The Royalty Rate Performing Artists Receive from Songs Downloaded from Apple

question 307

Short Answer

The royalty rate performing artists receive from songs downloaded from Apple iTunes is 5.7%. If a band received royalties from Apple of $99,736.41 for a year, how many song downloads at $0.99 each did the band have for that year?

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Definitions:

Aggregate Inventory

The total stock of all items held across different locations within a supply chain.

Information Technology

The use of computers, storage, networking, and other physical devices, infrastructure, and processes to create, process, store, secure, and exchange all forms of electronic data.

Exchange

The act of giving one thing and receiving another in return, especially in a commercial context.

Information For Inventory

Data and insights used to manage inventory levels, forecast demand, and ensure optimal stock availability.