The publisher of TV Weekly received the following 52-week subscriptions during the first quarter of fiscal 2018.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 2018 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 2018.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 2018 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

C)4,300 ∗ 11/12 months ∗ 110 subscription price = $433,583.33

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