Question
Please find Starbucks Corporations 2017 Annual Report (Form 10-K) and answer the following questions by looking at the Notes to Consolidated Financial Statements. 1. Explain
Please find Starbucks Corporations 2017 Annual Report (Form 10-K) and answer the following questions by looking at the Notes to Consolidated Financial Statements.
1. Explain why actual fiscal year end date for 2017 is October 1, 2017
2. What do short-term and long-term investments primary consist of? What are they classified as?
3. What is the allowance for doubtful accounts as of October 1, 2017 and October 2, 2016? How is this number calculated?
4. How is depreciation computed for Property, Plant and Equipment (what is general life)? How is Leasehold Improvements amortization computed?
5. How does Starbucks report Stored Value Cards on the Consolidated Financial Statements? Tell me how the amount is treated when a customer loads the card with funds. What happens when the customer uses the funds? Explain to me what is breakage income? What was the amount of breakage income reported in fiscal 2017, 2016, and 2015?
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