Revenue and the recognition principle heartstrings gift shoppe sells an assortment of gifts for any occasion. during october, heartstrings started a gift-of-the-month program. under the terms of this program, beginning in the month of the sale, heartstrings would select and deliver a random gift each month, over the next 12 months, to the person the customer selects as a recipient. during october, heartstrings sold 25 of these packages for a total of $11,280 in cash. for the month of october, calculate the amount of revenue that heartstrings will recognize.

Dr. sperry, a biologist, is using excel to track growth rates of different populations of bacteria. she has a very complex formula in one cell. it begins with “round”. dr. sperry would like to see exactly how excel’s calculation reached the final rounded value that she sees in the cell. what could dr. sperry do to best understand how the calculation was made? try different formulas on her own until she reaches the value shown in excel click on the evaluate formula button in the formulas tab and then click “step in” select the cell and then look at the formula in the formula field of the ribbon remove “round” from the formula in order to see the actual value before rounding