

Land                                                                                             140,000                –

Equipment                                                                              7,000,000        3,780,000

Accumulated amortization, equipment                            (2,478,000)      (1,736,000)

Investment in Storm                                                              1,120,000          ____–___

                                                                                                  5,782,000         2,044,000

Total assets                                                                       $ 6,314,000    $ 2,436,000

Liabilities and shareholders’ equity:

Current liabilities:

Accounts payable                                                              $    630,000    $   280,000

Noncurrent liabilities:

Loan payable                                                                             420,000          700,000

                                                                                                  1,050,000           980,000

Shareholders’ equity:

Share capital                                                                          1,680,000           420,000

Retained earnings                                                                3,584,000        1,036,000

                                                                                                  5,264,000        1,456,000

                                                                                               $ 6,314,000    $ 2,436,000

Condensed Statement of Comprehensive Income

For the year ended December 31, 2020

                                                                                         Portia Ltd.     Storm Ltd.

Revenue:

           Sales                                          $ 2,804,200  $ 2,100,000

           Royalties                                           210,000             –

           Dividends                                          100,800     ____–___

                                                                    3,115,000     2,100,000

                 Expenses:

                             Cost of sales                                            1,680,000     1,260,000

                             Other                                                  784,000       575,400

                                                                                      2,464,000     1,835,400

                 Net and comprehensive income         $   651,000  $   264,600

Statement of Changes in Equity – Retained Earnings Section

For the year ended December 31, 2020

                                                                                                     Portia Ltd.     Storm Ltd.

Retained earnings, beginning of the year                     $ 3,353,000 $   897,400

Net income                                                                                651,000        264,600

Dividends declared                                                                   (420,000)     (126,000)

Retained earnings, end of year                                       $ 3,584,000 $ 1,036,000

Required:

Prepare Portia’s consolidated financial statements for the year ended December 31, 2020. Be sure to show all your supporting calculations.

 

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November 10, 2021by

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Compose a 2000 words essay on Entamoeba histolytica. Needs to be plagiarism free!

The Entamoeba histolytica is the protozoan responsible for a disease called amoebiasis1. It mainly occurs in the large intestines and causes inflammation as its name suggests. The number of infections worldwide as a result of the parasite can be approximated at 35-50 million people, majority of whom are in developing countries where there is a problem of poor sanitation2.

Entamoeba histolytica is a pathogenic parasite that occurs within the intestines and is the sole causative agent of amoebiasis, lack of proper hygiene can be ascribed as be one of the foremost causes of infection by the pathogen. The Entamoeba histolytica is an anaerobic protozoan that causes an infection in the digestive system of mainly humans and other primates2. It is estimated that the parasite has infected approximately 50 million people in the world over and it has had a major role in the morbidity and mortality especially in the developing countries. In addition, animals close to the home such as dogs and cats may also be infected regularly but are not believed to contribute to the transmission of the pathogen3. However, though there are numerous species of protozoa in the genus Entamoeba, not all of them are disease causing organisms. The Entamoeba histolytica is known to cause what is commonly referred to as amebiasis in humans which can either cause internal infections in the intestines or external ones2, 3. Even though some members of the Entamoeba genus are not associated with disease, they are important since they often may be confused with Entamoeba histolytica in diagnostics. Though it has a rather well distribution of incidence worldwide, there is higher incidence of amebiasis in developing countries. Medically speaking, in order for one to get infected by the protozoa, they ought to have ingested mature cysts that may be present in

 

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November 10, 2021by

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Hello, I am looking for someone to write an essay on The Role Of International Business Practice. It needs to be at least 2500 words.

The company’s goals are to extend its position as the leading brewer internationally. This is perceived would be achieved by increasing its share in the domestic beer market and also extend its presence internationally. It is tapping thirsty markets internationally by using two-pronged strategies for growth. These two-pronged strategies include expanding the Budweiser brand globally and simultaneously strengthening equity partnerships with other large brewers around the globe. Since the company produced two-thirds of all beer in the US, it could easily be assumed that the local market was saturated with Anheuser-Busch products. It was evident that the linear growth model that the company has been following for the last so many years will have to be stretched beyond the boundaries of the United States if the company has to make its presence felt.&nbsp.Anheuser-Busch is focused on its international beer sales to ensure a global footprint. It is for this reason that the company has entered markets in China, Brazil, and Mexico. This global expansion started in the year 2004 from when the company has started entering markets with growth opportunities and profits. At that time China had the largest population in the world of around 1.3 billion but the annual beer consumption was only 18.5 liters per person. There was a huge void in that market to be filled.&nbsp.Like all foreign brewers entering Chinese markets, Anheuser-Busch also used multi-pronged strategies.&nbsp.

 

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