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Stella [2.4K]
3 years ago
15

On April 1, Griffith Publishing Company received $2,628 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:
Murrr4er [49]3 years ago
3 0

Answer:

Year 1 $657

Year 2 $876

Year 3 $876

Year 4 $219

Explanation:

Calculation to determine 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 reporting period

First step is to calculate the amount of revenue per month

Revenue per month=$657. ($2,628/36)=

Revenue per month= $73 per month

Now let calculate amount of revenue that should be recorded by Griffith Publishing Company for the first year of the subscription

Year 1= $73 * 9

Year 1 = $657

Year 2 =$73 * 12

Year 2= $876

Year 3= $73 * 12

Year 3= $876

Year 4= $73 * 3

Year 4 = $219

Therefore amount of revenue that should be recorded by Griffith Publishing Company for the first year of the subscription are:

Year 1 $657

Year 2 $876

Year 3 $876

Year 4 $219

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Explanation:

In this particular case , it's given:

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Multiplier\ = \frac{1}{(1-MPC)}

Multiplier\ = \frac{1}{1-0.7}

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Noe, in order to find the stimulation in the economy we will multiple the new government spending with the multiplier. We will get ;

Stimulation\ = Government\ spending\times Multiplier

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5 0
3 years ago
. On the income statement of a manufacturing company, which of the following replaces purchases in the "Cost of goods sold" sect
tresset_1 [31]

Answer:

C. Cost of goods manufactured

Explanation:

Cost of goods sold refers to all the direct costs associated with the production of goods such as purchases and direct expenses such as freight inwards.

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4 0
3 years ago
Given the following cost and activity observations for Bounty Company's utilities, use the high-low method to calculate Bounty'
Leona [35]

Answer:

The option d is correct.

Explanation:

The high low method shows the difference between the high and low cost of a particular thing. In the given question, the high cost is $3,600 and the low cost is $2,700 whereas the high machine hour is 18000 and low machine hour is 10,000.

Now, the formula for high low method is calculated. It is shown below:

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7 0
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sesenic [268]

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Core competence is a business competition that is <em>essentia</em>l or central to its performance and overall success.

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Those in favor of decreasing the pay gapbetween senior executive and average workers argue
Schach [20]

Answer:

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