Estimate the percentage of amazons sales

Assignment Help Accounting Basics

Reference no: EM133416842

Question: Select Annual Reports, Proxies, and Shareholders Letters, and open Amazon's most recent annual report.
Read the income statement, which Amazon.com names as the "Consolidated Statement of Operations," and in "Note 1-Description of Business and Accounting Policies," under Notes to Consolidated Financial Statements, read the subsections titled "Revenues" and "Cost of Sales."

Then examine Amazon.com's income statement by addressing the following:

Estimate the percentage of Amazon's Sales as Net Income (Loss).

Estimate the percentage of Amazon's Sales going to pay for the costs of the goods being sold.

Summarize the specific criteria before Amazon recognizes a sale as completed and record the related revenue.

Discuss how Amazon accounts for (reports on its income statement) the shipping costs it incurs to ship goods to its customers.

Reference no: EM133416842

Questions Cloud

Why did mark ignore, or intentionally not describe : Why did Mark ignore, or intentionally not describe, any Jewish elements, rituals, procedures, and observances while telling the events of Jesus?

How to write methodology : How to write a methodology? on this topic "The relationship between perceived racism and the incidence of diabetes, while mediating the influence of diet

Should an excellent early childhood professional possess : What personal and professional characteristics should an excellent early childhood professional possess?

Identifying potential issues every family faces challenges : Identifying Potential Issues Every family faces challenges. Make a Checklist What does it take to be healthy?

Estimate the percentage of amazons sales : Estimate the percentage of Amazons Sales going to pay for the costs of the goods being sold. Summarize the specific criteria before Amazon recognizes a sale

Discuss how amazon accounts : Discuss how Amazon accounts for (reports on its income statement) the shipping costs it incurs to ship goods to its customers

What drew you to your major and future vocation : Provide a brief explanation of your educational and career goals. What drew you to your major and future vocation? Would you describe the choice as a calling?

Why do you think that is : In fact, the failure-to-file penalty is 10 times greater than the failure-to-pay penalty. Why do you think that is - A quick glance at these penalties suggests

How would you build your organization reputation : Imagine that you're a PR professional or a specific organization in that industry. How would you build your organization's reputation so as to withstand

User Account

All Pages