The publisher of TV Weekly received the following 52-week subscriptions during the first quarter of fiscal 2012. Each subscription is $110, which is a 47% discount off the newsstand price of $4 per issue. Each subscription becomes effective in the calendar month after the company receives the subscription. The company has a December 31 fiscal year. What amount of revenue will the company record in 2012 for the subscriptions received in January? (Round your response to the nearest dollar).
A)$247,142
B)$250,690
C)$433,583
D)$1,279,500

Question

The publisher of TV Weekly received the following 52-week subscriptions during the first quarter of fiscal 2012. Each subscription is $110, which is a 47% discount off the newsstand price of $4 per issue. Each subscription becomes effective in the calendar month after the company receives the subscription. The company has a December 31 fiscal year. What amount of revenue will the company record in 2012 for the subscriptions received in January? (Round your response to the nearest dollar). 
A)$247,142 
B)$250,690 
C)$433,583 
D)$1,279,500

Quizplus · Accepted Answer

The Answer of The publisher of TV Weekly received the following 52-week subscriptions during the first quarter of fiscal 2012. Each subscription is $110, which is a 47% discount off the newsstand price of $4 per issue. Each subscription becomes effective in the calendar month after the company receives the subscription. The company has a December 31 fiscal year. What amount of revenue will the company record in 2012 for the subscriptions received in January? (Round your response to the nearest dollar). 
A)$247,142 
B)$250,690 
C)$433,583 
D)$1,279,500

The Publisher of TV Weekly Received the Following 52-Week Subscriptions