Question: For a recent year, Target Corporation ( TGT ) reported revenue of $ 3 1 , 8 0 2 million. Its gross profit was $

For a recent year, Target Corporation (TGT) reported revenue of $31,802 million. Its gross profit was $7,951 million.
What was the amount of Target's cost of goods sold?
$fill in the blank 1
million

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!

Q:

Restriction enzymes, described in Chapter 20, are enzymes that recognize a particular DNA sequence and cleave the DNA (along the DNA backbone) at that site. The restriction enzyme known as Notl...

Q:

Determining Gross Profit During the current year, merchandise is sold for $833,000. The cost of the goods sold is $458,150. a. What is the amount of the gross profit? b. Compute the gross profit...

Q:

Determining gross profit E4-1 b), 1 During the current year, merchandise is sold for $6,400,000. The cost of the goods sold is $5,376,000. a. What is the amount of the gross profit? b. Compute the...

Q:

I need help in these exercise. E4-1 , E4-2 , E4-3, E4-5, E4-6 Obj. 1 E4-1 Determining gross profit During the current year, merchandise is sold for $6,400,000. The cost of the goods sold is...

Q:

For a recent year, Target Corporation ( TGT ) reported revenue of $ 5 4 , 0 1 2 million. Its gross profit was $ 1 3 , 5 0 3 million. What was the amount of Target's cost of goods sold? $fill in the...

Q:

Obj. 1 E4-2 Determining cost of goods sold gross For a recent year, Target Corporation (TGT) reported revenue of $72,618 million. Its profit was $21,340 million. What was the amount of Target's cost...

Q:

Determining cost of goods sold For a recent year, Target Corporation (TGT) reported revenue of $72,618 million. Its gross profit was $21,340 million. What was the amount of Targets cost of goods...

Q:

Determining cost of goods sold For a recent year, Target Corporation (TGT) reported revenue of $71,879 million. Its gross profit was $20,754 million. What was the amount of Target's cost of goods...

Q:

For a recent year, Target Corporation (TGT) reported revenue of $71,879 million. Its gross profit was $20,754 million. What was the amount of Targets cost of goods sold?

Q:

Purchases Transactions Meman Company purchased merchandise on account from Springhill Company for $6, 50C, terms 2/10, n/10. Near returned me chamcise with ar invoice amount of $1, 600 and receives...

Q:

can you help me with this HW Exercise 4-2 Presented below is information related to Shamrock Company at December 31, 2017, the end of its first year of operations. Exercise 42 Presented below is...

Q:

Sam's Toys budgeted sales of $300,000 for the month of November and cost of goods sold equal to 80% of sales. Beginning inventory for November was $50,000 and ending inventory for November is...

Q:

Bridgette and Lisa just completed the development of a better face shield for health workers. The new productis expected to produce annual revenues of $200,000.00 Bridgette and Lisa require an...

Q:

The date on which a firm's director issues a statement announcing a dividend. The firm actually sends the dividend checks on this date. If the company lists the stockholder as an owner on this date,...

Q:

a=2 b= 0 c= 2 d=0 e=0 f=9 g=3 5. Draw the Network diagram for the following project. Estimate the Earliest start time and Latest finish time for each activity. If every day it cost 200 rials for this...