Question
Walk into any one of over 100 Altar'd States boutiques and it is abundantly clear that the clothing and accessories retailer is focused on more
Walk into any one of over 100 Altar'd States boutiques and it is abundantly clear that the clothing and accessories retailer is focused on more than mere profits. There are photographs in the stores of associates volunteer efforts in educational services, school uniforms, nutritious lunches, and psychological care for children. The company's websites features videos highlighting charitable work, articles on Mission trips and conversations with associates who donate 4 volunteer hours a month.
Mission Monday program gives 10% of all net proceeds to local charitable organizations that feed the hungry, help the sick, and rescue pets among other outreach.
Financially all of the following statements are interpretations of how this set of principles have financial implications except:
1-the cost of goods sold includes costs related to the mission work
2-expenses are tracked and reported as Selling, General and Administrative expenses
3-revenues can be increased as shoppers embrace the experiences in their shopping moods
4-company investment in technology could aid their productivity efforts to run the business without disruption of these programs and associate commitments
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