On May 1, 2009, $6,000 of annual magazine subscriptions were sold by Sophia, Inc.The subscribed magazines are delivered on the first day of each month beginning on May 1, 2009.The total cost of the subscribed magazines is $3,600 or $300 per month.
A. Determine the amount of revenue during 2009.
B. Explain how the matching concept is applied relative to the magazines.

Question

On May 1, 2009, $6,000 of annual magazine subscriptions were sold by Sophia, Inc.The subscribed magazines are delivered on the first day of each month beginning on May 1, 2009.The total cost of the subscribed magazines is $3,600 or $300 per month.
A.	Determine the amount of revenue during 2009.
B.	Explain how the matching concept is applied relative to the magazines.

Quizplus · Accepted Answer

The Answer of On May 1, 2009, $6,000 of annual magazine subscriptions were sold by Sophia, Inc.The subscribed magazines are delivered on the first day of each month beginning on May 1, 2009.The total cost of the subscribed magazines is $3,600 or $300 per month.
A.	Determine the amount of revenue during 2009.
B.	Explain how the matching concept is applied relative to the magazines.

On May 1, 2009, $6,000 of Annual Magazine Subscriptions Were