Reference no: EM133205373
Assignment - Amazon Accounting Practices Questions
Accounting Practices Project - Listed below are a series of questions that constitutes the Amazon project for ACC 227. You are to answer these questions in complete sentences. You can work in a group of no larger than 3.
Annual Report for 2018, 2017 and 2016 - You will need to refer to all 3
1. Who founded Amazon?
2. Why did the founder name this company," Amazon?"
3. What is the regret minimization framework?
4. How big is Amazon?
5. What was the amount of the initial stock price after the initial offering?
6. How much is one share of Amazon stock worth today?
7. If you work for Amazon, what are you called?
8. What did Amazon do in June of 2017 as a challenge to Wal-Mart?
9. What is their multi-level sales strategy?
10. What is Amazon's sales tax policy?
11. What is Amazon?
12. What did Amazon start out doing?
13. What is the "flywheel" philosophy?
14. What is Amazon's dual ambitions?
15. How profitable was Amazon in its early days?
16. What is disturbing on the sales and net income chart?
17. What is Amazon Prime?
18. What is Prime Day?
19. What would you describe as the main secret to Amazon's success?
20. What is Project Dragon Boat?
21. If you work at Amazon, can you go to the bathroom?
22. What happens to an Amazon employee if they do not answer an email after midnight?
23. Does Amazon encourage employees to tattle tell on each other?
24. What is Amazon Web Services?
25. What is Cloud Computing?
26. Why are startup companies attracted to Amazon Web Services?
27. Where did most of Amazon's operating profits come from in the second quarter of 2017?
28. Who is Alexa?
29. What is the Echo?
30. What is a Kindle?
31. How well did Amazon's phone do? What did its technology grow into?
32. What is Amazon Go?
33. Is Amazon a monopoly?
34. Does Amazon fear losses?
35. What is Jeff Bezos' two pizza rule?
36. What are Amazon's four guiding principles?
37. How does Amazon serve customers?
38. What does Amazon offer sellers?
39. What is Amazon's busiest season?
40. How many employees does Amazon have?
41. What position does Judith A. MacGrath hold outside of her position as an Amazon director? See biography in 2017 proxy statement.
42. How many common stock shareholders does Amazon have?
43. What does the report state about inventory turns and the collection of revenues from customers?
44. What is the breakdown of sales by area?
45. What is AWS?
46. Which area recorded a loss for 2018?
47. Why did this area experience a loss?
48. Why is Amazon willing to experience a shipping loss?
49. What does Amazon sell the most of during 2018?
50. How much net income did Amazon record in 2018?
51. How many shares of preferred stock are outstanding?
52. What are Amazon's revenue recognition guidelines?
53. Which inventory valuation method does Amazon use?
54. Unearned revenues are related to what?
55. Is it a good idea for Jeff Bezos to serve on the board of directors? See the proxy statement for 2017.
56. How many shares of stock does Bezos own?
57. What was Bezos' total compensation in 2016?
58. How much did Ernest and Young get paid for auditing Amazon in 2016? See the proxy statement for 2017.
59. Did Ernest and Young perform any other services for Amazon? See the proxy statement for 2017.
60. How important is secrecy at Amazon?
61. Can anyone who works at Amazon talk with the press?
62. Is there tension at Amazon?
63. What did John Rossman say about his work experience at Amazon?
64. Does Amazon encourage compromising on issues or debating on issues?
65. How did Jeff Bezos stop his grandmother from smoking?
66. What are Amazon's Articles of Faith?
67. What is an Ambot? Amhole?
68. What happened at an eastern Pennsylvania warehouse?
69. Who didn't sleep for four days as she worked on a project?
70. What is the Day 1 complex?
71. What are Jeff Bezos' 3 guiding principles?
72. What are Jeff Bezos' latest takeaways from 2018?
73. What did Warren Buffet say about Jeff Bezos?
74. Would you sell on Amazon?
75. Who is the richest man in the world now?
76. Would you buy Amazon stock now?
Final Question - Now that you have researched Amazon, take a look at Walmart in its startup phase. Research the marketing goals of Walmart and compare them to the goals of Jeff Bezos. What markets did Walmart go after compared to the markets Amazon is going after? And now how is Walmart countering the attack from Amazon.