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blagie [28]
1 year ago
12

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)
Business
1 answer:
MariettaO [177]1 year ago
5 0

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.

<h3>What is Amazon.com, Inc.?</h3>

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).

To learn more about amazon visit:

brainly.com/question/28235881

#SPJ4

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Cala Manufacturing purchases land for $451,000 as part of its plans to build a new plant. The company pays $31,900 to tear down
kaheart [24]

Answer:

                                                                        Debit            Credit    

Property plant and equipment (Plant)   $1,965,166

               Cash                                                                  $1,965,166

Being the cost of construction of plant building

Explanation:

<em>According to International Accounting Standards (IAS) 16, property plants and equipment, the cost of land includes all of the cost necessary to bring and make it ready for the intended use. </em>

The total cost of the plant = 451,000 + 31,900 + 47,156 + 1,349,900 + 85210

= $1,965,166

The journal entry

                                                                        Debit          Credit    

Property plant and equipment (Plant)   $1,965,166

               Cash                                                                   $1,965,166

<em>Being the cost of construction of plant building</em>

5 0
2 years ago
The effect of bulky or heavy products on transportation costs can make _______ an inappropriate strategy.
emmainna [20.7K]

Transportation costs can make exporting an inappropriate strategy.

<span>If a product is bulky or heavy, because of its weight or mass the transportation costs will obviously increase and make it more expensive, and unless the product carries an extraordinary high value-to-weight ratio the exporting strategy will be considered the least effective.</span>

3 0
3 years ago
What is meant by trading on the equity? (b) how would you determine the profitability of trading on the equity? chegg.
aleksklad [387]

Answer:

Trading on equity defines the increase in profit earned by the equity shareholders due to presense to financial charges.

When a company is higher the rate of interest on borrowed funds.so company should option for trading on equity.

Explanation:

<em>h</em><em>o</em><em>p</em><em>e</em><em> </em><em>i</em><em>t</em><em> </em><em>h</em><em>e</em><em>l</em><em>p</em><em>s</em><em> </em><em>u</em><em /><em />

4 0
2 years ago
(Pension Expense, Journal Entries, Amortization of Loss) Gottschalk Company sponsors a defined benefit plan for its 100 employee
Alika [10]

Answer: See attachment and explanation.

Explanation:

a. Determine the components of pension expense that the company would recognize in 2017.

Service cost = $52,000

Add: Interest on projected benefit obligation = $380,000 × 10% = $38,000

Less: Actual return on plan asset = ($11000)

Less: Unexpected loss = 200,000 × 10% - 11,000 = ($9000)

Ammortization of prior service cost = $15000

Pension expense = $85,000

b. The journal entry to record the pension expense and the company’s funding of the pension plan in 2017 has been attached.

c. The amount of the 2017 increase/decrease in gains or losses and the amount to be amortized in 2017 and 2018 has been attached.

d. The pension amounts reported in the financial statement as of December 31, 2017 will be $85,000.

7 0
2 years ago
Which programs carry out repetitive tasks and can be programmed to make decisions based on specified conditions
Elanso [62]

Based on Machine technology fundamentals, the programs that carry out repetitive tasks and can be programmed to make decisions based on specified conditions are "<u>Intelligent agents</u>."

This is because Intelligent Agents is designed to carry out certain functions according to its environment, user input, and experiences.

<u>Intelligent agents</u> is designed with the capability to carry out or gather information on their own.

It can also be programmed to work at a specific time or when the user asks in real-time.

There are various types of Intelligent Agents. Some of these intelligent agents include the following:

  • Simple Reflex Agents;
  • Model-Based Reflex Agents;
  • Goal-Based Agents;
  • Utility-Based Agents;
  • Learning Agent;

Hence, in this case, it is concluded that the correct answer is Intelligent Agents.

Learn more here: brainly.com/question/24180103

8 0
2 years ago
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