07 Discussion Question Unlocked: Sunday, September 23,2018 1200 AM EDT- Saturday
ID: 2343015 • Letter: 0
Question
07 Discussion Question Unlocked: Sunday, September 23,2018 1200 AM EDT- Saturday, September 29,2018 11:00 PM EDT. Subscribe Select a company that maintains an inventory. Don't use a company that someone has already used. Please put the company name as the subject of your post. (No posting the company name only to hold it. You must make a full post or I will delete it.) Access the most recent annual 10-K report for the company at the EDGAR filings at www.SEC.gov or Yahoo or Google finance. Review the report and tell us the following: 1. When the report was filed and the time period it covers. 2. What are the company's major product lines? 3. What inventory methods do they use? (Hint: see the Notes of the financial statements) 4. List the major components of the inventory and their values (most will be in the millions). 5. Include any other information you find interesting about the Annual report. Post your intial response, read all of the posts, and post two detailed replies to at least two other student's posts. Follow the minimum requirements for discussion board posts located in the general discussion area. Recall, those are the minimum requirements, more posts are always encouragedExplanation / Answer
Answer part 1
Annual 10K report of Amazon.com Inc was filed on 2.2.2018 and it covered the period from 1st January, 2017 to 31st December, 2017
Answer part 2
The company's major product lines are:
Answer part 3
Inventory methods used by Amazon. Inc are:
Answer part 4
Major components of inventory and their values are:
Inventories valued at $16047 million
Answer part 5
Other information interesting about the report are:
The company has recorded additional cost of sales of $180 million for every 1% of additional inventory allowance as of 31st December, 2017 as the valuation of inventory of the company is based purely on judgements as to likely methods of disposition of inventory by way of direct sales to customers, returns to vendors, liquidations and expected recoverable of each product category.
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