from g to j

ii. What are Starbucks' major assets? Calculate the proportion of short-term and long-term assets for 2013. Does this seem appropriate for a company such as Starbucks? iii. In general, what are intangible assets? What is goodwill? What specific intangible assets might Starbucks have? iv. How is Starbucks financed? What proportion of total financing comes from non-owners? h. Refer to Starbucks' statement of earnings for fiscal 2013 (the year ended September 29, 2013) and to the common-size income statement you developed in part f, above. i. Review the revenue recognition policies of Starbucks discussed in Note 1 (Summary of Significant Accounting Policies). Does Starbucks record revenue when they receive cash from their customers (cash-basis accounting) or do they follow a different rubric (for example, accrual accounting)? How does Starbucks record revenue on stored value cards (i.e., gift cards)? What challenges in measuring revenue do you observe? That is, are there any significant judgments management needs to make in recording sales revenues at Starbucks? ii. What are Starbucks' major expenses? iii. Were there any significant changes in the cost structure during the most recent year? iv. In fiscal 2013 , Starbucks separately reported a litigation charge and included it in operating Refer to the Starbucks financial statements for fiscal year 2013 (that is, the year ended September 29 , income. Why didn't the company just include this amount within the line item for general and 2013). administrative expenses? Why is it an operating expense? \begin{tabular}{|l|l|} \hline Concepts \\ a. What is the nature of Starbucks' business? That is, based on what you know about the company and \end{tabular} v. Was the company profitable during 2013? During 2012 ? Explain your definition of "profitable." on the accompanying funancial statements, how docs Starbucks make money? i. Refer to Starbucks' ftscal 2013 statement of cash flows. b. What financial statements are commonly prepared for external reporting purposes? What titles does i. Compare Starbucks' net earnings to net cash provided by operating activities and explain the Starbucks give these statements? What does "consoladated" mean? ii. How much cash did Starbucks use for expenditures for property, plant and equipment during c. How often do publicly traded corporations typically prepare financial statements for exterual fiscal 2013? reporting purposes? iii. What amount of dividends did Starbucks pay during the year? How does this amount compare d. Who is responsible for the financial statements? Discuss the potential users of the Starbucks financial to the amount of dividends declared as shown in the statement of equity? statements and the type of information they are likely interested in. e. Who are Starbucks" external auditors? Describe the two "opinion" letters that Starbucks received in j. Several notes to the financial statements refer to the use of "estimates." Which accounts on 2013. In your own words, what do these opinions mean? Why are both opinions dated several months Starbucks' balance sheet require estimates? List as many accounts as you can. Are any accounts after Starbucks" year-end? estimate-free? f.Useaspreadsheettoconstructcommon-sizeincomestatements(whichStarbuckscallsstatementsofAnalysis eamings) and balance sheets for 2013 and 2012 . Common-size income statements scale each income statement line item by total net revenues (sales). Common-size balance sheets are created by dividing each figure on a given year's balance sheet by that year's total assets, thereby creating a balance sheet on a "percent of assets" basis. You will use these common-size statements in answering several of the questions below. (Starbacks' investor relations website-investor.starbucks.com-contains a link to SEC filings. The company's Form 10K can be found under annual filings and contains an Excel spreadsheet with financial statement data that may be helpful in creating the common-size statements). g. Refer to Starbucks' balance sheet for fiscal 2013 (the year ended September 29, 2013), ii. What are Starbucks' major assets? Calculate the proportion of short-term and long-term assets for 2013. Does this seem appropriate for a company such as Starbucks? iii. In general, what are intangible assets? What is goodwill? What specific intangible assets might Starbucks have? iv. How is Starbucks financed? What proportion of total financing comes from non-owners? h. Refer to Starbucks' statement of earnings for fiscal 2013 (the year ended September 29, 2013) and to the common-size income statement you developed in part f, above. i. Review the revenue recognition policies of Starbucks discussed in Note 1 (Summary of Significant Accounting Policies). Does Starbucks record revenue when they receive cash from their customers (cash-basis accounting) or do they follow a different rubric (for example, accrual accounting)? How does Starbucks record revenue on stored value cards (i.e., gift cards)? What challenges in measuring revenue do you observe? That is, are there any significant judgments management needs to make in recording sales revenues at Starbucks? ii. What are Starbucks' major expenses? iii. Were there any significant changes in the cost structure during the most recent year? iv. In fiscal 2013 , Starbucks separately reported a litigation charge and included it in operating Refer to the Starbucks financial statements for fiscal year 2013 (that is, the year ended September 29 , income. Why didn't the company just include this amount within the line item for general and 2013). administrative expenses? Why is it an operating expense? \begin{tabular}{|l|l|} \hline Concepts \\ a. What is the nature of Starbucks' business? That is, based on what you know about the company and \end{tabular} v. Was the company profitable during 2013? During 2012 ? Explain your definition of "profitable." on the accompanying funancial statements, how docs Starbucks make money? i. Refer to Starbucks' ftscal 2013 statement of cash flows. b. What financial statements are commonly prepared for external reporting purposes? What titles does i. Compare Starbucks' net earnings to net cash provided by operating activities and explain the Starbucks give these statements? What does "consoladated" mean? ii. How much cash did Starbucks use for expenditures for property, plant and equipment during c. How often do publicly traded corporations typically prepare financial statements for exterual fiscal 2013? reporting purposes? iii. What amount of dividends did Starbucks pay during the year? How does this amount compare d. Who is responsible for the financial statements? Discuss the potential users of the Starbucks financial to the amount of dividends declared as shown in the statement of equity? statements and the type of information they are likely interested in. e. Who are Starbucks" external auditors? Describe the two "opinion" letters that Starbucks received in j. Several notes to the financial statements refer to the use of "estimates." Which accounts on 2013. In your own words, what do these opinions mean? Why are both opinions dated several months Starbucks' balance sheet require estimates? List as many accounts as you can. Are any accounts after Starbucks" year-end? estimate-free? f.Useaspreadsheettoconstructcommon-sizeincomestatements(whichStarbuckscallsstatementsofAnalysis eamings) and balance sheets for 2013 and 2012 . Common-size income statements scale each income statement line item by total net revenues (sales). Common-size balance sheets are created by dividing each figure on a given year's balance sheet by that year's total assets, thereby creating a balance sheet on a "percent of assets" basis. You will use these common-size statements in answering several of the questions below. (Starbacks' investor relations website-investor.starbucks.com-contains a link to SEC filings. The company's Form 10K can be found under annual filings and contains an Excel spreadsheet with financial statement data that may be helpful in creating the common-size statements). g. Refer to Starbucks' balance sheet for fiscal 2013 (the year ended September 29, 2013)