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Required information [The following information applies to the questions displayed below.] Evans Ltd. publishes a monthly newsletter for retail marketing managers and requires its subscribers
Required information [The following information applies to the questions displayed below.] Evans Ltd. publishes a monthly newsletter for retail marketing managers and requires its subscribers to pay $60 in advance for a one-year subscription. During the month of August 2019, Evans Ltd. sold 500 one-year subscriptions and received payments in advance from all new subscribers. Only 350 of the new subscribers paid their fees in time to receive the August newsletter; the other subscriptions began with the September newsletter. Table 6-4, Table 6-5 (Use appropriate factor from the table provided.) b. Calculate the amount of subscription revenue earned by Evans Ltd. during the year ended December 31, 2019, for these 500 subscriptions sold in August 2019. Revenue earned during August Revenue earned from September-December Total subscription revenue earned during 2019 from August 2019 sales 0
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