On October 1, 2018, $24,000 of Annual Magazine Subscriptions Were

question 10

Essay

On October 1, 2018, $24,000 of annual magazine subscriptions were sold by Kitchen Design Magazines. The subscribed magazines are delivered on the first day of each month beginning on October 1, 2018. The total cost of the subscribed magazines is $9,000, equal to $750 per month. Determine the amount of revenue and the cost of the magazines to be recognized during 2018.

---

Definitions:

Emotional Intelligence

The ability to recognize, understand, and manage one's own emotions and those of others in positive ways.

Collectivist

Pertaining to cultural values that emphasize the importance of the group or community over the individual, promoting interdependence and cooperation.

Team Work

The collaborative effort of a group to achieve a common goal or to complete a task in the most effective and efficient way.

Individualistic

Describing a cultural orientation or personal behavior that emphasizes the importance of personal goals, autonomy, and self-reliance over group interests.