1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
baherus [9]
3 years ago
10

Starbucks Corporation is the premier​ roaster, marketer, and retailer of specialty coffee in the​ world, operating in 68 countri

es. Starbucks generates revenues through​ company-operated stores, licensed​ stores, and consumer packaged goods. In​ 2015, revenues from​ company-operated stores accounted for​ 79% of total revenues. Starbucks states that its retail objective is to be the leading retailer and brand of coffee and tea by selling the finest quality​ coffee, tea, and related products. In​ addition, the company strives to provide the Starbucks Experience by exemplifying superior customer service and providing clean and​ well-maintained stores. Part of this experience involves providing free internet service to customers while they are enjoying their food and beverages. Read the requirementsLOADING.... Requirement 1. How would the cost of internet service be reported by Starbucks and on which financial​ statement? The cost of internet service would be reported by Starbucks as
Business
1 answer:
aliya0001 [1]3 years ago
4 0

Answer:

Even though the information is not complete, all that we need is included in the question. Starbucks provides free internet service to their customers as part of the Starbucks Experience, therefore, the cost of providing free internet must be reported as an operating expense on the income statement. This cost must be treated similarly to any other operating expense, e.g. cleaning expenses, wages, insurance expense, etc.

You might be interested in
The following condensed balance sheet is for the partnership of Hardwick, Saunders, and Ferris, who share profits and losses in
spin [16.1K]

Question Completion:

Condensed Balance Sheet:

Cash                                      $115,000

Other assets                          760,000

Total assets                         $875,000

Accounts payable               $232,000

Ferris, loan                               43,000  

Hardwick, capital                   270,000

Saunders, capital                   170,000

Ferris, capital                         160,000

Total liabilities and capital $875,000

Answer:

The Partnership of Hardwick, Saunders, and Ferris

Proposed Schedule of Liquidation:

Net proceeds from sale of assets          $526,000

Share of net proceeds:

Hardwick    4/10 * $526,000 $210,400

Saunders   3/10 * $526,000  $157,800

Ferris         3/10 * $526,000  $157,800 $526,000

Explanation:

a) Data and Calculations:

Condensed Balance Sheet:                

Cash                                      $115,000    

Other assets                          760,000

Total assets                         $875,000

Accounts payable               $232,000

Ferris, loan                               43,000  

Hardwick, capital                   270,000

Saunders, capital                   170,000

Ferris, capital                         160,000

Total liabilities and capital $875,000

Schedule of Assets Disposal:

Cash                                                         $115,000    

Other assets:

40% of $760,000 ($304,000) sold for  230,000

60% of $760,000 ($456,000) sold for  456,000

Proceeds from disposal, including cash 801,000

Settlement of Accounts Payable          -232,000

Settlement of Ferris, loan                        -43,000

Net proceeds                                          526,000

                                  Hardwick   Saunders      Ferris

Capital accounts      $270,000   $170,000   $160,000

Final settlement          210,400     157,800      157,800

7 0
2 years ago
What does an exchange rate tell you??
horrorfan [7]
It tells you what one nations currency is worth in another country
7 0
3 years ago
Jerry is feeling very stressed because his boss expects a project to be delivered to the client within a very unreasonable deadl
34kurt

Answer:

The correct answer is letter "B": organizational.

Explanation:

Stress because of organizational factors refers to all those produced as the result of labor activities. Tight deadlines, an overload of duties, low promotion opportunities, insufficient budgets are typical causes why employees could get on their nerves within the work-frame.

4 0
3 years ago
Design Math Quiz
LiRa [457]

Answer:

b) 4,000 + 5 x 1,000

Explanation:

The cost of 1000 items will be the total of

1). the set up cost

2). The per item cost multiplied by 1000 units

Therefore, the cost function will

=set up cost($4000 )  + cost of 1000 items( $5 x 1000)

=$4000 + $5 x 1000

4 0
3 years ago
Homer deposited $3,000 this morning into an account that pays 5 percent interest, compounded annually. Bart also deposited $3,00
Art [367]

Answer:

The answer is "Option a".

Explanation:

In this question, each year Barb pays back the interest received. It will add depth to its principle during the first year. In this, the actual case, the interest for $3000 at  5% for the first year = $150, would be added to $3 000, and $31,50. In the second year, Barb should gain a 5% interest on $3150. Throughout the case of Andy, the second principle will be $3000 like it was at the end of the first year. Thus, Barb's second year is going to have more interest.

  • In choice b, It is wrong because Andy wants to withdraw its interest, this won't get irritated. He would also receive less interest per year than Barb.
  • In choice c, Its interest would not be the same for both in the first year.
  • In choice d, It is wrong because Andy wants to withdraw interest each year, no compound interest will arise.  
  • In choice e, No, not that. Andy won't earn the interest compounded so, the Barb will receive the interest multiplied. Therefore, for the five-year duration, Barb can earn more interest.
3 0
2 years ago
Other questions:
  • You do not want to store your data locally on your hard disk. you would rather store it using an internet service. what is this
    13·1 answer
  • Larry Nelson holds 1,000 shares of General Electric (GE) common stock. As a stockholder, he has the right to be involved in the
    12·1 answer
  • Your discount brokerage firm charges $7.95 per stock trade. how much money do you need to buy 200 shares of pfizer, inc. (pfe),
    9·1 answer
  • One difference between the short run and the long run is that perfectly competitive​ firms: A. always earn more economic profit
    13·1 answer
  • Given question three, what is the equilibrium quantity​
    8·1 answer
  • X Y and Z are partners sharing profit in the ratio of 2 by 3 ratio 1 by 4 ratio 1 by 12 calculate the new ratio if x retires ​
    8·1 answer
  • Consider the following 4 bonds A B C D:(a) What is the percentage change in the price of each bond if its yields to maturity fal
    14·1 answer
  • Fallon Company uses flexible budgets to control its selling expenses. Monthly sales are expected to range from $172,800 to $215,
    11·1 answer
  • 100 point givaway
    10·1 answer
  • The production manager of Rordan Corporation has submitted the following forecast of units to be produced by quarter for the upc
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!