Answer:
a. It should record revenue on a monthly basis
The Revenue Recognition principle in accounting posits that revenue should only be recognized after the goods and services that the revenue was paid for, have been delivered.
Seacoast Magazine has not delivered the magazine and will do so monthly for 18 months. It should therefore apportion profits to those months and only recognize the profit after the magazines are delivered.
b. Amount of revenue for 8 issues:
= 36/ 18 issues * 8 issues
= 2 * 8
= $16
Hmm, i'm not super sure about this one can I go and research it?
The correct answer is salary. Salary is being defined as a
form of payment by which an employee receives base on the specified job that
the employee has the contract on and that it is also based on the wages, hour
or the job.