Cash Flow statement: The Cash flow statement shows the movement of cash during a particular period. The Cash flows are categorized into three categories as follows: Cash flows from operating activities Cash Flows from investing activities Cash flows from financing activities (Note: Cash flows from operating activities can be prepared using direct or indirect method) Requirement-1: To identify: The method of cash flows from operating activities used by Starbucks in its 2013 annual report

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Answer 1

Question

Chapter 16, Problem 16.1FSC

To determine

Concept Introduction:

Cash Flow statement: The Cash flow statement shows the movement of cash during a particular period. The Cash flows are categorized into three categories as follows:

Cash flows from operating activities

Cash Flows from investing activities

Cash flows from financing activities

(Note: Cash flows from operating activities can be prepared using direct or indirect method)

Requirement-1:

To identify: The method of cash flows from operating activities used by Starbucks in its 2013 annual report

To determine

Requirement-2:

To identify: The net cash used or provided by operating activities of the cash flow of Starbucks for the year 2013 and its comparison with the year 2012

To determine

Requirement-3:

To identify: The Dividend paid by Starbucks for the year ended September 29, 2013

To determine

Requirement-4:

To identify: The Cash used by Starbucks for purchase of property, plant and equipment in the year ended September 29, 2013

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Recently, Abercrombie & Fitch has been implementing a turnaround strategy since its sales had been falling for the past few years (11% decrease in 2014, 8% in 2015, and just 3% in 2016.) One part of Abercrombie's new strategy has been to abandon its logo-adorned merchandise, replacing it with a subtler look. Abercrombie wrote down $20.6 million of inventory, including logo-adorned merchandise, during the year ending January 30, 2016. Some of this inventory dated back to late 2013. The write-down was net of the amount it would be able to recover selling the inventory at a discount. The write-down is significant; Abercrombie's reported net income after this write-down was $35.6 million. Interestingly, Abercrombie excluded the inventory write-down from its non-GAAP income measures presented to investors; GAAP earnings were also included in the same report. Question: What impact would the write-down of inventory have had on Abercrombie's expenses, Gross margin, and Net income?

Recently, Abercrombie & Fitch has been implementing a turnaround strategy since its sales had been falling for the past few years (11% decrease in 2014, 8% in 2015, and just 3% in 2016.) One part of Abercrombie's new strategy has been to abandon its logo-adorned merchandise, replacing it with a subtler look. Abercrombie wrote down $20.6 million of inventory, including logo-adorned merchandise, during the year ending January 30, 2016. Some of this inventory dated back to late 2013. The write-down was net of the amount it would be able to recover selling the inventory at a discount. The write-down is significant; Abercrombie's reported net income after this write-down was $35.6 million. Interestingly, Abercrombie excluded the inventory write-down from its non-GAAP income measures presented to investors; GAAP earnings were also included in the same report. Question: What impact would the write-down of inventory have had on Abercrombie's assets, Liabilities, and Equity?

Answer 2

Question

Chapter 16, Problem 16.1FSC

To determine

Concept Introduction:

Cash Flow statement: The Cash flow statement shows the movement of cash during a particular period. The Cash flows are categorized into three categories as follows:

Cash flows from operating activities

Cash Flows from investing activities

Cash flows from financing activities

(Note: Cash flows from operating activities can be prepared using direct or indirect method)

Requirement-1:

To identify: The method of cash flows from operating activities used by Starbucks in its 2013 annual report

To determine

Requirement-2:

To identify: The net cash used or provided by operating activities of the cash flow of Starbucks for the year 2013 and its comparison with the year 2012

To determine

Requirement-3:

To identify: The Dividend paid by Starbucks for the year ended September 29, 2013

To determine

Requirement-4:

To identify: The Cash used by Starbucks for purchase of property, plant and equipment in the year ended September 29, 2013

Expert Solution & Answer

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See solution

Answer 3

Question

Chapter 16, Problem 16.1FSC

To determine

Concept Introduction:

Cash Flow statement: The Cash flow statement shows the movement of cash during a particular period. The Cash flows are categorized into three categories as follows:

Cash flows from operating activities

Cash Flows from investing activities

Cash flows from financing activities

(Note: Cash flows from operating activities can be prepared using direct or indirect method)

Requirement-1:

To identify: The method of cash flows from operating activities used by Starbucks in its 2013 annual report

To determine

Requirement-2:

To identify: The net cash used or provided by operating activities of the cash flow of Starbucks for the year 2013 and its comparison with the year 2012

To determine

Requirement-3:

To identify: The Dividend paid by Starbucks for the year ended September 29, 2013

To determine

Requirement-4:

To identify: The Cash used by Starbucks for purchase of property, plant and equipment in the year ended September 29, 2013

Expert Solution & Answer

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Answer 4

Question

Chapter 16, Problem 16.1FSC

To determine

Concept Introduction:

Cash Flow statement: The Cash flow statement shows the movement of cash during a particular period. The Cash flows are categorized into three categories as follows:

Cash flows from operating activities

Cash Flows from investing activities

Cash flows from financing activities

(Note: Cash flows from operating activities can be prepared using direct or indirect method)

Requirement-1:

To identify: The method of cash flows from operating activities used by Starbucks in its 2013 annual report

To determine

Requirement-2:

To identify: The net cash used or provided by operating activities of the cash flow of Starbucks for the year 2013 and its comparison with the year 2012

To determine

Requirement-3:

To identify: The Dividend paid by Starbucks for the year ended September 29, 2013

To determine

Requirement-4:

To identify: The Cash used by Starbucks for purchase of property, plant and equipment in the year ended September 29, 2013

Expert Solution & Answer

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Answer 5

Chapter 16, Problem 16.1FSC

To determine

Concept Introduction:

Cash Flow statement: The Cash flow statement shows the movement of cash during a particular period. The Cash flows are categorized into three categories as follows:

Cash flows from operating activities

Cash Flows from investing activities

Cash flows from financing activities

(Note: Cash flows from operating activities can be prepared using direct or indirect method)

Requirement-1:

To identify: The method of cash flows from operating activities used by Starbucks in its 2013 annual report

To determine

Requirement-2:

To identify: The net cash used or provided by operating activities of the cash flow of Starbucks for the year 2013 and its comparison with the year 2012

To determine

Requirement-3:

To identify: The Dividend paid by Starbucks for the year ended September 29, 2013

To determine

Requirement-4:

To identify: The Cash used by Starbucks for purchase of property, plant and equipment in the year ended September 29, 2013

Answer 6

Chapter 16, Problem 16.1FSC

To determine

Concept Introduction:

Cash Flow statement: The Cash flow statement shows the movement of cash during a particular period. The Cash flows are categorized into three categories as follows:

Cash flows from operating activities

Cash Flows from investing activities

Cash flows from financing activities

(Note: Cash flows from operating activities can be prepared using direct or indirect method)

Requirement-1:

To identify: The method of cash flows from operating activities used by Starbucks in its 2013 annual report

Answer 7

Chapter 16, Problem 16.1FSC

To determine

Concept Introduction:

Cash Flow statement: The Cash flow statement shows the movement of cash during a particular period. The Cash flows are categorized into three categories as follows:

Cash flows from operating activities

Cash Flows from investing activities

Cash flows from financing activities

(Note: Cash flows from operating activities can be prepared using direct or indirect method)

Requirement-1:

To identify: The method of cash flows from operating activities used by Starbucks in its 2013 annual report

Answer 8

To determine

Requirement-2:

To identify: The net cash used or provided by operating activities of the cash flow of Starbucks for the year 2013 and its comparison with the year 2012

Answer 9

To determine

Requirement-2:

To identify: The net cash used or provided by operating activities of the cash flow of Starbucks for the year 2013 and its comparison with the year 2012

Answer 10

To determine

Requirement-3:

To identify: The Dividend paid by Starbucks for the year ended September 29, 2013

Answer 11

To determine

Requirement-3:

To identify: The Dividend paid by Starbucks for the year ended September 29, 2013

Answer 12

To determine

Requirement-4:

To identify: The Cash used by Starbucks for purchase of property, plant and equipment in the year ended September 29, 2013

Answer 13

To determine

Requirement-4:

To identify: The Cash used by Starbucks for purchase of property, plant and equipment in the year ended September 29, 2013

Answer 14

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Answer 15

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Answer 16

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Answer 17

Ch. 16 - Prob. 1QC Ch. 16 - Prob. 2QC Ch. 16 - Prob. 3QC Ch. 16 - Prob. 4QC Ch. 16 - Prob. 5QC Ch. 16 - The Plant Assets account and Accumulated...Ch. 16 - Mountain Water Corp issued common stock of $28,000...Ch. 16 - Prob. 8QC Ch. 16 - Maxwell Furniture Center had accounts receivable...Ch. 16 - Prob. 10BQC

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Requirement-2:

To identify: The net cash used or provided by operating activities of the cash flow of Starbucks for the year 2013 and its comparison with the year 2012

Requirement-3:

To identify: The Dividend paid by Starbucks for the year ended September 29, 2013

Requirement-4:

To identify: The Cash used by Starbucks for purchase of property, plant and equipment in the year ended September 29, 2013

Want to see the full answer?

Chapter 16 Solutions

Videos

Requirement-2: To identify: The net cash used or provided by operating activities of the cash flow of Starbucks for the year 2013 and its comparison with the year 2012

Requirement-3: To identify: The Dividend paid by Starbucks for the year ended September 29, 2013

Requirement-4: To identify: The Cash used by Starbucks for purchase of property, plant and equipment in the year ended September 29, 2013

Want to see the full answer?

Chapter 16 Solutions

Requirement-2:

To identify: The net cash used or provided by operating activities of the cash flow of Starbucks for the year 2013 and its comparison with the year 2012

Requirement-3:

To identify: The Dividend paid by Starbucks for the year ended September 29, 2013

Requirement-4:

To identify: The Cash used by Starbucks for purchase of property, plant and equipment in the year ended September 29, 2013