What Should Decision-makers Know So That Good Decisions Can Be Made about an Organization?

 

assets, liabilities, revenues, and expenses.

We will explore these items further by examining the financial statements of Starbucks. You can access their financial statements by visiting Starbuck's Financial Data https://investor.starbucks.com/financial-data/annual-reports/default.aspx

You will need to select the FY 2022 Annual Report and scroll down to page 41. (Be sure you are using 2022!)

2. The first page contains a statement showing the revenues and expenses for the year. What is this statement called?
4. What was Starbucks' total net revenue for the year?
6. Based on your understanding of Chapter 2 "What Should Decision-makers Know So That Good Decisions Can Be Made about an Organization?", can you say that this revenue number reported is the exact revenue earned by Starbucks in fiscal 2022? If not, what can you say about this revenue number?
8. List two operating expenses reported by Starbucks.
10. The statement on page 43 reports Starbucks' assets and liabilities. What is this statement called?
12. Name two assets and two liabilities reported by Starbucks.
14. What are Total Assets ($)?
16. What is the Deferred Revenue ($)?