Question $1$ of $5$

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$1$ow Publications Inc. is a publicly traded media company focused on products for the home chef market. The company publishes a monthly magazine that can be purchased at newsstands and is available for annual subscriptions $($either paper copy or digital copy$).$

Chow Publications sells annual subscriptions for $$54\mathrm{.}00($paper copies$)$ or $$43\mathrm{.}20($digital copies$).$ Subscriptions are paid in advance and are non$-$cancellable. Chow sold for cash $115,000$ subscriptions on December $1,2020,$ of which $30\%$ were digital subscriptions.

Single issues can be purchased on newsstands. Chow. Publications uses various magazine distributors across Canada to rack it at newsstands, charging the newstands $$5\mathrm{.}40$ per copy. Normally $26,500$ copies are sent out each month, with $15\%$ of these being returned unsold. Of the $26,500$ magazines sent out in December $2020,$ all were sold on account, and none of the returned magazines are expected to be resold and, as a result, are sent to recycling. Unsold nagazines are returned by newstands in the following month.

Your answer is incorrect.

Determine how much revenue Chow Publications would be able to recognize in December $2020.($Round the per magazine price to $3$ decimal places, e$.$g$.$ $$4\mathrm{.}965$ and final answers to $0$ decimal places, e$.$g$.125.)$

Revenue through subscriptions

Revenue other than through subscriptions

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