Questions
Please construct 1 full page memo on Starbucks Co. Information must be relevant to the last...

Please construct 1 full page memo on Starbucks Co. Information must be relevant to the last 5 years. Please list the reference links used for conducting the research. Construct the memo answering the questions below.

  • An introduction in which you describe the company, their position in the industry, their history over the last five years, and why you are interested in researching the company.
  • A top level analysis of the company. Are they a job order or a process system company? What type of company are they? How are they organized relative to centralized or decentralized? What are the major drivers of their costs? How do they capture and measure their cost? Your analysis should include research using the web into publicly available articles, analyst reports, and blog sites. You will note these sources on your reference page.

In: Accounting

No matter what your business, to stay in business you have to attract and retain customers....

No matter what your business, to stay in business you have to attract and retain customers. How do you do that? One way is to deliver a quality product or service in a high-quality manner. In other words, it is a combination of what is offered and how it is offered that determines whether a buyer will become a loyal customer. Training is one way to make sure that employees’ technical skills and customer-service skills meet customer expectations. When making a business decision, two basic elements are typically considered: costs and benefits. In the case of training, the issues are: (1) how much does the training reduce costs? and (2) how much does the training increase revenues? If the training sufficiently reduces costs and/or increases revenues, then there is a strong business case to conduct the training. Your ability to identify the potential sources of revenue and costs and to estimate their levels can be an important business skill. It can be the basis by which you can successfully make the case for needed training for your employees.

1) Given your answers to the previous questions (1. How much does the training reduce cost? and 2) How much does the training increase revenues - no data necessary), estimate the combined impact on the bottom line of direct and indirect savings generated by training. Extrapolate this number over a one- or two-year time period.

2) As you have read, training can increase revenue. The revenue could come from increased quality of the customer experience due to the impact of training. Consider, as an example, the following table of customer survey responses before and after training. The number are percentages of customers in each satisfaction category six months before and six months after employees received their training. A key change is a reduction in the "Very dissatisfied-will never return" category of customers, which fel from 15 to 5 percent.

A) What will this 10-percent change mean to the bottom line? Assume that the avergae revenue renerated per month by a customer is $500. Also assume that you have 500 customers.

B) What is the increased revenue due to the training for the past six months?

C) What would be the revenue generated if you had 1,000 customers?

Very dissatisfied-will never return OK, but would return Satisfied- would return
before training 15 15 70
After training 5 15 80

3)  Make assumptions about the costs in each of these direct cost categories and any other direct costs you can think of. Also assume that you can expect a 10-percent reduction in each of these categories. Generate the direct cost savings estimate due to the training. Training can also impact the bottom line by reducing indirect costs. These are costs that may not be obvious, but that are still important. For example, the safety of work processes or equipment can be improved due to training if workers handle materials or equipment more safely. Employee turnover can also be reduced, because of improved job satisfaction due to the training.

4)Assume that training results in a 10-percent reduction in your turnover rate. Also, assume that the cost of a turnover is 1.5 times the departing employee’s salary. For a given average employee salary of your choosing, estimate the reduced costs due to the reduction in turnover.

In: Accounting

Is all of this correct? Journal Entries Cash 4000    Common Stock 4000 Cash 5000   ...

Is all of this correct?

Journal Entries

Cash 4000
   Common Stock 4000
Cash 5000
   Notes Payable 5000
Rent Expense 900
   Cash 900
Supplies 450
   Accounts Payable 450
Equipment 7200
   Cash 7200
Equipment 2850
   Cash 1350
   Accounts Payable 1500
Prepaid Advertising 375
Advertising Expense 125
   Cash 500
Insurance Expense 225
   Cash 225
Cash 2625
   Service Revenue 2625
Cash 5125
   Unearned Service Revenue 5125
Accounts Recievable 1500
   Service Revenue 1500
Accounts Payable 600
   Cash 600
Cash 1300
   Accounts Recievable 1300
Dividends 1000
   Cash

