Dan Preston Made $18,000 in the First Movie He Ever

question 9

Multiple Choice

Dan Preston made $18,000 in the first movie he ever starred in.Dan soon made more and more movies and more and more money.At a 46.18% rate of salary increase per movie,how many movies did Dan make in order to earn $5,350,000 in a single movie?

• A)84 movies
• B)34 movies
• C)22 movies
• D)15 movies

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Definitions:

Indirect Method

A method used in cash flow statements to adjust net income for the changes in non-cash accounts to arrive at operating cash flow.

Net Income

The total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue.

Operating Activities

The day-to-day actions that involve the production, sales, and delivery of a company's product or service, as reflected in its income statement.

Statement Of Cash Flows

A financial document that provides a summary of a company's cash inflows and outflows over a specific period.