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denpristay [2]
2 years ago
8

On April 1, Griffith Publishing Company received $1,908 from Santa Fe, Inc. for 36-month subscriptions to several different maga

zines. The subscriptions started immediately. What is the amount of revenue that should be recorded by Griffith Publishing Company for the first year of the subscription assuming the company uses a calendar-year reporting period
Business
1 answer:
musickatia [10]2 years ago
7 0

The amount of revenue that should be recorded by Griffith Publishing Company for the first year of the subscription is: $477.

<h3 /><h3>Amount of revenue</h3>

Using this formula

Revenue= Received amount × Number of months ÷ Number of subscription months

Let plug in the formula

(April 1- December 31= 9 months)

Revenue= $1,908× 9 months ÷ 36 months

Revenue= $477

Therefore  The amount of revenue that should be recorded by Griffith Publishing Company for the first year of the subscription is: $477.

<h3 />

Learn more about Amount of revenue here:brainly.com/question/14736636

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<h3>What is Design Thinking Process?</h3>

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