1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lapatulllka [165]
3 years ago
12

On April 1, Griffith Publishing Company received $1,548 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:
marshall27 [118]3 years ago
8 0

Answer:

$387

Explanation:

According to the calendar year, the amount of revenue recognized for the first year would be for 9 months i.e from April 1 to December 31

So, the revenue recognized amount is  

= Received amount × number of months ÷ total number of months given

= $1,548 × 9 months ÷ 36 months

= $387

Since the amount is given for 36 months but we have to consider for 9 months only and the same is to calculated above.  

You might be interested in
A project has cash flows of -$119,000, $52,800, $60,200, and $33,100 for years 0 to 3, respectively. The required rate of return
Olegator [25]

Answer:

-$306.15 and rejected

Explanation:

Year     Cash flows Discount factor  Present value

                                at 12%

0          $-119,000 1                              $-119,000  (A)

1          $52,800 0.8928571429 $47142.86

2          $60,200 0.7971938776 $47,991.07

3          $33,100      0.7117802478         $23559.93

Sum                                                         $118,693.85 (B)

Net present value                                -$306.15 (A - B)

4 0
4 years ago
Which of the following is an advantage of a partnership?
sergejj [24]

Answer:

B

Explanation:

as if u share a business then the time and management is also shared

hope this helps

i would appreciate it if u can heart and like my answer and maybe even give it 5 stars or brainliest

6 0
4 years ago
Lois has a balance of $970 on a credit card with an APR of 24.2%, compounded monthly. About how much will she save in interest o
Aleks04 [339]

Answer:

Lois will save $152.51 when she wil transfer her balance.

Explanation:

Amount to be paid in 1 year for original credit card is given as

P_1^{'}=P*(1+r_1)^t

Here P^{'}_1 is the amount to be paid after P is the balance which is 970, r_1 is the APR for first credit card which is 24.2% and t is compounding frequency which is 12 so

P_1^{'}=P*(1+r_1)^t\\P_1^{'}=970*(1+\dfrac{24.2}{12}\%)^{12}\\P_1^{'}=970*(1.0207)^{12}\\P_1^{'}=970*1.2707\\P_1^{'}=\$1232.61

Similarly for the second one the values are calculated as

P_2^{'}=P*(1+r_2)^t\\P_2^{'}=970*(1+\dfrac{10.8}{12}\%)^{12}\\P_2^{'}=970*(1.108)^{12}\\P_2^{'}=970*1.1135\\P_2^{'}=\$1080.10

The differnce of the two values is calculated as

P_1'-P_2'=1232.61-1080.10\\Difference=\$ 152.51

The difference is $152.51 which she could save.

7 0
3 years ago
Read 2 more answers
HELP ME
Ratling [72]

The option that is true about the Master Layout dialog box is C. Allows you to add a text placeholder.

The Master Layout dialog box simply refers to the tip slide in the hierarchy of slides that is vital in storing information about the side layouts and theme in a presentation.

The Master Layout dialog box is also vital in storing information about background, color, effects, fonts, etc. It also allows the user to add a text placeholder.

Read related link on:

brainly.com/question/25530317

4 0
3 years ago
They want to make a profit of $55,498 Unit Variable costs = $11 Unit selling price is = $37 Fixed costs = $18,470 How many units
belka [17]

Answer:

2,845 units

Explanation:

To find the answer you need to consider that the profit is equal to the sales minus the costs.

Let's consider that x is the number of units sold

Sales= Price per unit*number of units sold

Sales= 37x

Variable cost= Cost per unit*number of units sold

Variable cost= 11x

Fixed cost= 18,470

55,498=37x-11x-18,470

55,498+18,470=26x

73,968=26x

x=73,968/26= 2,845

According to this, the answer is that they need to sell 2,845 units to make the desired profit.

6 0
3 years ago
Other questions:
  • When selling a fixed asset, the seller recognizes a gain or loss for the difference between the amount received and the ______ v
    8·1 answer
  • Which of the managerial roles is the figurehead?
    11·1 answer
  • If a firm experiences productivity gains from employee specialization, its marginal cost_________.
    15·1 answer
  • On May 10, a company issued for cash 1,500 shares of no-par common stock (with a stated value of $2) at $14, and on May 15, it i
    10·1 answer
  • The competitive equilibrium rent in the city of Lowell is currently​ $1,000 per month. The government decides to enact rent cont
    15·1 answer
  • If a firm adopts a production process that is costly in order to reduce pollution, the result is
    8·1 answer
  • Strategic Review Process Element
    7·1 answer
  • A parent holding company sells shares in its subsidiary such that the parent now owns only 65% of the subsidiary and, thus, the
    10·1 answer
  • Please help!
    13·1 answer
  • You invested $10,000 in 2020. It increases 5% for 5 years. Over the next 5 years it decreases in value by 5% each year. How much
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!