On January 1, Fashion Forward Magazine received $15,000 from subscribers for the annual subscriptions that it recorded in Unearned Subscription Revenue. The issues of the magazine are mailed to subscribers quarterly. What amount of subscription revenue should the magazine recognize on March 31 when the first issue is sent in March?
A. $1,250.
B. $0.
C. $7,500.
D. $3,750.
E. $15,000.
Answer: D
You might also like to view...
The LIFO conformity rule requires that if a company uses LIFO in reporting income to stockholders, it also must use LIFO on its tax return
a. True b. False Indicate whether the statement is true or false
Franklin Company is a medium-sized manufacturer of bicycles. During the year a new line called "Radical" was made available to Franklin's customers. The break-even point for sales of Radical is $250,00 . with a contribution margin ratio of 40 percent. Assuming that the profit for the Radical line during the year amounted to $80,000 . total sales during the year would have amounted to:
a. $450,000. b. $420,000. c. $400,000. d. $475,000.
Hang 12 manufactures surfboards. During the upcoming quarter, it expects to sell 3,800 surfboards, after which it plans to have 500 surfboards remaining in inventory. If it currently has 200 surfboards on hand, how many surfboards will Hang 12 have to produce for the upcoming quarter?
a. 4,100 b. 3,500 c. 3,800 d. 3,100
Which of the following is one of the ways recommended to build your personal brand?
A) Have your email templates designed by a professional designer to make it look attractive. B) Include a signature block in your email to provide educational qualifications and family details. C) Choose an email address that represents your name, phone number, and date of birth. D) Wait for 24 hours before returning calls and emails so as not to appear too eager. E) Avoid distracting background music or cute sayings in your voice mail greeting.