1000

Adjusting Entries and Closing Entries

ADJUSTING ENTRIES
A1 Interest Expense 42
   Interest Payable 42
A2 Supplies Expense 250
   Supplies 250
A3 Depreciation Expense 167
   Accumulated Depreciation-Equipment 167
A3b Depreciation Expense 40
   Accumulated Depreciation-Equipment 40
A4 Unearned Revenue 1000
   Service Revenue 1000
A5 Accounts Recievable 330
   Service Revenue 330
A6 Salaries and Wages Expense 2060
   Salaries and Wages Payable 2060
A7 Utility Expense 150
   Utilities Payable 150
A8 Income Tax Expense 167
   Income Tax Payable 167
CLOSING ENTRIES
C1 Service Revenue 5455
   Income Summary 5455
C2 Income Summary 4126
   Salaries and Wages Expense 2060
   Depreciation Expense 207
   Insurance Expense 225
   Utilities Expense 150
   Income Tax Expense 167
   Interest Expense 42
   Supplies Expense 250
   Rent Expense 900
   Advertising Expense 125
C3 Income Summary 1354
   Retained Earnings 1354
C4 Retained Earnings 1000
   Dividends 1000

Worksheet

JACKSON TUTORING SERVICES, INC. WORKSHEET 1/31/2018
Unadjusted Adjusted
Trial Balance Adjusting Entries Trial Balance Income Statement Balance Sheet
Account Title Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit
Cash         6,275             6,275             6,275
Supplies            450            250            200                200
Accounts Rec.            200            330            530            530
Prepaid Advertising            375                375            375
Equipment      10,050      10,050      10,050
Accum. Depr.            207            207            207
Notes Payable         5,000         5,000         5,000
Interest Payable               42               42               42
Unearned Revenue         5,125         1,000         4,125         4,125
Accounts Payable         1,350         1,350         1,350
Utilities Payable            150            150            150
Inc. Taxes Payable            167            167            167
Sal. & Wages Pay.         2,060         2,060         2,060
Common Stock         4,000         4,000         4,000
Dividends         1,000                 1,000        
Retained Earnings                            329
Service Revenue             4,125             1,330             5,455             5,455    
Sal. & Wages Exp.         2,060         2,060         2,060
Depr. Exp.            207            207            207
Insurance Expense            225            225            225
Utilities Expense            150            150            150
Income Tax Exp.            167            167            167
Interest Exp.               42               42               42
Suppies Expense            250            250            250
Rent Expense            900            900            900
Advertising Exp.            125            125            125
     19,600      19,600         4,206         4,206      22,556      22,556         4,126         5,455      17,430      17,430
                                     1,329        

Post Closing Trial Balance

JACKSON TUTORING SERVICES, INC.
Post-Closing Trial Balance
31-Jan-18
Account Title Debit Credit
Cash $6,275
Equipment 10050
Supplies 200
Prepaid Advertising 375
Accounts Recievable 530
Accumulated Depreciation 207
Accounts Payable 1350
Notes Payable 5000
Interest Payable 42
Salaries and Wages Payable 2060
Income Tax Payable 167
Utilities Payable 150
Unearned Revenue 4125
Common Stock 4000
Retained Earnings $329
$17,430 $17,430
    Totals

These are the journal entries and the adjusting journal entries

Issued common stock in exchange for $4,000 cash.
Borrowed $5,000 by issuing a 2-year, 10% note payable to SunTrust Bank.
Paid $900 for January rent.
Purchased supplies on account for $450 from Traveler's Supply Company.
Purchased equipment for $7,200 cash from DSI Computer Company. The equipment has a 3 year life and a $1,200 salvage value.
Purchased additional equipment from Bebo's Office Supply Co., paying cash of $1,350 and putting $1,500 on account. The equipment has a 5 year life and $450 salvage value.
Paid $125 for advertisements to run in the current month and $375 for ads to run in February-April.
Paid the January insurance premium of $225.
Performed services for $2,625 cash.
Received cash advance of $5,125 for services to be performed on a 5- month contract beginning in January.
Performed services and billed customers $1,500.
Made a $600 payment on account to Traveler's Office Supply Company .
Collected $1,300 from customers on account.
Declared and paid dividends of $1,000 cash.
Journalize transactions 1-14 on page 1 of the general journal. Label the entries 1-14.
Post the journal entries to the ledger t-accounts using Excel formulas. Include the journal entry number as a posting reference.
Prepare a worksheet formatting the cells in Excel and using the following information:
1 Accrue interest expense on the note assuming that the date of the loan was January 2 (use 30/360 and round to the nearest dollar).
2 Supplies on hand at January 31 total $200.
3 Assume that all of the equipment was purchased at the beginning of January. Record January depreciation expense using the straight-line method (round to the nearest dollar).
4 The cash advance is earned ratably over the 5-month period.
5 The company has earned $330 of revenue that has not yet been billed to customers.
6 Jackson pays its employees on the first of every month. Salaries earned during the month of January total $2,060.
7 On January 29, Jackson received the current month's utility bill for $150. The bill is due on February 16.
8 Jackson estimates that the company will pay an income tax rate of 11%.

