Question

chegg amazon.com inc. is one of the world’s leading e-commerce companies, with over $386 billion in revenues for the fiscal year ended december 31, 2020. for the year ended december 31, 2020, amazon’s cost of goods sold was $233,307 million. assume that all purchases were made on ac- count. the following t-accounts reflect information contained in the company’s 2020 and 2019 balance sheets (in millions)

Answer 1

With nearly $386 billion in revenues for the fiscal year ending December 31, 2020, Amazon.com.inc. is one of the top e-commerce businesses in the world. Amazon's cost of goods sold for the fiscal year that concluded on December 31, 2020 was $233,307 million.

What is Amazon.com, Inc.?

A global American technology business, Amazon.com, Inc., specializes in e-commerce, cloud computing, digital streaming, and artificial intelligence. One of the most valuable brands in the world, it has been called "one of the most significant economic and cultural forces in the globe." Along with Alphabet, Apple, Microsoft, and Meta, it is one of the Big Five American technological firms.

On July 5, 1994, Jeff Bezos launched Amazon from his garage in Bellevue, Washington. It has numerous subsidiaries, including Kuiper Systems (satellite Internet), Amazon Lab126, Zoox (autonomous vehicles), and Amazon Web Services (cloud computing) (computer hardware R&D).

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