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Best Buy Income Tax Expense vs Selling General and Administrative Expense Analysis

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BBY -- USA Stock  

Earnings Report: May 28, 2020  

Best Buy financial indicator trend analysis is way more than just evaluating Best Buy prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Best Buy is a good investment. Please check the relationship between Best Buy Income Tax Expense and its Selling General and Administrative Expense accounts. Continue to Trending Equities.

Income Tax Expense vs Selling General and Administrative Expense

Accounts Relationship

Income Tax Expense vs Selling General and Administrative Expense

Significance: Almost Identical Trend

Income Tax Expense diversification synergy
Overlapping area represents amount of trend that can be explained by analyzing historical patterns of Best Buy Income Tax Expense account and Selling General and Administrative Expense

Correlation Coefficient

0.93
Relationship DirectionPositive 
Relationship StrengthVery Strong

Income Tax Expense

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

Selling General and Administrative Expense

A component of operating expenses representing the aggregate total costs related to selling a firm's product and services; as well as all other general and administrative expenses. direct selling expenses (for example; credit; warranty; and advertising) are expenses that can be directly linked to the sale of specific products. indirect selling expenses are expenses that cannot be directly linked to the sale of specific products; for example telephone expenses; internet; and postal charges. general and administrative expenses include salaries of non-sales personnel; rent; utilities; communication; etc.