In 2007, Best Buy reported revenue of $35,934 million. Its gross profit was $8,769 million. What was

Question:

In 2007, Best Buy reported revenue of $35,934 million. Its gross profit was $8,769 million. What was the amount of Best Buy’s cost of merchandise sold?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Accounting

ISBN: 978-0324662962

23rd Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

See More Books

Question Posted: Dec 10, 2011 09:32 AM

See More Questions

In 2005, Best Buy reported revenue of $27,433 million. Its gross profit was $6,495 million. What was the amount of Best Buy's cost of merchandise sold?
For a recent year, Best Buy reported revenue of $50,272 million. Its gross profit was $12,637 million. What was the amount of Best Buy's cost of merchandise sold?
Best Buy Co., Inc. s consolidated balance sheets from its 2011 annual report are presented in Exhibit 5- 3. Required a. Using the balance sheets, prepare a vertical common- size analysis for 2011 and...
Find the incarization of the function x) - Vx+ 4 at a-5 and use it to approximate the numbers 8.97 and y9.05. Are these approximations overestimates or underestimates? SOLUTION The derivative of fx)...
Milford Lumber Company ships construction materials from three wood-processing plants to three retail stores. The shipping cost, monthly production capacities, and monthly demand for framing lumber...
During the current year, the City of Plattsburgh recorded the following transactions related to its property taxes: 1. Levied property taxes of $6,600,000, of which 2 percent is estimated to be...
Pick a product like Cadillac or Sara Lee Deli products or service like Mr. Clean Performance Car Wash or a car and home insurance company that is offered in a limited number of countries. Assess the...
Winston Industries and Ewing Inc. enter into an agreement that requires Ewing Inc. to build three diesel-electric engines to Winstons specifications. Upon completion of the engines, Winston has...
Calculate the output of the neural network illustrated below figure 1 using the following activation functions. Consider all the weight values are equal to 1 . a . Binary Sigmoidal ( logsig )...
The following is the statement of financial position of TT and Co. (see Self-assessment question 3.1 on page 105) at the end of its first year of trading: During 2010, the following transactions took...
The following selected transactions were completed by Silvertree Company during January of the current year: Jan. 1. Purchased merchandise from Guinn Co., $13,600, terms FOB destination, n/30. 3....
The debits and credits for three related transactions are presented in the following T accounts. Describe eachtransaction. Cash Sales 17,640 Accounts Receivable 20,000 (3) (5) 20,000 (5) Sales...
Consider the following map. (a) Represent the map as a graph. (b) Determine (state yes or no) whether the graph has an Euler path. If yes, give one such Euler path. (c) Determine (state yes or no)...
Oliver Bauer, owner of Bauer's Retail Store, has been very careful to establish good internal control over inventory purchases for his shop. The shop has several employees, and since Ollie cannot...
What are Generally Accepted Accounting Principles, and how do they affect the accounting reports of businesses in Australia? Why might the owner or owners of a business be concerned about a proposed...
The JeBean Company makes sales only on credit. All JeBean's customers order through the post. The business has a small accounting department, a credit department, an inventory department and a...
Suppose you are a manager of The Foot Note, a small retail store that sells socks. Give an example of information that would help you in each of the management activities of planning, operating and...
The Anibonita Company is a retail shop with three sales departments. It also has a small accounting department, a purchasing department and a receiving department. All inventory is kept in the sales...
Suppose the circle in Figure 18.6 has radius 2. Table 18.2 shows the approximate areas of inscribed polygons. Figure 18. 6 Table 18. 2 What is the limit of the approximate area? A3 As A A12
Use the formula to determine the value of the indicated variable for the values given. Use a calculator when one is needed. When necessary, use the key on your calculator and round answers to the...
In Problems 4148, discuss the validity of each statement. If the statement is always true, explain why. If not, give a counterexample. If every state of a Markov chain is an absorbing state, then it...
Simon Company determines that its goodwill is impaired. It finds that its implied goodwill is $360,000 and its recorded goodwill is $400,000. The fair value of its identifiable assets is $1,450,000....
Simon Company determines that its goodwill is impaired. It finds that its implied goodwill is $360,000 and its recorded goodwill is $400,000. The fair value of its identifiable assets is $1,450,000....
What is the nature of research and development costs?
You are given the following ODE: y+3y+2y+ y = 3x 1. Derive the frequency response function G(jw) of this ODE. 2. Calculate the magnitude of G(jw). 3. Calculate the phase of G(jw). 4. Calculate the...
Calculate the moment of inertia in terms of a and b according to the x-axis of the area in the figure -a- y=k(x-a)3 20 b
A premium annual - pay bond pays a $ 8 2 coupon, has a yield to maturity of 5 . 1 7 % , and is priced at $ 1 , 0 9 3 . 9 8 . How many years till the bond matures? Answer in years to at least two...

In 2007, Best Buy reported revenue of $35,934 million. Its gross profit was $8,769 million. What was

Question:

Step by Step Answer:

27165 would be it...View the full answer

Accounting

Students also viewed these Accounting questions