In: Accounting

Please prepare a trial balance using the information given. You have been hired as an accountant...

Please prepare a trial balance using the information given.

You have been hired as an accountant for NFT Consulting Inc. This business was created when some friends decided to make use of their newly minted college degrees and go into business together. The business was created on November 1, 2017. The company will have a fiscal year end of October 31st.   The initial formation transactions and early purchases for NFT Consulting Inc. resulted in the balances that are included in the first 2 columns of the Worksheet. (see the worksheet tab)

During November, the first month of operations, the following transactions occurred:
Date Event
1-Nov Paid $7,200 for 12 months rent on office space
2-Nov Purchased office furniture for $8,950.  
3-Nov Purchased $11,354 of additional office supplies on account.
8-Nov Borrowed 20,000 from the bank for operating cash. The note has a 3% interest rate (simple interest) and is to be paid back in 4 years
15-Nov Received $10,800 from Fortuna Inc. for work to be performed over the next 12 months.
20-Nov Paid $1,560 for utilities.
21-Nov Performed services for various customers for $13,200 cash and another $18,100 on account.  
25-Nov Paid $8,650 for purchases of supplies previously made on account.
27-Nov Paid salaries to employees totaling $5,200 for 1 week.
30-Nov Collected $12,300 as payment for amounts previously billed.
30-Nov Dividends of $3,000 were declared and paid.
At the end of November, the following additional information is available to help determine what adjustments are needed:
30-Nov One month of the prepaid rent has been used up
30-Nov Supplies on hand are $8,150.
30-Nov One month of interest has accrued on the note payable for the bank loan.
30-Nov One month of the services for the Fortuna Inc. has been performed (see above).
30-Nov Salaries of $5,200 are paid every Friday (for a 5 day work week). November 30, 2017 was a Thursday.
30-Nov Additional work for customers of $9,580 has been performed during the last week of November but not yet billed
30-Nov Depreciation expense for the computer equipment is $140 and for the office furniture is $120
Worksheet - NFT Consulting Inc
BEGINNING NUMBERS November ENTRIES UNADJUSTED TRIAL BALANCE ADJUSTMENTS ADJUSTED TRIAL BALANCE
ACCOUNT DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT
Cash         221,400
Accounts Receivable
Supplies             8,650
Prepaid Rent
Land           40,000
Computer Equipment           38,600
Accumulated Depreciation, Comp Equip
Office Furniture
Accumulated Depreciation, Off Furn
Accounts Payable             8,650
Salaries Payable
Interest Payable
Unearned Revenue
Long-term Notes Payable
Common Stock         300,000
Retained Earnings
Dividends
Service Revenue
Salaries Expense
Rent Expense
Supplies Expense
Maintenance Expense
Utilities Expense
Interest Expense
Depreciation Expense, Comp Equip
Depreciation Expense, Office Furniture
        308,650         308,650

In: Accounting

The firm, competing in a very highly competitive market, is manufacturing and selling headphones. The firm’s...

The firm, competing in a very highly competitive market, is manufacturing and selling headphones. The firm’s total revenue and cost functions are:

Rq=q3+14q2+35q+40

Cq=13q3+20q2+19q+15

  1. How many headphones must the firm manufacture and sell to maximize profits?
  2. What will be the price the firm must charge to its customers to maximize profits?
  3. What will be the average revenue generated for each unit sold and what will be the average cost of producing a headphone?

In: Economics

Alternative Inventory Methods Frate Company was formed on December 1, 2018, and uses the periodic inventory...

Alternative Inventory Methods

Frate Company was formed on December 1, 2018, and uses the periodic inventory system. The following information is available from Frate's inventory records for Product Ply:

Units Unit Cost
January 1, 2019 (beginning inventory) 4,400 $5.00
Purchases:
      January 6, 2019 5,100 6.00
      January 25, 2019 4,800 6.50
      February 17, 2019 4,200 7.00
      March 27, 2019 4,500 7.50

A physical inventory on March 31, 2019, shows 8,800 units on hand.

Required:

Prepare schedules to compute the ending inventory at March 31, 2019, under each of the following inventory methods.

