ASSIGNMENT 08
C01JIntroduction
to Business
Directions: Be sure to save an electronic copy of your
answer before submitting it to Ashworth College for grading. Unless otherwise
stated, answer in complete sentences, and be sure to use correct English, spelling
and grammar. Sources must be cited in APA format. Your response should be four
(4) double-spaced pages; refer to the “Assignment Format” page
located on the Course Home page for specific format requirements.
Part A
1.
The text says that Toyota has focused
on quality as its operations capability. Describe two (2) ways that Toyota’s
operations might have changed if it had focused on low cost instead of quality.
2. FedEx
and the U.S. Postal Service compete for many of the same customers. Describe
two (2) ways that their strategies for attracting customers are different.
Part B
Mary
Ann has always loved to cook and is interested in starting a catering business.
Being aware of the failure rate of new businesses, she is considering buying an
existing catering business that is up for sale. The current owners claim that
the business is highly profitable, but Mary Ann has her doubts. She wonders why
the owners would be so interested in selling the business if it is such a money
maker. Furthermore, the price that they are asking seems high to Mary Ann.
Without any formal training in accounting, Mary Ann asks a friend, Rolanda, for
advice.
1.
Rolanda suggests that Mary Ann may
benefit from the services of a noncertified public accountant. Describe two (2)
types of services that could be provided.
2. The
auditor’s report has come back and Mary Ann is reviewing the financial
statements. The current balance sheet shows that the business has more
liabilities than assets. Why would this explain the need to sell the business?
Provide two (2) supporting facts.
3.
Rolanda suggests that, even with the
negative owners’ equity, this business might still be worth buying. Describe
one (1) other indicator within the auditor’s report that they should consider
for this decision.
Grading Rubric
Please refer
to the rubric on the following page for the grading criteria for this
assignment.
