10-k Assignment
The difference between a calendar year and a fiscal year is that a fiscal year is determined by a company's business cycle, whereas a calendar year is January through December. Starbucks, choose a 52- week fiscal year because it enables them to provide financial reports over periods lengths. Likewise, GMCR operates on a 52 week fiscal year in order to show sales and progress over lengths of time. It is stated on their SEC file including the balance sheet that they have a 52 week week fiscal cycle and the cycle ends at the end of September.
Green Coffee is special because the beans are obtained by traveling to different countries and tasting them on site to ensure it is the best quality. Nonetheless, 26% were made from fair …show more content…
From 2012 to 2013 GMRC saw a $66,444 increase in total comprehensive income. The only thing I would note is that their unrealized losses continue to climb more and more each year.
When comparing 2012 to 2013 balance sheet Green Mountain Coffee Roasters showed an increase in total assets as well as increase in total liabilities and equity. To be specific they increase their current assets about 15%, while their current liabilities increased by $77,067. In essence, the company overall is making a profit and continuing to grow. On a good note the company significantly paid off it’s long term debt it owed.
When observing the 10k from 2012 we observed the financial statement because it would show progress over the years. GMCR has done better year to year, and it has had an increase in sales by roughly 1,000,000 every year. Moreover, this shows that GMCR is a going concern because it is a company that is foreseeable to operate in the near future. We also thought it would be interesting to observe the risk factors and see if any of them seemed odd and unexpected. We noticed that most of the single cup brewers are manufactured by a single manufacturer in China. This seems like a big risk because this manufacturer has a lot of risk on its own and faces many possible liabilities. It is risky to heavily rely on someone else especially with a company this …show more content…
At the end of the 2015 Green Mountain Coffee Roaster introduced the launch of Keurig® Kold™ beverage system on a limited basis beginning in late September 2015 The company said it “ believed the Keurig® Kold™ beverage system shares the same elements as the Keurig® hot beverage system: quality, convenience, choice and simplicity”.
A employment class action lawsuit was filed on July 14, 2015. The employee Alvaro Sanchez alleges the company failed to pay proper wages and provide certain banks to non-exempt employees of the company’s preceding plant located in Castroville, CA. Alvaro seeks damages in attorney fee’s, alleged damages and punitive damages. In November of 2014, Green Mountain Coffee Roaster informed the US Consumer Product Safety Commission and Health Canada that it identified a potential issues involving certain Keurig Mini Plus where on very rare occassion, hot liquid could escape the
The difference between a calendar year and a fiscal year is that a fiscal year is determined by a company's business cycle, whereas a calendar year is January through December. Starbucks, choose a 52- week fiscal year because it enables them to provide financial reports over periods lengths. Likewise, GMCR operates on a 52 week fiscal year in order to show sales and progress over lengths of time. It is stated on their SEC file including the balance sheet that they have a 52 week week fiscal cycle and the cycle ends at the end of September.
Green Coffee is special because the beans are obtained by traveling to different countries and tasting them on site to ensure it is the best quality. Nonetheless, 26% were made from fair …show more content…
From 2012 to 2013 GMRC saw a $66,444 increase in total comprehensive income. The only thing I would note is that their unrealized losses continue to climb more and more each year.
When comparing 2012 to 2013 balance sheet Green Mountain Coffee Roasters showed an increase in total assets as well as increase in total liabilities and equity. To be specific they increase their current assets about 15%, while their current liabilities increased by $77,067. In essence, the company overall is making a profit and continuing to grow. On a good note the company significantly paid off it’s long term debt it owed.
When observing the 10k from 2012 we observed the financial statement because it would show progress over the years. GMCR has done better year to year, and it has had an increase in sales by roughly 1,000,000 every year. Moreover, this shows that GMCR is a going concern because it is a company that is foreseeable to operate in the near future. We also thought it would be interesting to observe the risk factors and see if any of them seemed odd and unexpected. We noticed that most of the single cup brewers are manufactured by a single manufacturer in China. This seems like a big risk because this manufacturer has a lot of risk on its own and faces many possible liabilities. It is risky to heavily rely on someone else especially with a company this …show more content…
At the end of the 2015 Green Mountain Coffee Roaster introduced the launch of Keurig® Kold™ beverage system on a limited basis beginning in late September 2015 The company said it “ believed the Keurig® Kold™ beverage system shares the same elements as the Keurig® hot beverage system: quality, convenience, choice and simplicity”.
A employment class action lawsuit was filed on July 14, 2015. The employee Alvaro Sanchez alleges the company failed to pay proper wages and provide certain banks to non-exempt employees of the company’s preceding plant located in Castroville, CA. Alvaro seeks damages in attorney fee’s, alleged damages and punitive damages. In November of 2014, Green Mountain Coffee Roaster informed the US Consumer Product Safety Commission and Health Canada that it identified a potential issues involving certain Keurig Mini Plus where on very rare occassion, hot liquid could escape the