In 2007, Best Buy reported revenue of $35,934 million. Its gross profit was $8,769 million. What was
Question:
In 2007, Best Buy reported revenue of $35,934 million. Its gross profit was $8,769 million. What was the amount of Best Buy’s cost of merchandise sold?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 63% (11 reviews)
27165 would be it...View the full answer
Answered By
Muhammad Ahtsham Shabbir
I am a professional freelance writer with more than 7 years’ experience in academic writing. I have a Bachelor`s Degree in Commerce and Master's Degree in Computer Science. I can provide my services in various subjects.
I have professional excellent skills in Microsoft ® Office packages such as Microsoft ® Word, Microsoft ® Excel, and Microsoft ® PowerPoint. Moreover, I have excellent research skills and outstanding analytical and critical thinking skills; a combination that I apply in every paper I handle.
I am conversant with the various citation styles, among them; APA, MLA, Chicago, Havard, and AMA. I also strive to deliver the best to my clients and in a timely manner.My work is always 100% original. I honestly understand the concern of plagiarism and its consequences. As such, I ensure that I check the assignment for any plagiarism before submission.
4.80+
392+ Reviews
587+ Question Solved
Related Book For
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
Question Posted:
Students also viewed these Accounting questions
-
In 2005, Best Buy reported revenue of $27,433 million. Its gross profit was $6,495 million. What was the amount of Best Buy's cost of merchandise sold?
-
For a recent year, Best Buy reported revenue of $50,272 million. Its gross profit was $12,637 million. What was the amount of Best Buy's cost of merchandise sold?
-
Best Buy Co., Inc. s consolidated balance sheets from its 2011 annual report are presented in Exhibit 5- 3. Required a. Using the balance sheets, prepare a vertical common- size analysis for 2011 and...
-
Find the incarization of the function x) - Vx+ 4 at a-5 and use it to approximate the numbers 8.97 and y9.05. Are these approximations overestimates or underestimates? SOLUTION The derivative of fx)...
-
Milford Lumber Company ships construction materials from three wood-processing plants to three retail stores. The shipping cost, monthly production capacities, and monthly demand for framing lumber...
-
Carranza, a nonexempt salesperson with Verent Enterprises, earns a base annual salary of $30,000 with a standard 40-hour workweek. In addition, a 3 percent commission on all sales during the pay...
-
Windows Company received the following notes during 20X3. Note Date Principal Amount Interest Rate Term (1) Oct. 31 $11.000 12% 3 months (2) Nov. 19 15,000 10% 60 days (3) Dec. 1 12.000 9% 1 year...
-
UrLink Company is a newly formed company specializing in high-speed Internet service for home and business. The owner, Lenny Kirkland, had divided the company into two segments: Home Internet Service...
-
Here's the general idea of the game. Each player has a "bingo" card, each card is a 5 X 5 grid. The items that you will use for the cards are specified on*** (because I can't provide 3rd party URL,...
-
Just 2 months out of training you were assigned to the Logistics Readiness Squadron in Minot, North Dakota. After in-processing with the unit, you sit down with your squadron commander, Major...
-
The following selected transactions were completed by Silvertree Company during January of the current year: Jan. 1. Purchased merchandise from Guinn Co., $13,600, terms FOB destination, n/30. 3....
-
The debits and credits for three related transactions are presented in the following T accounts. Describe eachtransaction. Cash Sales 17,640 Accounts Receivable 20,000 (3) (5) 20,000 (5) Sales...
-
Preet Company is considering purchasing equipment. The equipment will produce the following cash flows: Year 1, $30,000; Year 2, $40,000; Year 3, $60,000. Preet requires a minimum rate of return of...
-
Why is it critical to immediately contact your Engagement Partner when you suspect or identify non-compliance? He or she will ensure that the non-compliance doesn't affect the Client's reputation He...
-
Question 9: Determine the current and its direction, in each resistor, for the circuit shown below. Show your calculations. R=152 9.0 V + 12V ww R=75 2 R3= 50
-
how can The High - Tech Way To Recycle Clothes sustainable. and what they offer and what are their ecofriendly
-
James Bondbuyer purchases a Treasury bond on Monday, May 2, regular way settlement. The bond pays interest on January 15 and July 15. How many days of accrued interest will be owed to the seller? A...
-
Aviation and air traffic control have come a long way in the last 100-years. Some believethat we have reached a plateau and that growth in aviation will stop. Aviation may go the way of the railroads...
-
What information does the statement of owner's equity report?
-
Why can wastewater treatment requirements in Hawaii be less stringent than those in most locations on the U.S. mainland?
-
In Problems 4148, discuss the validity of each statement. If the statement is always true, explain why. If not, give a counterexample. If every state of a Markov chain is an absorbing state, then it...
-
Simon Company determines that its goodwill is impaired. It finds that its implied goodwill is $360,000 and its recorded goodwill is $400,000. The fair value of its identifiable assets is $1,450,000....
-
Simon Company determines that its goodwill is impaired. It finds that its implied goodwill is $360,000 and its recorded goodwill is $400,000. The fair value of its identifiable assets is $1,450,000....
-
What is the nature of research and development costs?
-
September 1 . Purchased a new truck for $ 8 3 , 0 0 0 , paying cash. September 4 . Sold the truck purchased January 9 , Year 2 , for $ 5 3 , 6 0 0 . ( Record depreciation to date for Year 3 for the...
-
Find the NPV for the following project if the firm's WACC is 8%. Make sure to include the negative in your answer if you calculate a negative. it DOES matter for NPV answers
-
What is the value of a 10-year, $1,000 par value bond with a 12% annual coupon if its required return is 11%?
Study smarter with the SolutionInn App