Question: 7. Question 7 Amazonia Solutions operates a platform that connects stores around the world. When the customer tries to find a product online on Amazonia

7. Question 7 Amazonia Solutions operates a platform that connects stores around the world. When the customer tries to find a product online on Amazonia Solutions, and there isn't that product, Amazonia connects the customer with other associated stores and receives a 15% fee commission from the other stores for facilitating the connection. One customer went through Amazonia and agreed to pay $8,000 for a product in Unga Bunga Store. How would this transaction be reflected on Amazonia Solutions' income statement? Status: [object Object] 1 point Revenue of $8,000 Revenue of $8,000 and cost of services of $6,800 Revenue of $1,200 Revenue of $9,200 and cost of services of $8,000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

This is Strategic Management , please read the following case 9B06M092 about Lululemon Athletica: Primed for Growth and help me answer the questions related to this case study. Case questions:...

Hi Sara Hope you are doing well. I need to prepare Ratio Analysis for eBay company and Amazon. I uploaded the most recent 10-K report for the most recent years, 2014 to 2016. Please let me know if...

Hi Sara, Please find my attachments for your information. Thank you Masoumeh P 3-2 P 3-2 The following information was obtained from the accounts of Lukes, Inc., as of December 31, 2012. It is...

Form 10-K for Apple which covered Item 1: Business. Prepare a balanced score card using the information provided in the excerpt. You are not required to do any additional research. Since your company...

Exercise one. 1. Let the market demand curve be P=1000 - 10Q. Assume the market is controlled by a monopolist. Let fixed cost be $10,000 and Marginal Costs (MC)=20Q. a) What is the profit maximizing...

Please prepare a balanced score card using the information provided. You should prepare a balanced scorecard for the manager of a retail Apple Store. Use the template given. Area Measure Financial...

A farmer in Georgia must decide which crop to plant next year on his land: corn, peanuts, or soybeans. The return from each crop will be determined by whether a new trade bill with Russia Determine...

On April 1, Julie Spengel established Spengels Travel Agency. The following transactions were completed during the month. 1. Invested $15,000 cash to start the agency. 2. Paid $600 cash for April...

Long - term Treasury bonds are considered to be the "risk - free" asset in the global financial markets. However, long - term Treasury bond funds still bear significant _ _ _ _ _ _ _ _ risk. Question...

Determine the major differences between U.S. GAAP and IFRS disclosure reporting requirements related to each separately reportable operating segment. Next, give your opinion as to whether either U.S....