In its recent annual report and related Global Responsibility Report, Starbucks provides information on company performance on several dimensions. Indicate whether the following items best fit into the financial (label your answer “Profit”), social (label your answer “People”), or environmental (label your answer “Planet”) aspects of triple bottom line reporting. 1. Sales revenue totaled $22.4 billion. 2. 99% of coffee was purchased from suppliers certified for responsible farming and ethics. 3. Reduced water consumption. 4. Net income totaled $2.9 billion. 5. Increased purchases of energy from renewable sources. 6. Stopped working with factories that had poor working conditions.

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter12: Balanced Scorecard And Other Performance Measures
Section: Chapter Questions
Problem 3EB: Identify the type of responsibility center (revenue center, cost center, profit center, or...
icon
Related questions
Question

In its recent annual report and related Global Responsibility Report, Starbucks provides information on
company performance on several dimensions. Indicate whether the following items best fit into the financial
(label your answer “Profit”), social (label your answer “People”), or environmental (label your answer
“Planet”) aspects of triple bottom line reporting.
1. Sales revenue totaled $22.4 billion.
2. 99% of coffee was purchased from suppliers certified for responsible farming and ethics.
3. Reduced water consumption.
4. Net income totaled $2.9 billion.
5. Increased purchases of energy from renewable sources.
6. Stopped working with factories that had poor working conditions.

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Corporate social responsibility (CSR) activities
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Principles of Cost Accounting
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Cornerstones of Cost Management (Cornerstones Ser…
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning