To see a practical effect on Starbucks financial statements, imagine one of the lowest profit margin

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To see a practical effect on Starbucks ’ financial statements, imagine one of the lowest profit margin refrigerated items is stolen once per day in every Starbucks store worldwide for an entire year. How much would that affect the Cost of Sales? How many more of those items would Starbucks have to sell to make up for the loss? (You need to know approximately how many Starbuck’s owned company stores there are worldwide. If you do not know, estimate it). Would it make a difference if LIFO, FIFO, or average inventory cost flow systems are used? If you believe so, briefly explain how.

Posted Date: Nov 23, 2021 10:51 PM

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To see a practical effect on Starbucks financial statements, imagine one of the lowest profit margin

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