Question
Instructions: Under this link, open 2021 Annual Reports PDF https://ir.aboutamazon.com/annual-reports-proxies-and-shareholder-letters/default.aspx Questions: 1. What percentage of amazon's sales end up as net income? 2. What percentage
Instructions: Under this link, open 2021 Annual Reports PDF
https://ir.aboutamazon.com/annual-reports-proxies-and-shareholder-letters/default.aspx
Questions: 1. What percentage of amazon's sales end up as net income?
2. What percentage of amazon's sales go to pay for the costs of the goods being sold?
3. What specific criteria are necessary before amazon will recognize a sale as having been completed and record the related revenue?
4. How does amazon account for (report on its income statement) The shipping costs it incurs to ship goods to its customers?
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