Question
Assume that Amazon.com sells the MacBook Pro, a computer produced by Apple, for a retail price of $1,470. Amazon arranges its operations such that customers
Assume that Amazon.com sells the MacBook Pro, a computer produced by Apple, for a retail price of $1,470. Amazon arranges its operations such that customers receive products directly from Apple Stores rather than Amazon. Customers purchase from Amazon using credit cards, and Amazon forwards cash to Apple equal to the retail price minus a $147 commission that Amazon keeps.
In this arrangement, how much revenue will Amazon recognize for the sale of one MacBook Pro?
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Financial Accounting For Decision Makers
Authors: Peter Atrill, Eddie McLaney
10th Edition
1292409185, 9781292409184
