Question
The publisher of TV Weekly received the following 52-week subscriptions during the first quarter of fiscal 2018. Each subscription is $110, which is a 47%
The publisher of TV Weekly received the following 52-week subscriptions during the first quarter of fiscal 2018. Each subscription is $110, which is a 47% discount off the newsstand price of $4 per issue. Each subscription becomes effective in the calendar month after the company receives the subscription. The company has a December 31 fiscal year. What amount of revenue will the company record in 2018 for the subscriptions received in January? (Round your response to the nearest dollar).
| Month | Subscription Received |
| January | 4,300 |
| February | 4,200 |
| March | 4,100 |
A) $247,142
B) $250,690
C) $433,583
D) $1,279,500
SHOW YOUR WORK
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Auditing a risk based approach to conducting a quality audit
Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg
9th edition
9781133939160, 1133939155, 1133939163, 978-1133939153
