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Brief Exercise 5-17 Principal or agent [LO5-6 Assume that Amazon.com sells the MacBook Pro, a computer brand produced by Apple, for a retail price of

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Brief Exercise 5-17 Principal or agent [LO5-6 Assume that Amazon.com sells the MacBook Pro, a computer brand produced by Apple, for a retail price of $1,600. 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 $160 commission that Amazon keeps. In this arrangement, how much revenue will Amazon recognize for the sale of one MacBook Pro? es

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