Finance for Media Arts WebXam Review

A freelance media artist is budgeting for a video production project. The total estimated cost for equipment rental is $1,500, talent fees are $2,300, and editing software subscription is $300. If the artist wants to ensure a 20% profit margin, what should the minimum client charge be?

• $4,100

• $4920

• $5,000

• $5,160

An entrepreneur invests $8,000 in camera equipment and earns $12,000 in revenue after producing several short films. What is the return on investment (ROI)?

(ROI = (Revenue - Investment) ÷ Investment

• A. 33%

• B. 50%

• C. 75%

• D. 100%

A graphic designer is offering logo design services and estimates that each project takes 10 hours to complete. If the designer wants to earn at least $40 per hour and must allocate 20% of earnings for business expenses, what should be the minimum price charged per project?

• a. $320

• b. $400

• c. $500

• d. $600

A video production company takes out a $10,000 loan at an annual interest rate of 6% for new lighting equipment. If the company plans to pay it back in 3 years with simple interest, how much total interest will be paid?

• a. $600

• b. $1,800

• c. $3,000
  

• d. $6,000

A media company is deciding between two software options:

• Option A: $50/month subscription

• Option B: A one-time purchase of $900

If the company plans to use the software for 2 years, which is the better financial decision?

• A. Option A saves $300

• B. Option A saves $100

• Option B saves $300

• D. Option B saves $100