In March 2017, Mike Winslow promised to give $10,000 to a not-for-profit organization, provided that the organization raised another $25,000. The funds are to be used to care for abandoned and neglected pets. The organization raised the $25,000 by November 2017, and Winslow gave the $10,000 in December 2017. The $10,000 was used to care for abandoned and neglected pets in the first half of 2018. When should the organization recognize the revenue for this gift? Group of answer choices in March 2017 in November 2017 in the first half of 2018, when the money was spent for the indicated purpose either in March 2017 or in November 2017, in accordance with organizational policy

Onsider the following subscription behavior information from genie, a web site that provides tools for constructing a family tree (ancestor search). subscriptions cost $9.99 per month, but you are charged for the entire year at the time of purchase. there is a one-year minimum term when you sign up for the service. once purchased, subscriptions are set to renew automatically unless the subscriber cancels them. when a membership renews, it renews for a one-year term and again you are charged for the entire year. there are no variable costs associated with providing this service to an individual customer, but genie does engage in customer relationship activities that they believe will increase customer retention. these customer relationship activities cost genie about $10 per year per customer. based on a sample of 1000 customers that joined genie five years ago, near the time when the company was founded, they were able to determine how many of those customers remained subscribers in the second year, third year etc. based on this information, genie calculated the average annual retention rate to be 20%. genie uses an annual discount rate of 8%. a. last year, genie spent $10,000 placing advertisements on google. genie management believes that these advertisements were responsible for about 300 new subscribers. would you recommend to genie management that they purchase more google ads? b. suppose a newly-introduced loyalty program increases the number of customers that remained to 30%. does this new data change your answer to 9.a? c. do you have any hesitations or concerns about making recommendations to management based on your above estimate of customer lifetime value?