Martin King Arthur popularly known as Kofi Kinaata, is a Ghanaian rapper based in Takoradi in the Western region. He is noted for his fante rap and freestyle which has made him to be known as the Fante Rap God (FRG). In 2019, Kinaata released his “Things Fall Apart” single recorded in Abrantie music studio at Abeka-Lapaz and has since topped charts across music platforms. The cost of recording “Things Fall Apart” was ¢40,000 but copies are GH¢6 apiece. The CD currently sells for GH¢20 at Despite music stores and other music retail outlets. i. Calculate the number of CDs to be sold by Kofi Kinaata to break even on the 2019 single ii. What will be the revenue generated at the break-even point
Martin King Arthur popularly known as Kofi Kinaata, is a Ghanaian rapper based in Takoradi in the Western region. He is noted for his fante rap and freestyle which has made him to be known as the Fante Rap God (FRG). In 2019, Kinaata released his “Things Fall Apart” single recorded in Abrantie music studio at Abeka-Lapaz and has since topped charts across music platforms. The cost of recording “Things Fall Apart” was ¢40,000 but copies are GH¢6 apiece. The CD currently sells for GH¢20 at Despite music stores and other music retail outlets. i. Calculate the number of CDs to be sold by Kofi Kinaata to break even on the 2019 single ii. What will be the revenue generated at the break-even point
Accounting Information Systems
11th Edition
ISBN:9781337552127
Author:Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan Hill
Publisher:Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan Hill
Chapter1: Introduction To Accounting Information System
Section: Chapter Questions
Problem 7P
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a. Martin King Arthur popularly known as Kofi Kinaata, is a Ghanaian rapper based in Takoradi
in the Western region. He is noted for his fante rap and freestyle which has made him to be
known as the Fante Rap God (FRG). In 2019, Kinaata released his “Things Fall Apart” single
recorded in Abrantie music studio at Abeka-Lapaz and has since topped charts across music
platforms. The cost of recording “Things Fall Apart” was ¢40,000 but copies are GH¢6 apiece.
The CD currently sells for GH¢20 at Despite music stores and other music retail outlets.
i. Calculate the number of CDs to be sold by Kofi Kinaata to break even on the 2019 single
ii. What will be the revenue generated at the break-even point
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