Calculate the monthly accounting profit for the magazine

Reference no: EM133655618

Question: Last fall, Marco Arment launched a general interest magazine. It's called, aptly enough, The Magazine. Writers are paid $800 per article. There are no ads. Until recently, it was available only via iPhones and iPads. Astonishingly, it's already turning a profit. Arment walked me through the numbers. He has 25,000 subscribers who pay $1.99 a month. Apple takes a 30 percent cut, leaving Arment about $35,000 a month. This cost of putting out the magazine is a bit over $20,000 per month. It comes out every two weeks, and each issue costs about $10,000. Roughly $4,000 goes to writers. The rest goes mostly to copy editors, illustrators, photographers and editors. Based on the cost estimate provided calculate the monthly accounting profit for The Magazine?

Reference no: EM133655618

Questions Cloud

How did society respond to television in the 1950s : How did society respond to television in the 1950's?

Identify a department within anibt hotels operations : Identify a department within ANIBT Hotels operations and describe how various forms of up-to-date financial information could be utilized to determine whether

Describe the grand challenge that you are most drawn to : Identify and describe the Grand Challenge that you are most drawn to. Briefly explain what social workers are currently doing to address this challenge.

Describe the change : explain each spreadsheet, specifically, and indicate how the purchase of these new assets will affect your prior plan submitted during Module Three.

Calculate the monthly accounting profit for the magazine : The rest goes mostly to copy editors, illustrators, photographers and editors. Based on the cost estimate provided calculate the monthly accounting profit

Are they shown only in/on the face of the income statement : Are they shown only in/on the face of the income statement or are there certain FX transactions that are disclosed in the OCI statement (Other Comprehensive

Who will probably experience the larger loss : Select the correct answer With regards to Channel Conflict, the most basic conflict with McDonald's. Who will probably experience the larger loss?

Prepare amiels consolidated income statement : Prepare Amiels consolidated income statement for 20X1. (Enter your answers in millions rounded to 1 decimal place.)

What is a cms 1500 : What is a CMS 1500 Be sure to follow all the formatting hints. Read: "Field by field Explanation" Review the sample completed

User Account

All Pages