1. FIFO

FRATE COMPANY
Computation of Inventory Under FIFO Inventory Method
March 31, 2019
Units Unit cost Total cost
March 27, 2019
February 17, 2019
January 25, 2019 (portion)
March 31, 2019 inventory

2. LIFO

FRATE COMPANY
Computation of Inventory Under LIFO Inventory Method
March 31, 2019
Units Unit cost Total cost
Beginning inventory
January 6, 2019 (portion)
March 31, 2019 inventory

3. Weighted average

FRATE COMPANY
Computation of Inventory Under Weighted Average Inventory Method
March 31, 2019
Units Unit cost Total cost
Beginning inventory
January 6, 2019
January 25, 2019
February 17, 2019
March 27, 2019
Total
Weighted average cost
March 31, 2019 inventory

In: Accounting

Suppose a marketing company wants to determine the current proportion of customers who click on ads...

Suppose a marketing company wants to determine the current proportion of customers who click on ads on their smartphones. It was estimated that the current proportion of customers who click on ads on their smartphones is 0.65. How many customers should the company survey in order to be 94% confident that the margin of error is 0.22 for the confidence interval of true proportion of customers who click on ads on their smartphones? Answer: (Round up your answer to nearest whole number,do not include any decimals)   

In: Statistics and Probability

Problem 9-5A (Part Level Submission) At December 31, 2015, Grand Company reported the following as plant...

Problem 9-5A (Part Level Submission) At December 31, 2015, Grand Company reported the following as plant assets. Land $4,147,000 Buildings $27,842,000 Less: Accumulated depreciation—buildings 10,769,000 17,073,000 Equipment 48,828,000 Less: Accumulated depreciation—equipment 5,126,000 43,702,000 Total plant assets $64,922,000 During 2016, the following selected cash transactions occurred. April 1 Purchased land for $2,195,000. May 1 Sold equipment that cost $786,000 when purchased on January 1, 2012. The equipment was sold for $471,600. June 1 Sold land purchased on June 1, 2006 for $1,456,000. The land cost $391,000. July 1 Purchased equipment for $2,309,000. Dec. 31 Retired equipment that cost $484,000 when purchased on December 31, 2006. No salvage value was received. Collapse question part (a) Journalize the above transactions. The company uses straight-line depreciation for buildings and equipment. The buildings are estimated to have a 50-year life and no salvage value. The equipment is estimated to have a 10-year useful life and no salvage value. Update depreciation on assets disposed of at the time of sale or retirement. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

In: Accounting

A cloud computing provider has 475 customers and a farm of 250 compute servers each having...

A cloud computing provider has 475 customers and a farm of 250 compute servers each having 4 cores. The company statistics indicate that at the peak hour the workload requirements of its customers are such that each requires {0,1,2,3,4} cores with uniform probability. Use the approximation based on Central Limit Theorem to answer the following questions.

1. Compute the outage probability, i.e., the probability that there are not a sufficient number of cores to meet customers demands.

2. The company decides to offer its customers a new super fast service which would speed up their quality of service by automatically doubling the number of cores allocated to each customer. Each customer would thus be allocated {0,2,4,6,8} cores with uniform probability. How many extra (4 core) machines should you need to buy in order support new service while maintaining the same outage probability ?

3. The server vendor is quite happy to sell you the number of 4 core servers determined in the previous question, but offers you a great deal on the same number of 8 core servers. If you purchased the same number of servers but now with 8 cores, how many super fast customers could you support same outage probability?

In: Statistics and Probability

Crane Clark opened Crane’s Cleaning Service on July 1, 2020. During July, the following transactions were...


Crane Clark opened Crane’s Cleaning Service on July 1, 2020. During July, the following transactions were completed.

July 1 Crane invested $19,900 cash in the business.
1 Purchased used truck for $8,800, paying $3,900 cash and the balance on account.
3 Purchased cleaning supplies for $2,000 on account.
5 Paid $1,800 cash on 1-year insurance policy effective July 1.
12 Billed customers $4,500 for cleaning services.
18 Paid $1,600 cash on amount owed on truck and $1,500 on amount owed on cleaning supplies.
20 Paid $2,500 cash for employee salaries.
21 Collected $3,400 cash from customers billed on July 12.
25 Billed customers $6,000 for cleaning services.
31 Paid $350 for the monthly gasoline bill for the truck.
31

Withdraw $5,600 cash for personal use.


Prepare a trial balance at July 31 on a worksheet. Enter the following adjustments on the worksheet and complete the worksheet.

(1) Unbilled and uncollected revenue for services performed at July 31 were $2,700.
(2) Depreciation on equipment for the month was $500.
(3) One-twelfth of the insurance expired.
(4) An inventory count shows $600 of cleaning supplies on hand at July 31.
(5) Accrued but unpaid employee salaries were $1,010.

In: Accounting