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You are working part-time at Starbucks while you are taking an introductory accounting course. You have learned that accounting information is useful to many users.
You are working part-time at Starbucks while you are taking an introductory accounting course. You have learned that accounting information is useful to many users. Identify external and internal users for Starbucks' financial information. For each user, select what decisions accounting information can help them make specific to Starbucks. (Leave no cells blank.) External Users Decisions How is Starbucks' performance? What changes should we make in the coming year? Do we have enough money to operate in the short and long term? B Finance / Management Should we provide a loan to Starbucks? Will Starbucks be able to repay the loan? Should we take any assets as collateral? Supplier Will Starbucks be able to pay my wages? Should I participate in the stock option plan? If I have stock options, when should I exercise them? Will the company be here to serve me in the long-run? Wil Starbucks continue to honour their loyalty program? Does Starbucks represent ethical/socially responsible practices that suppliers want to align their image with Internal Users Decisions 6 of 13
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