Answer:
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The answer is d. 91 percent
The answer would be: The company's marketing team departement
The main function of a marketing deparement on every companies is to improve company's awareness to the potential customers in the market.
In order to do this, they often utilize various form of media such as newsletter email, blog, social media, etc.
Answer:
a. The company should recognize one-twelfth (1/12) of each subscribers' cash advance each month for 12 months.
b. The amount of revenue the company should record for eight issues is $40 [$60 × 8/12].
Explanation:
The revenue recognition principle dictates that revenue is recognized in the period in which it is earned. When the company collects cash in advance for each subscription, it should record the $60 to a liability account like Cash Advances, Customer Advances, Unearned Revenue, or Deferred Revenue. Every month for 12 months, the company should recognize one-twelfth (1/12) of each subscribers' cash advance (or $5) as Subscriptions Revenue, Sales Revenue, or Earned Revenue. Therefore, if issues have been delivered for eight months now, the company should have recorded $40 of each $60 subscription.
