Answer ALL the following questions about Starbucks Corporation: use the 10K / An
ID: 2473608 • Letter: A
Question
Answer ALL the following questions about Starbucks Corporation: use the 10K / Annual Report below to assist with those questions that are applicable
(10K report) http://investor.starbucks.com/phoenix.zhtml?c=99518&p=irol-reportsAnnual
Required:
E) Where is the company located?
F) What other people/companies are closely associated with this company?
G) Look at the annual report:
i. What image does it intend to convey?
ii. What are the segments and functional contents of the report?
H) If the annual report is the 10-k report, explain why you think the company uses the 10-k instead of an annual report. Compare to at least one other competitor's annual report. Do they also use the 10-k?
I) Obtain outside information about the company and its industry; what are the key economic factors about the industry?
Explanation / Answer
Question: Where is the company located?
State of incorporation of Starbucks Corporation is Washington and its specifically situated at 2401 Utah Avenue South, Seattle, Washington 98134.
Question: What other people/companies are closely associated with this company?
Name
Designation
Howard Schultz
chairman and chief executive officer
Scott Maw
executive vice president, chief financial officer
(principal financial officer and principal accounting officer)
William W. Bradley
Director
Robert M. Gates
Director
Mellody Hobson
Director
Kevin R. Johnson
Director
Olden Lee
Director
Joshua Cooper Ramo
Director
James G. Shennan, Jr.
Director
Clara Shih
Director
Javier G. Teruel
Director
Myron E. Ullman, III
Director
Craig E. Weatherup
Director
G) Look at the annual report:
Question: i. What image does it intend to convey?
Best thing to know the image of an entity is to refer the Report if Independent Registered Public Accountant Firm. Their report convey that financial
statements contributed $1.6 billion, $1.1 billion, and $159.1 million to the consolidated entity’s total assets, net revenues and operating income, respectively, as of and for the year ended September 27, 2015. In their opinion, he Company maintained, in all material respects, effective internal control over financial reporting as of
September 27, 2015, based on the criteria established in Internal Control - Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission.
Since the Certified Public Accountant have provided the unqualified opinion on the financial statement of the Company, its position is satisfactory.
Question: ii. What are the segments and functional contents of the report?
Answer: Segment and functional content of the report are as follows:
There are 4 segments which are divided in 15 Items. Segment are shown as Part I, Part II, Part III and Part IV and their 15 subparts are shown as Item 1, Item 2, Item 3,……………………….. Item 15.
List is given below:
Part I
Item 1: Business
Item 1A: Risk Factors
Item 1B: Unresolved Staff Comments
Item 2: Properties
Item 3: Legal Proceedings
Item 4: Mine Safety Disclosures
Part II
Item 5: Market for the Registrant’s Common Equity, Related Shareholder Matters and Issuer Purchases of
Equity Securities
Item 6: Selected Financial Data
Item 7: Management’s Discussion and Analysis of Financial Condition and Results of Operations
Item 7A: Quantitative and Qualitative Disclosures About Market Risk
Item 8: Financial Statements and Supplementary Data
Index For Notes to Consolidated Financial Statements
Report of Independent Registered Public Accounting Firm
Item 9: Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
Item 9A: Controls and Procedures
Item 9B Other Information
Part III
Item 10: Directors, Executive Officers and Corporate Governance
Item 11: Executive Compensation
Item 12: Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters
Item 13: Certain Relationships and Related Transactions, and Director Independence
Item 14: Principal Accounting Fees and Services
Part IV
Item 15 Exhibits, Financial Statement Schedules
Question: If the annual report is the 10-k report, explain why you think the company uses the 10-k instead of an annual report. Compare to at least one other competitor's annual report. Do they also use the 10-k?
Answer: Company uses 10-K because of following reasons:
Its competitors are McDonald's Corp., Yum! Brands, Inc. and Darden Restaurants, Inc. which are also using 10-K.
Question: Obtain outside information about the company and its industry; what are the key economic factors about the industry?
Answer: Economic factors are as follows:
Name
Designation
Howard Schultz
chairman and chief executive officer
Scott Maw
executive vice president, chief financial officer
(principal financial officer and principal accounting officer)
William W. Bradley
Director
Robert M. Gates
Director
Mellody Hobson
Director
Kevin R. Johnson
Director
Olden Lee
Director
Joshua Cooper Ramo
Director
James G. Shennan, Jr.
Director
Clara Shih
Director
Javier G. Teruel
Director
Myron E. Ullman, III
Director
Craig E. Weatherup
Director
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