Question $4$ of $7$

$\frac{-}{1}$

Chow Publuations 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 copyl.

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 $115,600$ subscriptions on December $1,2020,$ of which $30\%$ were digital subscriptions.

Single issues can be purchased on newsstands. Chow Publications uses various magazine distributor across Canada to rackit at newsstands, charging the newstands $$5\mathrm{.}40$ per copy. Normally $25\mathrm{.}600$ copies are sent out each month, with $15\%$ of these being returned unsold. Of the $25,600$ 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.

$($a$1)$

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

Revenue through subscriptions

$5$

Revenue other than through subscriptions