Question
Starbucks Corporation reported the following geographical segment revenues for a recent and a prior fiscal year: Recent Year (in millions, rounded) Prior Year (in millions,
Starbucks Corporation reported the following geographical segment revenues for a recent and a prior fiscal year: Recent Year (in millions, rounded) Prior Year (in millions, rounded) Americas $5,654 $4,857 China/Asia Pacific 2,396 1,130 Channel Development* 1,731 1,546 EMEA** 1,217 1,295 Other 1,342 1,020 Total $12,340 $9,848 *Sells packaged coffee and teas globally **Europe, Middle East, and Africa a. Prepare a horizontal analysis of the segment data using the prior year as the base year. Round all percents to one decimal place. Enter all amounts in millions. If required, use minus sign to indicate the decreasing values. Starbucks Corporation Horizontal Analysis Recent Year (in millions) Prior Year (in millions) Increase (Decrease) Amount Increase (Decrease) Percent Americas $5,654 $4,857 $fill in the blank dd75d70c9051fae_1 fill in the blank dd75d70c9051fae_2 % China/Asia Pacific 2,396 1,130 fill in the blank dd75d70c9051fae_3 fill in the blank dd75d70c9051fae_4 Channel Development 1,731 1,546 fill in the blank dd75d70c9051fae_5 fill in the blank dd75d70c9051fae_6 EMEA 1,217 1,295 fill in the blank dd75d70c9051fae_7 fill in the blank dd75d70c9051fae_8 Other 1,342 1,020 fill in the blank dd75d70c9051fae_9 fill in the blank dd75d70c9051fae_10 Total revenues $12,340 $9,848 $fill in the blank dd75d70c9051fae_11 fill in the blank dd75d70c9051fae_12 2)Financial Statements and Closing Entries The Gorman Group is a financial planning services firm owned and operated by Nicole Gorman. As of October 31, 20Y3, the end of the fiscal year, the accountant for The Gorman Group prepared an end-of-period spreadsheet, part of which follows: The Gorman Group End-of-Period Spreadsheet For the Year Ended October 31, 20Y3 Adjusted Trial Balance Account Title Dr. Cr. Cash 14,080 Accounts Receivable 30,660 Supplies 4,790 Prepaid Insurance 10,350 Land 109,000 Buildings 392,000 Accumulated Depreciation-Buildings 127,600 Equipment 283,000 Accumulated Depreciation-Equipment 166,200 Accounts Payable 36,260 Salaries Payable 3,590 Unearned Rent 1,630 Nicole Gorman, Capital 465,620 Nicole Gorman, Drawing 27,200 Service Fees 517,080 Rent Revenue 5,460 Salaries Expense 370,700 Depreciation ExpenseEquipment 20,100 Rent Expense 16,900 Supplies Expense 11,930 Utilities Expense 10,780 Depreciation ExpenseBuildings 7,190 Repairs Expense 5,940 Insurance Expense 3,260 Miscellaneous Expense 5,560 1,323,440 1,323,440
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