Blossom Inc. is a publicly traded snack food company focused on snacks and candies from around the world. On a monthly basis, the company boxes snacks and candies from a different country, along with facts about each and a scorecard for tracking favourites. The boxes can be purchased at specialty shops and are available for annual subscription. The consumer can choose between two annual subscriptions, the Good Box for $192 annually and the Oh So Good Box for $264 annually. Subscriptions are paid in advance and are non-cancellable. Blossom sold for cash 10,400 subscriptions on October 1, 2024, of which 20 % were Oh So Good Box subscriptions. Single Good Boxes can be purchased at specialty shops. Blossom charges the shops $10 per box. Normally, 2.600 boxes are delivered to specialty shops each month, with 20% of these being returned unsold. Of the 2,600 boxes sent out in October 2024, all were sold on account, and none of the returned boxes are expected to be resold and are scrapped. Unsold boxes are returned by shops in the following month. The products in the Good Boxes cost Blossom $4 per box, while the products in the Oh So Good Box cost Blossom $11 per box (a1) Determine how much revenue Blossom would be able to recognize in October 2024. Revenue through subscriptions Deseus.ether than through cub tintions $ S

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Blossom Inc. is a publicly traded snack food company focused on snacks and candies from around the world. On a monthly basis, the
company boxes snacks and candies from a different country, along with facts about each and a scorecard for tracking favourites. The
boxes can be purchased at specialty shops and are available for annual subscription.
The consumer can choose between two annual subscriptions, the Good Box for $192 annually and the Oh So Good Box for $264
annually. Subscriptions are paid in advance and are non-cancellable. Blossom sold for cash 10,400 subscriptions on October 1, 2024,
of which 20% were Oh So Good Box subscriptions.
Single Good Boxes can be purchased at specialty shops. Blossom charges the shops $10 per box. Normally, 2.600 boxes are delivered
to specialty shops each month, with 20% of these being returned unsold. Of the 2,600 boxes sent out in October 2024, all were sold on
account, and none of the returned boxes are expected to be resold and are scrapped. Unsold boxes are returned by shops in the
following month.
The products in the Good Boxes cost Blossom $4 per box, while the products in the Oh So Good Box cost Blossom $11 per box
(a1)
Determine how much revenue Blossom would be able to recognize in October 2024.
Revenue through subscriptions
Deseus other than through cube tintions
$
S
Transcribed Image Text:Blossom Inc. is a publicly traded snack food company focused on snacks and candies from around the world. On a monthly basis, the company boxes snacks and candies from a different country, along with facts about each and a scorecard for tracking favourites. The boxes can be purchased at specialty shops and are available for annual subscription. The consumer can choose between two annual subscriptions, the Good Box for $192 annually and the Oh So Good Box for $264 annually. Subscriptions are paid in advance and are non-cancellable. Blossom sold for cash 10,400 subscriptions on October 1, 2024, of which 20% were Oh So Good Box subscriptions. Single Good Boxes can be purchased at specialty shops. Blossom charges the shops $10 per box. Normally, 2.600 boxes are delivered to specialty shops each month, with 20% of these being returned unsold. Of the 2,600 boxes sent out in October 2024, all were sold on account, and none of the returned boxes are expected to be resold and are scrapped. Unsold boxes are returned by shops in the following month. The products in the Good Boxes cost Blossom $4 per box, while the products in the Oh So Good Box cost Blossom $11 per box (a1) Determine how much revenue Blossom would be able to recognize in October 2024. Revenue through subscriptions Deseus other than through cube tintions $ S
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