Global Marketing

From modest beginnings 45 years ago in Seattle's Pike Street Market, Starbucks Corporation has become a global marketing phenomenon. Today, Starbucks is the world's leading specialty coffee retailer, with 2019 revenues of $26.51 billion. In the United States, nearly two-thirds of Starbucks outlets are company owned; the remaining one-third are operated by licensees. Outside the United States, the proportions are reversed: about two-thirds are run by licensees or partnerships in which Starbucks has equity stakes. Starbucks founder and chairman, Howard Schultz, and his management team have used a variety of market-entry approaches—direct ownership, licensing, and franchising—to create an empire of more than 21,000 coffee cafés in 65 countries. In addition, Schultz has licensed the Starbucks brand name to marketers of noncoffee products such as ice cream. The company has even made forays into movies and recorded music. (Source: Nasdaq, 2014)

Discuss the advantages and disadvantages of the modes of entry (direct ownership, licensing, partnership, and franchising) employed by Starbucks in different countries. For discussion purpose, select one country for each mode of entry. Please include the references with your answer.

Which of the following is a characteristic of a cytotoxic T cell?

Which of the following cells can be classified as a professional antigen presenting cell?

Which of the following destroys virus-infected cells?

What type of immunity results from recovery from mumps?

What type of immunity results from vaccination?

Question 10 options:

Which of the following items is nottaxable income of a New Zealand tax resident? why is correct and why are not correct? a)         Sale of a home that has been inhabited by the owner for 15 years and was not acquired with the intention of sale.

(b)       Wages from a part time job working in a bar.

(c)       Dividend income from an Australian listed company.

(d)       Sales proceeds from selling flowers in a florist shop.

Coronado Inc. manufactures cycling equipment. Recently, the vice president of operations of the company has requested construction of a new plant to meet the increasing demand for the company’s bikes. After a careful evaluation of the request, the board of directors has decided to raise funds for the new plant by issuing $3,492,700 of 10% term corporate bonds on March 1, 2020, due on March 1, 2035, with interest payable each March 1 and September 1, with the first interest payment on September 1st, 2020. At the time of issuance, the market interest rate for similar financial instruments is 8%.

As the controller of the company, determine the selling price of the bonds. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)

Glaus Leasing Company agrees to lease equipment to Jensen Corporation on January 1, 2020. The following information relates to the lease agreement.

b. Calculation for annual rental payment

d. Prepare the journal entries Jensen would make in 2020 and 2021 related to the lease arrangement

e. Prepare the journal entries Glaus would make in 2020 and 2021

The Cecil-Booker Vending Company changed its method of valuing inventory from the average cost method to the FIFO cost method at the beginning of 2021. At December 31, 2020, inventories were $111,000 (average cost basis) and were $115,000 a year earlier. Cecil-Booker’s accountants determined that the inventories would have totaled $137,000 at December 31, 2020, and $142,000 at December 31, 2019, if determined on a FIFO basis. A tax rate of 25% is in effect for all years.

One hundred thousand common shares were outstanding each year. Income from continuing operations was $310,000 in 2020 and $435,000 in 2021. There were no discontinued operations either year.

Required:
1. Prepare the journal entry at January 1, 2021, to record the change in accounting principle. (All tax effects should be reflected in the deferred tax liability account.)
2. Prepare the 2021–2020 comparative income statements beginning with income from continuing operations (adjusted for any revisions). Include per share amounts.

Crane Incorporated leases a piece of machinery to Blue Company on January 1, 2020, under the following terms.

Prepare the journal entries for Blue for the year 2020.

Suppose Blue did not guarantee any amount of the expected residual value. Prepare the journal entries for Blue for the year 2020.

Suppose Blue did not guarantee any amount of the expected residual value. Prepare the journal entries for Crane for the year 2020.

Brady Construction Company contracted to build an apartment complex for a price of $5,700,000. Construction began in 2018 and was completed in 2020. The following is a series of independent situations, numbered 1 through 6, involving differing costs for the project. All costs are stated in thousands of dollars.

Complete the following table. (Do not round intermediate calculations. Enter answers in dollars. Round your final answers to the nearest whole dollar. Negative amounts should be indicated by a minus sign.)

1.A pharmaceutical company is testing their new nicotine patch. They randomly assign 100 volunteers to use the patch and finding that 37 had quit smoking after 8 weeks. Compute the 96% confidence interval. You DO need to check CLT here.

2.For # 32 .In the United States, the population mean height for 3-year-old boys is 38 inches. Suppose a random sample of 30 non-U.S. 3-year-old boys showed a sample mean of 37.2 inches with a standard deviation of 3 inches. The boys were independently sampled. Assume that heights are Normally distributed in the population. Determine whether the population mean for non-U.S. boys is significantly different from the U.S. population mean. Use a significance level of 1%. assume that CLT applies.

The pharmaceutical company in #32 repeats their test, this time randomly assigning 125 volunteers to use the patch and finding that 49 had quit smoking after 8 weeks. Compute the 98% confidence interval, and use it to determine if you can support the company’s claim that over half of people on the patch quit smoking after 8 weeks. You do NOT need to check CLT here.