In short, Starbucks's success can be attributed to its marketing, the environment of its establishments, and its social popularity. Starbucks has managed to present itself as an honest, morally decent, and trendy coffee house that appeals primarily to a millennial audience. Regarding their locations, Starbucks franchises offer an upscale, urban feel that is not offered by many other coffee chains. Another reason is Starbucks embracing social progress and pop culture in their advertising and business design and practices. Finally, the ingredients used in Starbucks coffee are often marketed as premium and upscale, which falls into the advertising used to convince consumers that their product is worth more, even though that objectively, their product is comparable to products that cost significantly less. In short, it is not so much the product that is being paid for, but the name and social stigma/popularity around it, and this is why people do not hesitate to pay more for Starbucks's product.
Answer:
(A) acceptability
Explanation:
Medium of exchange, store of value and unit of account are all functions of money. Acceptability is only a characteristic of money.
Answer:
Please see answers below
Explanation:
1. Prepare an income statement for the year ended, December 31, 2021
Fightin' Blue Hems Corporation, Income statement for the year ended, December 31, 2021.
Details
$
Service revenue
500,000
Salaries expense
400,000)
Rent expense
20,000)
Depreciation expense
40,000)
Interest expense
5,000)
Earnings for the year
35,000
2. Prepare a statement of stockholder's equity for the year ended, 31, December, 2021
Fightin' Blue Hens Corporation statement of stockholder equity for the year ended , December 31, 2021.
Details
$
Common stock
300,000
Retained earnings
60,000
Earnings for the year
35,000
Stockholder equity
395,000
3. Prepare a classified balance sheet as at 31, December
Fightin' Blue Hens Corporation, classified balance sheet for the hear ends, December 31, 2021.
Details
$
Fixed assets
Equipment
400,000
Accumulated depreciation
135,000
Net fixed assets
265,000
Current assets
Cash
12,000
Accounts receivables
150,000
Prepaid rent
6,000
Supplies
30,000
Total current assets
198,000
Current liabilities
Accounts payable
($12,000)
Salaries payable
(11,000)
Interest payable
(5,000)
Working capital
170,000
Long term liabilities
Notes payable (due in two years)
(40,000)
Net total assets
395,000
Financed by;
Common stock
300,000
Retained earnings
60,000
Earnings for the year
35,000
Stockholder equity
395,000
Those who have the most deductions
